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 Dec 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:

994,864

0.29%

632,293

0.18%

(2)

Cash-settled derivatives:

and/or controlled:

318,192

0.09%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,313,056

0.38%

645,953

0.19%

(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

98,174

54.5135 USD

common stock

Purchase

33,221

54.5036 USD

common stock

Purchase

32,628

54.5165 USD

common stock

Purchase

16,108

54.5200 USD

common stock

Purchase

10,758

54.5179 USD

common stock

Purchase

9,259

54.4915 USD

common stock

Purchase

8,977

54.5105 USD

common stock

Purchase

7,699

54.5171 USD

common stock

Purchase

5,379

54.5367 USD

common stock

Purchase

5,113

54.4720 USD

common stock

Purchase

4,292

54.5351 USD

common stock

Purchase

3,412

54.3574 USD

common stock

Purchase

2,450

54.4851 USD

common stock

Purchase

2,142

54.3438 USD

common stock

Purchase

2,099

54.4605 USD

common stock

Purchase

1,931

54.4672 USD

common stock

Purchase

1,900

54.2281 USD

common stock

Purchase

1,792

54.4430 USD

common stock

Purchase

1,035

54.4779 USD

common stock

Purchase

945

54.5172 USD

common stock

Purchase

901

54.5346 USD

common stock

Purchase

860

54.5305 USD

common stock

Purchase

659

54.5265 USD

common stock

Purchase

610

54.2193 USD

common stock

Purchase

586

54.4727 USD

common stock

Purchase

496

54.3698 USD

common stock

Purchase

414

54.6300 USD

common stock

Purchase

400

54.2200 USD

common stock

Purchase

301

54.4036 USD

common stock

Purchase

301

54.6638 USD

common stock

Purchase

293

54.5579 USD

common stock

Purchase

205

54.3250 USD

common stock

Purchase

200

54.2475 USD

common stock

Purchase

200

54.2300 USD

common stock

Purchase

200

54.4775 USD

common stock

Purchase

200

54.2125 USD

common stock

Purchase

190

54.2453 USD

common stock

Purchase

169

54.5963 USD

common stock

Purchase

105

54.4047 USD

common stock

Purchase

100

54.6400 USD

common stock

Purchase

100

54.7000 USD

common stock

Purchase

100

54.2700 USD

common stock

Purchase

73

51.6400 EUR

common stock

Purchase

72

54.5750 USD

common stock

Purchase

55

54.3933 USD

common stock

Purchase

40

54.5697 USD

common stock

Purchase

23

54.5769 USD

common stock

Purchase

22

54.5300 USD

common stock

Purchase

17

54.3500 USD

common stock

Purchase

17

54.5600 USD

common stock

Purchase

16

54.8250 USD

common stock

Purchase

10

54.3880 USD

common stock

Purchase

9

54.4122 USD

common stock

Purchase

6

54.3700 USD

common stock

Purchase

5

54.6150 USD

common stock

Purchase

5

54.3900 USD

common stock

Purchase

4

54.4000 USD

common stock

Sale

133,958

54.5135 USD

common stock

Sale

37,019

54.5200 USD

common stock

Sale

22,906

54.4740 USD

common stock

Sale

10,540

54.5184 USD

common stock

Sale

7,515

54.5112 USD

common stock

Sale

6,851

54.5102 USD

common stock

Sale

6,824

54.3574 USD

common stock

Sale

4,701

54.5340 USD

common stock

Sale

4,292

54.5351 USD

common stock

Sale

4,278

54.5512 USD

common stock

Sale

2,481

54.3622 USD

common stock

Sale

2,231

54.5162 USD

common stock

Sale

2,099

54.4605 USD

common stock

Sale

1,900

54.2281 USD

common stock

Sale

1,819

54.4094 USD

common stock

Sale

1,652

54.5137 USD

common stock

Sale

1,424

54.5243 USD

common stock

Sale

1,211

54.4134 USD

common stock

Sale

1,009

54.4036 USD

common stock

Sale

945

54.5172 USD

common stock

Sale

761

54.5150 USD

common stock

Sale

497

54.4515 USD

common stock

Sale

326

54.4597 USD

common stock

Sale

298

54.5683 USD

common stock

Sale

293

54.4071 USD

common stock

Sale

283

54.4587 USD

common stock

Sale

256

54.4034 USD

common stock

Sale

248

54.5645 USD

common stock

Sale

240

54.5084 USD

common stock

Sale

209

54.2541 USD

common stock

Sale

207

54.4340 USD

common stock

Sale

200

54.6000 USD

common stock

Sale

124

54.5100 USD

common stock

Sale

117

54.3741 USD

common stock

Sale

108

54.5190 USD

common stock

Sale

101

54.7903 USD

common stock

Sale

100

54.3300 USD

common stock

Sale

97

54.4629 USD

common stock

Sale

96

54.4895 USD

common stock

Sale

85

54.3800 USD

common stock

Sale

84

54.4625 USD

common stock

Sale

73

51.6400 EUR

common stock

Sale

73

54.3645 USD

common stock

Sale

72

54.5750 USD

common stock

Sale

66

54.7874 USD

common stock

Sale

65

54.3666 USD

common stock

Sale

61

54.4822 USD

common stock

Sale

55

54.3933 USD

common stock

Sale

40

54.5698 USD

common stock

Sale

40

54.5697 USD

common stock

Sale

38

54.3289 USD

common stock

Sale

36

54.5411 USD

common stock

Sale

34

54.4100 USD

common stock

Sale

30

54.3966 USD

common stock

Sale

25

54.4200 USD

common stock

Sale

18

54.3988 USD

common stock

Sale

16

54.8250 USD

common stock

Sale

14

54.6300 USD

common stock

Sale

14

54.6800 USD

common stock

Sale

8

54.5712 USD

common stock

Sale

5

54.6150 USD

common stock

Sale

5

54.4000 USD

common stock

Sale

5

54.3600 USD

common stock

Sale

5

54.3200 USD

common stock

Sale

5

54.3500 USD

common stock

Sale

4

54.4800 USD

common stock

Sale

3

54.5067 USD

common stock

Sale

3

54.4300 USD

common stock

Sale

2

54.5000 USD

common stock

Sale

1

54.2700 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

216

54.5210 USD

common stock

SWAP

Decreasing Long

424

54.5225 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 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213