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 CO

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:

24 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:

878,353

0.25%

455,688

0.13%

(2)

Cash-settled derivatives:

and/or controlled:

364,971

0.11%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,243,324

0.36%

455,688

0.13%

(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

75,740

48.6314 USD

common stock

Purchase

29,901

48.6400 USD

common stock

Purchase

28,167

48.6759 USD

common stock

Purchase

22,549

48.6494 USD

common stock

Purchase

20,487

48.6329 USD

common stock

Purchase

15,726

48.6495 USD

common stock

Purchase

14,573

48.6456 USD

common stock

Purchase

14,449

48.6391 USD

common stock

Purchase

8,684

48.6549 USD

common stock

Purchase

7,990

48.6570 USD

common stock

Purchase

6,344

48.6392 USD

common stock

Purchase

5,802

48.6513 USD

common stock

Purchase

5,735

48.6383 USD

common stock

Purchase

5,114

48.6633 USD

common stock

Purchase

4,251

48.6470 USD

common stock

Purchase

3,517

48.6754 USD

common stock

Purchase

2,646

48.6791 USD

common stock

Purchase

2,388

48.6590 USD

common stock

Purchase

2,181

48.6592 USD

common stock

Purchase

1,972

48.6441 USD

common stock

Purchase

1,734

48.6918 USD

common stock

Purchase

1,651

48.4393 USD

common stock

Purchase

1,100

48.7200 USD

common stock

Purchase

700

48.6628 USD

common stock

Purchase

564

48.5991 USD

common stock

Purchase

535

48.6465 USD

common stock

Purchase

500

48.6800 USD

common stock

Purchase

324

48.6585 USD

common stock

Purchase

260

48.6389 USD

common stock

Purchase

252

48.6742 USD

common stock

Purchase

239

48.6445 USD

common stock

Purchase

200

48.6050 USD

common stock

Purchase

169

48.6600 USD

common stock

Purchase

120

48.7050 USD

common stock

Purchase

112

48.6500 USD

common stock

Purchase

110

48.6997 USD

common stock

Purchase

100

48.6250 USD

common stock

Purchase

75

48.6900 USD

common stock

Purchase

57

48.6750 USD

common stock

Purchase

49

48.7597 USD

common stock

Purchase

41

48.7575 USD

common stock

Purchase

25

48.7596 USD

common stock

Purchase

12

48.5938 USD

common stock

Purchase

5

48.6300 USD

common stock

Purchase

5

48.7150 USD

common stock

Purchase

1

48.3800 USD

common stock

Sale

106,496

48.6344 USD

common stock

Sale

33,738

48.6583 USD

common stock

Sale

27,783

48.6653 USD

common stock

Sale

27,375

48.6400 USD

common stock

Sale

14,573

48.6456 USD

common stock

Sale

9,290

48.6689 USD

common stock

Sale

7,744

48.6392 USD

common stock

Sale

6,887

48.6403 USD

common stock

Sale

6,739

48.6390 USD

common stock

Sale

6,313

48.6746 USD

common stock

Sale

6,198

48.6386 USD

common stock

Sale

4,423

48.6479 USD

common stock

Sale

3,820

48.6277 USD

common stock

Sale

3,600

48.6658 USD

common stock

Sale

2,354

48.6253 USD

common stock

Sale

2,100

48.6297 USD

common stock

Sale

2,020

48.6457 USD

common stock

Sale

1,818

48.6884 USD

common stock

Sale

1,757

48.5789 USD

common stock

Sale

1,734

48.6918 USD

common stock

Sale

1,677

48.6429 USD

common stock

Sale

1,662

48.6643 USD

common stock

Sale

1,472

48.6465 USD

common stock

Sale

1,460

48.6515 USD

common stock

Sale

1,368

48.6651 USD

common stock

Sale

1,344

48.6208 USD

common stock

Sale

1,208

48.6555 USD

common stock

Sale

711

48.6354 USD

common stock

Sale

603

48.4158 USD

common stock

Sale

600

48.6283 USD

common stock

Sale

567

48.6647 USD

common stock

Sale

550

48.6600 USD

common stock

Sale

541

48.6271 USD

common stock

Sale

500

48.6800 USD

common stock

Sale

362

48.6606 USD

common stock

Sale

359

48.6435 USD

common stock

Sale

324

48.6585 USD

common stock

Sale

277

48.6483 USD

common stock

Sale

261

48.6549 USD

common stock

Sale

240

48.7050 USD

common stock

Sale

235

48.6420 USD

common stock

Sale

231

48.6632 USD

common stock

Sale

227

48.6082 USD

common stock

Sale

200

48.5900 USD

common stock

Sale

169

48.6950 USD

common stock

Sale

110

48.6997 USD

common stock

Sale

102

48.3647 USD

common stock

Sale

101

48.3720 USD

common stock

Sale

100

48.6250 USD

common stock

Sale

100

48.7500 USD

common stock

Sale

19

48.6900 USD

common stock

Sale

19

48.6300 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

Increasing Long

13,513

48.6161 USD

common stock

SWAP

Decreasing Long

5,422

48.6425 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:

25 Sep 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213