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:

09 May 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:

655,708

0.19%

813,036

0.23%

(2)

Cash-settled derivatives:

and/or controlled:

429,465

0.12%

100,125

0.03%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,085,173

0.31%

913,161

0.26%

(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

294,437

39.7900 USD

common stock

Purchase

241,756

39.7869 USD

common stock

Purchase

79,243

39.5779 USD

common stock

Purchase

78,054

39.6625 USD

common stock

Purchase

63,402

39.8154 USD

common stock

Purchase

62,352

39.5586 USD

common stock

Purchase

57,426

39.4906 USD

common stock

Purchase

46,383

39.7057 USD

common stock

Purchase

36,401

39.8347 USD

common stock

Purchase

32,828

39.7790 USD

common stock

Purchase

23,186

39.6525 USD

common stock

Purchase

21,667

39.6802 USD

common stock

Purchase

20,072

39.6707 USD

common stock

Purchase

18,042

39.6891 USD

common stock

Purchase

18,019

39.6554 USD

common stock

Purchase

16,748

39.7174 USD

common stock

Purchase

16,075

39.8390 USD

common stock

Purchase

11,615

39.8153 USD

common stock

Purchase

9,905

39.6694 USD

common stock

Purchase

9,662

39.6334 USD

common stock

Purchase

9,265

39.6940 USD

common stock

Purchase

8,433

39.5995 USD

common stock

Purchase

5,843

39.5208 USD

common stock

Purchase

5,708

39.5238 USD

common stock

Purchase

5,111

39.4711 USD

common stock

Purchase

5,000

39.2569 USD

common stock

Purchase

4,823

39.5381 USD

common stock

Purchase

4,772

39.7087 USD

common stock

Purchase

3,428

39.7215 USD

common stock

Purchase

3,074

39.4794 USD

common stock

Purchase

2,646

39.7988 USD

common stock

Purchase

2,630

39.7517 USD

common stock

Purchase

2,545

39.7819 USD

common stock

Purchase

2,514

39.6857 USD

common stock

Purchase

2,499

39.6992 USD

common stock

Purchase

2,235

39.7956 USD

common stock

Purchase

2,152

39.8357 USD

common stock

Purchase

2,114

39.5629 USD

common stock

Purchase

2,060

39.6535 USD

common stock

Purchase

1,803

39.7044 USD

common stock

Purchase

1,744

39.5810 USD

common stock

Purchase

1,597

39.8132 USD

common stock

Purchase

1,148

39.3969 USD

common stock

Purchase

925

39.6601 USD

common stock

Purchase

570

39.8400 USD

common stock

Purchase

546

39.8200 USD

common stock

Purchase

403

39.5320 USD

common stock

Purchase

400

39.7950 USD

common stock

Purchase

396

39.9400 USD

common stock

Purchase

390

39.7848 USD

common stock

Purchase

202

39.9133 USD

common stock

Purchase

200

39.5610 USD

common stock

Purchase

120

39.6000 USD

common stock

Purchase

100

39.4900 USD

common stock

Purchase

100

39.5300 USD

common stock

Purchase

100

39.6400 USD

common stock

Purchase

94

39.9700 USD

common stock

Purchase

62

39.8350 USD

common stock

Purchase

48

39.7300 USD

common stock

Purchase

24

40.0000 USD

common stock

Purchase

20

39.7000 USD

common stock

Purchase

9

39.6100 USD

common stock

Purchase

5

39.5350 USD

common stock

Purchase

5

39.4500 USD

common stock

Purchase

4

39.4700 USD

common stock

Sale

239,422

39.6858 USD

common stock

Sale

203,190

39.8131 USD

common stock

Sale

162,760

39.7970 USD

common stock

Sale

82,307

39.7894 USD

common stock

Sale

75,765

39.6052 USD

common stock

Sale

60,000

39.4633 USD

common stock

Sale

51,400

39.5662 USD

common stock

Sale

46,083

39.7048 USD

common stock

Sale

44,310

39.5964 USD

common stock

Sale

42,931

39.5752 USD

common stock

Sale

37,398

39.7933 USD

common stock

Sale

31,640

39.8125 USD

common stock

Sale

25,883

39.7528 USD

common stock

Sale

18,061

39.7779 USD

common stock

Sale

16,075

39.8390 USD

common stock

Sale

15,988

39.8399 USD

common stock

Sale

11,615

39.8153 USD

common stock

Sale

11,044

39.7313 USD

common stock

Sale

10,898

39.7243 USD

common stock

Sale

10,578

39.5207 USD

common stock

Sale

9,876

39.5733 USD

common stock

Sale

9,674

39.7420 USD

common stock

Sale

7,447

39.6502 USD

common stock

Sale

7,324

39.7502 USD

common stock

Sale

5,983

39.5119 USD

common stock

Sale

2,949

39.6049 USD

common stock

Sale

2,726

39.5199 USD

common stock

Sale

2,193

39.6533 USD

common stock

Sale

2,104

39.7887 USD

common stock

Sale

1,882

39.7273 USD

common stock

Sale

1,843

39.8357 USD

common stock

Sale

1,832

39.7895 USD

common stock

Sale

1,311

39.6937 USD

common stock

Sale

1,241

39.6419 USD

common stock

Sale

1,220

39.4436 USD

common stock

Sale

1,196

39.8044 USD

common stock

Sale

1,031

39.7486 USD

common stock

Sale

925

39.6601 USD

common stock

Sale

831

39.8400 USD

common stock

Sale

710

39.8295 USD

common stock

Sale

500

39.8200 USD

common stock

Sale

495

39.5135 USD

common stock

Sale

477

39.7684 USD

common stock

Sale

430

39.6925 USD

common stock

Sale

418

39.7493 USD

common stock

Sale

396

39.9400 USD

common stock

Sale

390

39.7848 USD

common stock

Sale

213

39.6491 USD

common stock

Sale

208

39.7218 USD

common stock

Sale

200

39.5610 USD

common stock

Sale

200

39.7600 USD

common stock

Sale

120

39.5175 USD

common stock

Sale

100

39.6545 USD

common stock

Sale

100

39.6525 USD

common stock

Sale

100

39.5300 USD

common stock

Sale

95

39.7930 USD

common stock

Sale

62

39.8350 USD

common stock

Sale

50

39.8300 USD

common stock

Sale

45

39.6455 USD

common stock

Sale

35

39.4842 USD

common stock

Sale

33

39.6518 USD

common stock

Sale

33

39.8360 USD

common stock

Sale

25

39.5320 USD

common stock

Sale

20

39.7675 USD

common stock

Sale

20

39.7000 USD

common stock

Sale

20

39.7725 USD

common stock

Sale

10

39.5350 USD

common stock

Sale

10

39.6350 USD

common stock

Sale

10

39.5650 USD

common stock

Sale

9

39.6100 USD

common stock

Sale

5

39.8250 USD

common stock

Sale

5

39.4300 USD

common stock

Sale

5

39.7300 USD

common stock

Sale

4

39.4700 USD

common stock

Sale

4

39.8100 USD

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

(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

common stock

Call Options

Selling

100

USD

1.5500 USD

common stock

Call Options

Selling

2,000

USD

0.5125 USD

common stock

Call Options

Purchasing

6,700

USD

0.4500 USD

common stock

Call Options

Selling

5,500

USD

0.9400 USD

common stock

Call Options

Selling

5,700

USD

0.8043 USD

(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:

10 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213