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:

20 Jun 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:

843,159

0.24%

296,135

0.09%

(2)

Cash-settled derivatives:

and/or controlled:

36,045

0.01%

38,180

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

879,204

0.25%

334,315

0.10%

(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

225,196

46.5571 USD

common stock

Purchase

119,491

46.5528 USD

common stock

Purchase

96,958

46.5500 USD

common stock

Purchase

36,809

46.5207 USD

common stock

Purchase

27,093

46.5274 USD

common stock

Purchase

17,599

46.5283 USD

common stock

Purchase

13,016

46.4764 USD

common stock

Purchase

12,343

46.5344 USD

common stock

Purchase

7,929

46.5313 USD

common stock

Purchase

7,205

46.5466 USD

common stock

Purchase

5,565

46.5224 USD

common stock

Purchase

3,004

46.4829 USD

common stock

Purchase

2,804

46.4823 USD

common stock

Purchase

2,774

46.4736 USD

common stock

Purchase

1,821

46.4789 USD

common stock

Purchase

1,752

46.5267 USD

common stock

Purchase

1,373

46.5416 USD

common stock

Purchase

1,150

46.4695 USD

common stock

Purchase

1,016

46.5732 USD

common stock

Purchase

1,000

46.4745 USD

common stock

Purchase

896

46.4314 USD

common stock

Purchase

636

46.4562 USD

common stock

Purchase

600

46.4975 USD

common stock

Purchase

444

46.4761 USD

common stock

Purchase

425

46.4198 USD

common stock

Purchase

313

46.5496 USD

common stock

Purchase

300

46.5616 USD

common stock

Purchase

258

46.3875 USD

common stock

Purchase

250

46.4340 USD

common stock

Purchase

229

46.4926 USD

common stock

Purchase

200

46.4400 USD

common stock

Purchase

180

46.5000 USD

common stock

Purchase

161

46.4492 USD

common stock

Purchase

143

46.3900 USD

common stock

Purchase

131

46.4796 USD

common stock

Purchase

101

43.3200 EUR

common stock

Purchase

100

46.4305 USD

common stock

Purchase

79

46.4648 USD

common stock

Purchase

68

46.1950 USD

common stock

Purchase

31

46.5100 USD

common stock

Purchase

20

46.6050 USD

common stock

Purchase

20

46.6700 USD

common stock

Purchase

20

46.5200 USD

common stock

Purchase

13

46.2900 USD

common stock

Purchase

4

46.5400 USD

common stock

Purchase

1

46.4500 USD

common stock

Sale

226,273

46.5467 USD

common stock

Sale

83,794

46.5721 USD

common stock

Sale

53,772

46.5500 USD

common stock

Sale

48,029

46.5499 USD

common stock

Sale

44,328

46.5247 USD

common stock

Sale

26,354

46.5301 USD

common stock

Sale

17,796

46.5206 USD

common stock

Sale

11,935

46.5727 USD

common stock

Sale

10,623

46.4891 USD

common stock

Sale

7,710

46.6060 USD

common stock

Sale

7,705

46.5349 USD

common stock

Sale

6,770

46.4443 USD

common stock

Sale

6,105

46.5460 USD

common stock

Sale

5,308

46.5102 USD

common stock

Sale

2,929

46.5161 USD

common stock

Sale

2,774

46.4736 USD

common stock

Sale

2,336

46.5487 USD

common stock

Sale

2,000

46.3900 USD

common stock

Sale

1,826

46.4701 USD

common stock

Sale

1,580

46.5211 USD

common stock

Sale

1,373

46.5416 USD

common stock

Sale

1,150

46.4695 USD

common stock

Sale

1,016

46.5732 USD

common stock

Sale

1,004

46.6680 USD

common stock

Sale

961

46.6431 USD

common stock

Sale

866

46.5585 USD

common stock

Sale

538

46.5621 USD

common stock

Sale

186

46.4694 USD

common stock

Sale

178

46.5665 USD

common stock

Sale

172

46.5773 USD

common stock

Sale

152

46.4075 USD

common stock

Sale

140

46.5900 USD

common stock

Sale

111

46.4914 USD

common stock

Sale

101

43.3200 EUR

common stock

Sale

100

46.5000 USD

common stock

Sale

100

46.4925 USD

common stock

Sale

79

46.4648 USD

common stock

Sale

40

46.6050 USD

common stock

Sale

1

46.4500 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

(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:

21 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

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