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:

15 Jul 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:

777,698

0.22%

410,955

0.12%

(2)

Cash-settled derivatives:

and/or controlled:

76,162

0.02%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

853,860

0.25%

410,955

0.12%

(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

93,087

44.1147 USD

common stock

Purchase

28,214

44.1400 USD

common stock

Purchase

25,843

44.0487 USD

common stock

Purchase

20,779

43.9701 USD

common stock

Purchase

14,729

43.9599 USD

common stock

Purchase

13,500

43.6265 USD

common stock

Purchase

11,833

44.1212 USD

common stock

Purchase

10,983

43.9855 USD

common stock

Purchase

10,082

44.0010 USD

common stock

Purchase

7,500

43.6729 USD

common stock

Purchase

5,700

43.8970 USD

common stock

Purchase

5,125

44.1587 USD

common stock

Purchase

4,997

44.0631 USD

common stock

Purchase

4,822

43.9936 USD

common stock

Purchase

4,241

43.8403 USD

common stock

Purchase

4,218

43.8397 USD

common stock

Purchase

3,912

44.0215 USD

common stock

Purchase

3,755

44.0880 USD

common stock

Purchase

3,185

43.9639 USD

common stock

Purchase

2,547

44.0411 USD

common stock

Purchase

2,447

43.5381 USD

common stock

Purchase

2,260

44.0148 USD

common stock

Purchase

1,660

43.9451 USD

common stock

Purchase

1,477

44.1612 USD

common stock

Purchase

1,348

44.0114 USD

common stock

Purchase

1,058

44.1550 USD

common stock

Purchase

921

44.1901 USD

common stock

Purchase

913

43.5964 USD

common stock

Purchase

804

44.1468 USD

common stock

Purchase

680

43.5424 USD

common stock

Purchase

656

44.0824 USD

common stock

Purchase

639

44.1521 USD

common stock

Purchase

608

43.9671 USD

common stock

Purchase

553

43.6587 USD

common stock

Purchase

545

43.7998 USD

common stock

Purchase

528

44.1375 USD

common stock

Purchase

483

43.6121 USD

common stock

Purchase

413

44.0933 USD

common stock

Purchase

370

44.1408 USD

common stock

Purchase

350

44.0685 USD

common stock

Purchase

285

43.9736 USD

common stock

Purchase

285

44.0618 USD

common stock

Purchase

262

43.9491 USD

common stock

Purchase

221

43.4733 USD

common stock

Purchase

200

43.8350 USD

common stock

Purchase

200

44.1850 USD

common stock

Purchase

200

43.5350 USD

common stock

Purchase

132

44.1100 USD

common stock

Purchase

112

44.1300 USD

common stock

Purchase

100

43.6200 USD

common stock

Purchase

100

43.8100 USD

common stock

Purchase

100

43.6000 USD

common stock

Purchase

100

43.6225 USD

common stock

Purchase

100

43.5200 USD

common stock

Purchase

100

43.7200 USD

common stock

Purchase

77

44.0500 USD

common stock

Purchase

53

43.8938 USD

common stock

Purchase

23

43.9600 USD

common stock

Purchase

22

43.8659 USD

common stock

Purchase

14

43.7600 USD

common stock

Purchase

3

43.5300 USD

common stock

Sale

69,323

44.1085 USD

common stock

Sale

59,705

44.0088 USD

common stock

Sale

41,979

44.0559 USD

common stock

Sale

24,862

44.1207 USD

common stock

Sale

23,245

44.1400 USD

common stock

Sale

15,284

43.9551 USD

common stock

Sale

13,500

43.6266 USD

common stock

Sale

13,500

43.6265 USD

common stock

Sale

12,293

44.0401 USD

common stock

Sale

9,708

43.9722 USD

common stock

Sale

7,253

44.1695 USD

common stock

Sale

5,125

44.1587 USD

common stock

Sale

4,972

44.1370 USD

common stock

Sale

4,218

43.8397 USD

common stock

Sale

3,400

43.9505 USD

common stock

Sale

3,354

44.0518 USD

common stock

Sale

2,672

43.8273 USD

common stock

Sale

2,572

44.0577 USD

common stock

Sale

2,547

44.0411 USD

common stock

Sale

2,135

44.0556 USD

common stock

Sale

1,832

44.1572 USD

common stock

Sale

1,123

43.9840 USD

common stock

Sale

1,073

43.8393 USD

common stock

Sale

1,024

43.8884 USD

common stock

Sale

1,010

43.8334 USD

common stock

Sale

700

44.1814 USD

common stock

Sale

670

43.8984 USD

common stock

Sale

650

44.0900 USD

common stock

Sale

637

43.9964 USD

common stock

Sale

624

44.1402 USD

common stock

Sale

608

43.9671 USD

common stock

Sale

546

43.8392 USD

common stock

Sale

520

43.7796 USD

common stock

Sale

409

43.8433 USD

common stock

Sale

350

44.0685 USD

common stock

Sale

328

43.8500 USD

common stock

Sale

301

43.8400 USD

common stock

Sale

225

43.8330 USD

common stock

Sale

219

44.2182 USD

common stock

Sale

216

43.9500 USD

common stock

Sale

200

43.8000 USD

common stock

Sale

200

43.8600 USD

common stock

Sale

126

43.8361 USD

common stock

Sale

116

43.6800 USD

common stock

Sale

114

44.1368 USD

common stock

Sale

100

44.1050 USD

common stock

Sale

100

44.0650 USD

common stock

Sale

100

43.9550 USD

common stock

Sale

100

44.1300 USD

common stock

Sale

77

44.0500 USD

common stock

Sale

53

44.1689 USD

common stock

Sale

46

43.9600 USD

common stock

Sale

25

44.2200 USD

common stock

Sale

2

43.7300 USD

common stock

Sale

1

44.0950 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

2,300

38.0000 USD

American

17 Jan 2025

7.9017 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:

16 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213