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:

30 Jul 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:

831,790

0.24%

523,021

0.15%

(2)

Cash-settled derivatives:

and/or controlled:

168,662

0.05%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

24,700

0.01%

TOTAL:

1,000,452

0.29%

547,721

0.16%

(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

99,246

46.1028 USD

common stock

Purchase

73,226

46.2805 USD

common stock

Purchase

49,093

46.0477 USD

common stock

Purchase

41,828

46.1793 USD

common stock

Purchase

35,393

46.1513 USD

common stock

Purchase

31,049

46.0877 USD

common stock

Purchase

27,926

46.2107 USD

common stock

Purchase

17,327

45.9200 USD

common stock

Purchase

7,359

46.1031 USD

common stock

Purchase

7,136

46.1162 USD

common stock

Purchase

6,435

46.3812 USD

common stock

Purchase

4,713

45.9479 USD

common stock

Purchase

3,451

46.0739 USD

common stock

Purchase

3,206

46.3137 USD

common stock

Purchase

3,125

46.3112 USD

common stock

Purchase

2,315

46.1885 USD

common stock

Purchase

2,104

46.2875 USD

common stock

Purchase

1,403

46.2536 USD

common stock

Purchase

1,386

46.2685 USD

common stock

Purchase

1,000

45.9900 USD

common stock

Purchase

828

46.1562 USD

common stock

Purchase

601

46.3493 USD

common stock

Purchase

568

46.3070 USD

common stock

Purchase

501

46.2752 USD

common stock

Purchase

458

46.2237 USD

common stock

Purchase

400

46.2850 USD

common stock

Purchase

311

46.3183 USD

common stock

Purchase

306

46.0382 USD

common stock

Purchase

304

46.2576 USD

common stock

Purchase

230

46.4404 USD

common stock

Purchase

200

46.3025 USD

common stock

Purchase

200

46.2700 USD

common stock

Purchase

200

46.2650 USD

common stock

Purchase

103

46.3200 USD

common stock

Purchase

101

46.2605 USD

common stock

Purchase

101

46.4686 USD

common stock

Purchase

100

46.2900 USD

common stock

Purchase

100

46.1200 USD

common stock

Purchase

100

46.0000 USD

common stock

Purchase

100

46.2800 USD

common stock

Purchase

100

46.4600 USD

common stock

Purchase

50

45.9700 USD

common stock

Purchase

36

45.8900 USD

common stock

Purchase

32

46.2200 USD

common stock

Purchase

24

46.3100 USD

common stock

Purchase

13

46.0246 USD

common stock

Sale

72,766

46.0560 USD

common stock

Sale

52,738

46.0543 USD

common stock

Sale

50,274

46.3157 USD

common stock

Sale

41,874

46.2103 USD

common stock

Sale

35,393

46.1513 USD

common stock

Sale

23,109

46.1767 USD

common stock

Sale

19,371

46.1550 USD

common stock

Sale

12,917

46.1893 USD

common stock

Sale

11,914

46.0661 USD

common stock

Sale

11,828

46.1607 USD

common stock

Sale

11,355

45.9200 USD

common stock

Sale

10,419

46.2755 USD

common stock

Sale

8,146

46.1584 USD

common stock

Sale

7,198

46.1725 USD

common stock

Sale

7,142

46.2163 USD

common stock

Sale

6,335

46.3800 USD

common stock

Sale

6,000

46.2048 USD

common stock

Sale

5,928

46.2187 USD

common stock

Sale

5,745

46.1522 USD

common stock

Sale

5,219

45.9225 USD

common stock

Sale

4,989

46.3089 USD

common stock

Sale

3,948

46.1828 USD

common stock

Sale

3,731

46.2175 USD

common stock

Sale

3,569

46.2542 USD

common stock

Sale

3,103

46.2057 USD

common stock

Sale

2,990

46.1544 USD

common stock

Sale

2,773

46.1511 USD

common stock

Sale

2,700

46.1900 USD

common stock

Sale

2,324

46.0921 USD

common stock

Sale

2,315

46.1885 USD

common stock

Sale

2,277

46.1059 USD

common stock

Sale

2,218

46.2056 USD

common stock

Sale

2,165

46.3700 USD

common stock

Sale

2,159

46.1333 USD

common stock

Sale

1,956

46.1038 USD

common stock

Sale

1,551

46.1754 USD

common stock

Sale

1,501

46.1047 USD

common stock

Sale

1,497

46.0800 USD

common stock

Sale

1,100

46.0327 USD

common stock

Sale

1,093

46.4346 USD

common stock

Sale

1,000

46.2500 USD

common stock

Sale

650

46.2822 USD

common stock

Sale

600

46.2950 USD

common stock

Sale

484

46.1177 USD

common stock

Sale

400

46.2975 USD

common stock

Sale

306

46.0382 USD

common stock

Sale

305

46.0100 USD

common stock

Sale

300

46.2866 USD

common stock

Sale

300

46.0833 USD

common stock

Sale

285

46.1268 USD

common stock

Sale

273

46.1856 USD

common stock

Sale

257

46.0700 USD

common stock

Sale

200

46.1950 USD

common stock

Sale

200

46.2850 USD

common stock

Sale

155

46.2516 USD

common stock

Sale

152

46.2576 USD

common stock

Sale

118

45.9743 USD

common stock

Sale

100

46.0000 USD

common stock

Sale

100

46.4600 USD

common stock

Sale

100

45.9800 USD

common stock

Sale

84

46.2425 USD

common stock

Sale

73

46.1187 USD

common stock

Sale

60

46.2600 USD

common stock

Sale

36

45.8900 USD

common stock

Sale

31

46.1470 USD

common stock

Sale

30

46.1960 USD

common stock

Sale

17

46.3300 USD

common stock

Sale

8

46.1800 USD

common stock

Sale

5

45.9100 USD

common stock

Sale

5

45.9900 USD

common stock

Sale

3

46.0600 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

33,100

46.1566 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?

YES

Date of disclosure:

31 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO

PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.

KEY INFORMATION

Identity of the person whose positions/dealings

Barclays PLC.

are being disclosed:

Name of offeror/offeree in relation to whose

INTERNATIONAL PAPER CO

relevant securities this from relates:

2.

OPTIONS AND DERIVATIVES

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

common stock

Put Options

Purchased

-24,700

43.0000

American

16 Aug 2024

3.

AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood: