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:

11 Nov 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:

857,215

0.25%

476,872

0.13%

(2)

Cash-settled derivatives:

and/or controlled:

291,432

0.08%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,148,647

0.33%

490,532

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

49,953

57.6409 USD

common stock

Purchase

18,372

57.6606 USD

common stock

Purchase

17,726

57.6598 USD

common stock

Purchase

16,090

57.5842 USD

common stock

Purchase

15,604

57.6595 USD

common stock

Purchase

14,467

57.6528 USD

common stock

Purchase

10,463

57.6315 USD

common stock

Purchase

10,084

57.6308 USD

common stock

Purchase

4,693

57.6390 USD

common stock

Purchase

4,521

57.5909 USD

common stock

Purchase

4,177

57.6600 USD

common stock

Purchase

3,630

57.6030 USD

common stock

Purchase

1,812

57.6158 USD

common stock

Purchase

1,269

57.6732 USD

common stock

Purchase

1,073

57.6323 USD

common stock

Purchase

1,022

58.0077 USD

common stock

Purchase

939

57.6357 USD

common stock

Purchase

932

57.5897 USD

common stock

Purchase

396

57.6596 USD

common stock

Purchase

365

57.6139 USD

common stock

Purchase

277

57.6349 USD

common stock

Purchase

222

57.6552 USD

common stock

Purchase

200

57.4925 USD

common stock

Purchase

172

57.7569 USD

common stock

Purchase

153

57.6245 USD

common stock

Purchase

120

57.7650 USD

common stock

Purchase

117

57.6500 USD

common stock

Purchase

101

57.6642 USD

common stock

Purchase

82

57.4100 USD

common stock

Purchase

76

57.8850 USD

common stock

Purchase

5

57.7200 USD

common stock

Sale

72,374

57.6291 USD

common stock

Sale

18,638

57.6478 USD

common stock

Sale

16,382

57.6462 USD

common stock

Sale

11,853

57.6318 USD

common stock

Sale

11,190

57.6598 USD

common stock

Sale

8,835

57.6600 USD

common stock

Sale

8,598

57.6271 USD

common stock

Sale

8,588

57.6575 USD

common stock

Sale

6,099

57.7092 USD

common stock

Sale

4,720

57.6426 USD

common stock

Sale

1,948

57.4449 USD

common stock

Sale

1,654

57.6165 USD

common stock

Sale

1,568

57.6163 USD

common stock

Sale

646

57.7377 USD

common stock

Sale

577

57.5966 USD

common stock

Sale

511

58.0077 USD

common stock

Sale

489

57.6301 USD

common stock

Sale

345

57.6136 USD

common stock

Sale

341

57.6017 USD

common stock

Sale

301

58.0058 USD

common stock

Sale

251

57.7436 USD

common stock

Sale

200

57.4925 USD

common stock

Sale

138

57.5992 USD

common stock

Sale

112

57.6500 USD

common stock

Sale

100

58.0100 USD

common stock

Sale

100

58.0101 USD

common stock

Sale

100

57.6800 USD

common stock

Sale

100

57.6550 USD

common stock

Sale

100

57.5800 USD

common stock

Sale

76

57.8850 USD

common stock

Sale

64

57.8700 USD

common stock

Sale

50

57.6660 USD

common stock

Sale

24

57.6243 USD

common stock

Sale

10

58.0200 USD

common stock

Sale

5

57.5500 USD

common stock

Sale

5

57.5900 USD

common stock

Sale

3

57.4100 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

1,606

57.6574 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:

12 Nov 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213