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:

27 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:

887,124

0.26%

551,345

0.16%

(2)

Cash-settled derivatives:

and/or controlled:

318,464

0.09%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,205,588

0.35%

565,005

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

63,058

58.4051 USD

common stock

Purchase

24,766

58.3800 USD

common stock

Purchase

19,857

58.4315 USD

common stock

Purchase

14,792

58.4193 USD

common stock

Purchase

14,310

58.3826 USD

common stock

Purchase

9,000

58.5761 USD

common stock

Purchase

6,384

58.4223 USD

common stock

Purchase

3,747

58.3877 USD

common stock

Purchase

3,678

58.4921 USD

common stock

Purchase

3,574

58.4882 USD

common stock

Purchase

3,415

58.3677 USD

common stock

Purchase

2,661

59.2600 USD

common stock

Purchase

2,645

58.4611 USD

common stock

Purchase

1,679

58.4428 USD

common stock

Purchase

1,167

58.3568 USD

common stock

Purchase

574

58.6187 USD

common stock

Purchase

541

58.4178 USD

common stock

Purchase

403

58.3199 USD

common stock

Purchase

396

58.5460 USD

common stock

Purchase

388

58.3305 USD

common stock

Purchase

385

58.6120 USD

common stock

Purchase

326

58.5244 USD

common stock

Purchase

308

58.4438 USD

common stock

Purchase

176

58.5475 USD

common stock

Purchase

130

58.8000 USD

common stock

Purchase

100

58.4000 USD

common stock

Purchase

100

58.2800 USD

common stock

Purchase

95

58.2600 USD

common stock

Purchase

82

58.3700 USD

common stock

Purchase

28

58.4889 USD

common stock

Purchase

27

58.5814 USD

common stock

Purchase

20

58.5245 USD

common stock

Purchase

18

58.4083 USD

common stock

Purchase

5

58.3400 USD

common stock

Purchase

5

58.7100 USD

common stock

Sale

92,190

58.4117 USD

common stock

Sale

38,523

58.3800 USD

common stock

Sale

9,068

58.4201 USD

common stock

Sale

5,018

58.5176 USD

common stock

Sale

4,500

58.5761 USD

common stock

Sale

4,208

58.4682 USD

common stock

Sale

3,747

58.3877 USD

common stock

Sale

2,661

59.2600 USD

common stock

Sale

2,550

58.5014 USD

common stock

Sale

1,761

58.3979 USD

common stock

Sale

1,301

58.5460 USD

common stock

Sale

1,019

58.5900 USD

common stock

Sale

1,009

58.4447 USD

common stock

Sale

847

58.5492 USD

common stock

Sale

706

58.5788 USD

common stock

Sale

699

58.4213 USD

common stock

Sale

388

58.3305 USD

common stock

Sale

381

58.6585 USD

common stock

Sale

377

58.5309 USD

common stock

Sale

351

58.2899 USD

common stock

Sale

324

58.6776 USD

common stock

Sale

320

58.4562 USD

common stock

Sale

301

58.4448 USD

common stock

Sale

216

58.3352 USD

common stock

Sale

125

58.2850 USD

common stock

Sale

110

58.3538 USD

common stock

Sale

110

58.3819 USD

common stock

Sale

109

58.2800 USD

common stock

Sale

100

58.4000 USD

common stock

Sale

100

58.7100 USD

common stock

Sale

95

58.4908 USD

common stock

Sale

90

58.4364 USD

common stock

Sale

65

58.8000 USD

common stock

Sale

40

58.5245 USD

common stock

Sale

40

58.7857 USD

common stock

Sale

37

59.1600 USD

common stock

Sale

11

58.3700 USD

common stock

Sale

6

58.4116 USD

common stock

Sale

2

58.3650 USD

common stock

Sale

1

58.5100 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

3,171

58.3810 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:

28 Nov 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213