Form 8.3 - INTERNATIONAL PAPER COMPANY

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

INTERNATIONAL PAPER COMPANY

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

20 Sep 2024

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

disclosures in respect of any other party to the offer?

DS SMITH PLC

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing(if any)

Class of relevant security:

common stock

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

906,395

0.26%

520,413

0.15%

(2)

Cash-settled derivatives:

and/or controlled:

363,247

0.10%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,269,642

0.37%

520,413

0.15%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

common stock

Purchase

120,489

48.8245 USD

common stock

Purchase

40,672

48.8188 USD

common stock

Purchase

40,159

48.8108 USD

common stock

Purchase

35,756

49.0510 USD

common stock

Purchase

33,212

48.9881 USD

common stock

Purchase

23,909

49.2078 USD

common stock

Purchase

17,716

48.9816 USD

common stock

Purchase

16,931

48.7100 USD

common stock

Purchase

15,949

49.3411 USD

common stock

Purchase

13,440

49.0162 USD

common stock

Purchase

12,647

49.0472 USD

common stock

Purchase

12,356

48.9613 USD

common stock

Purchase

12,135

48.9454 USD

common stock

Purchase

11,277

49.0208 USD

common stock

Purchase

6,456

48.7110 USD

common stock

Purchase

5,482

48.8064 USD

common stock

Purchase

5,271

48.7108 USD

common stock

Purchase

4,674

48.9605 USD

common stock

Purchase

3,548

49.0343 USD

common stock

Purchase

3,547

48.7082 USD

common stock

Purchase

2,626

48.9550 USD

common stock

Purchase

2,610

49.0050 USD

common stock

Purchase

2,487

49.0112 USD

common stock

Purchase

2,294

48.9529 USD

common stock

Purchase

2,043

48.7105 USD

common stock

Purchase

1,501

49.0583 USD

common stock

Purchase

1,400

48.9385 USD

common stock

Purchase

1,220

49.0210 USD

common stock

Purchase

1,200

48.9677 USD

common stock

Purchase

1,005

48.8805 USD

common stock

Purchase

1,000

48.9805 USD

common stock

Purchase

1,000

49.1040 USD

common stock

Purchase

815

49.1784 USD

common stock

Purchase

801

48.9628 USD

common stock

Purchase

699

48.7768 USD

common stock

Purchase

629

48.9681 USD

common stock

Purchase

568

48.9957 USD

common stock

Purchase

500

48.9520 USD

common stock

Purchase

419

49.0744 USD

common stock

Purchase

300

48.7700 USD

common stock

Purchase

200

48.9200 USD

common stock

Purchase

200

49.1700 USD

common stock

Purchase

190

49.2444 USD

common stock

Purchase

167

48.8200 USD

common stock

Purchase

160

49.4000 USD

common stock

Purchase

131

49.4496 USD

common stock

Purchase

107

49.0670 USD

common stock

Purchase

100

49.1000 USD

common stock

Purchase

100

48.8700 USD

common stock

Purchase

96

49.4950 USD

common stock

Purchase

64

49.5400 USD

common stock

Purchase

44

44.3500 EUR

common stock

Purchase

32

49.5500 USD

common stock

Purchase

32

49.4600 USD

common stock

Purchase

30

49.2100 USD

common stock

Purchase

20

48.8650 USD

common stock

Purchase

16

49.3750 USD

common stock

Purchase

15

49.3300 USD

common stock

Purchase

6

49.2000 USD

common stock

Purchase

1

48.7600 USD

common stock

Purchase

1

49.3100 USD

common stock

Sale

213,511

48.9029 USD

common stock

Sale

40,672

48.8188 USD

common stock

Sale

22,372

49.0363 USD

common stock

Sale

17,736

48.7100 USD

common stock

Sale

13,130

49.0282 USD

common stock

Sale

12,374

48.9415 USD

common stock

Sale

11,505

49.5902 USD

common stock

Sale

9,257

48.9804 USD

common stock

Sale

7,936

48.7379 USD

common stock

Sale

6,840

49.0880 USD

common stock

Sale

6,456

48.7110 USD

common stock

Sale

5,866

49.5435 USD

common stock

Sale

5,850

49.3319 USD

common stock

Sale

5,200

49.0407 USD

common stock

Sale

3,722

48.7922 USD

common stock

Sale

3,693

48.7107 USD

common stock

Sale

3,547

48.7082 USD

common stock

Sale

2,485

49.1072 USD

common stock

Sale

2,320

49.3483 USD

common stock

Sale

2,043

48.7105 USD

common stock

Sale

1,738

49.6867 USD

common stock

Sale

1,497

49.0582 USD

common stock

Sale

1,457

49.3895 USD

common stock

Sale

1,097

49.3838 USD

common stock

Sale

1,015

49.0321 USD

common stock

Sale

732

48.9012 USD

common stock

Sale

700

49.0378 USD

common stock

Sale

456

49.2996 USD

common stock

Sale

399

49.7056 USD

common stock

Sale

357

49.2607 USD

common stock

Sale

300

48.7700 USD

common stock

Sale

300

48.7600 USD

common stock

Sale

300

48.8466 USD

common stock

Sale

264

49.3390 USD

common stock

Sale

255

48.6943 USD

common stock

Sale

206

48.9363 USD

common stock

Sale

190

49.2444 USD

common stock

Sale

156

48.7244 USD

common stock

Sale

116

49.5717 USD

common stock

Sale

109

48.6900 USD

common stock

Sale

103

49.3822 USD

common stock

Sale

101

48.7665 USD

common stock

Sale

100

49.3700 USD

common stock

Sale

100

49.2500 USD

common stock

Sale

100

48.6700 USD

common stock

Sale

100

48.8700 USD

common stock

Sale

44

44.3500 EUR

common stock

Sale

32

49.3750 USD

common stock

Sale

20

48.8650 USD

common stock

Sale

8

49.1800 USD

common stock

Sale

4

49.0750 USD

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

common stock

SWAP

Decreasing Long

3,590

48.7124 USD

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

23 Sep 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213