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:

10 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:

858,393

0.25%

422,450

0.12%

(2)

Cash-settled derivatives:

and/or controlled:

129,925

0.04%

40,050

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

988,318

0.28%

462,500

0.13%

(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

113,738

44.7714 USD

common stock

Purchase

102,818

44.8049 USD

common stock

Purchase

62,961

44.6651 USD

common stock

Purchase

53,238

44.7946 USD

common stock

Purchase

52,957

44.7225 USD

common stock

Purchase

42,655

44.7025 USD

common stock

Purchase

28,755

44.5423 USD

common stock

Purchase

26,366

44.8299 USD

common stock

Purchase

19,275

44.6797 USD

common stock

Purchase

18,697

44.7900 USD

common stock

Purchase

11,115

44.6849 USD

common stock

Purchase

10,310

44.6654 USD

common stock

Purchase

9,676

44.6776 USD

common stock

Purchase

7,223

44.4627 USD

common stock

Purchase

5,169

44.7622 USD

common stock

Purchase

3,862

44.7232 USD

common stock

Purchase

3,404

44.5927 USD

common stock

Purchase

2,460

44.6615 USD

common stock

Purchase

2,200

44.4279 USD

common stock

Purchase

1,674

44.7331 USD

common stock

Purchase

1,608

44.7092 USD

common stock

Purchase

1,347

45.2496 USD

common stock

Purchase

844

44.4624 USD

common stock

Purchase

843

44.8535 USD

common stock

Purchase

843

44.7397 USD

common stock

Purchase

800

44.6325 USD

common stock

Purchase

650

44.7075 USD

common stock

Purchase

285

44.6875 USD

common stock

Purchase

271

44.8300 USD

common stock

Purchase

239

44.8665 USD

common stock

Purchase

208

44.4903 USD

common stock

Purchase

204

44.4931 USD

common stock

Purchase

196

42.1500 EUR

common stock

Purchase

101

44.6700 USD

common stock

Purchase

96

44.8093 USD

common stock

Purchase

60

44.5933 USD

common stock

Purchase

16

44.8100 USD

common stock

Purchase

5

44.7940 USD

common stock

Purchase

4

45.4000 USD

common stock

Purchase

1

44.8150 USD

common stock

Sale

196,350

44.7040 USD

common stock

Sale

61,723

44.8079 USD

common stock

Sale

59,549

44.8184 USD

common stock

Sale

47,423

44.7900 USD

common stock

Sale

39,300

44.6479 USD

common stock

Sale

36,806

44.6530 USD

common stock

Sale

34,539

44.7831 USD

common stock

Sale

22,680

44.7094 USD

common stock

Sale

12,458

44.7099 USD

common stock

Sale

11,536

44.7783 USD

common stock

Sale

9,246

44.7088 USD

common stock

Sale

6,605

44.9571 USD

common stock

Sale

6,118

44.6930 USD

common stock

Sale

4,244

44.8364 USD

common stock

Sale

3,920

44.7635 USD

common stock

Sale

3,200

44.6096 USD

common stock

Sale

3,181

44.7773 USD

common stock

Sale

3,020

44.7320 USD

common stock

Sale

2,460

44.6615 USD

common stock

Sale

2,065

44.6958 USD

common stock

Sale

1,714

44.8608 USD

common stock

Sale

1,544

44.6195 USD

common stock

Sale

1,478

44.7401 USD

common stock

Sale

1,256

44.7854 USD

common stock

Sale

1,173

44.8227 USD

common stock

Sale

1,083

44.7492 USD

common stock

Sale

871

44.8053 USD

common stock

Sale

700

44.8454 USD

common stock

Sale

673

44.8151 USD

common stock

Sale

668

44.5942 USD

common stock

Sale

595

44.7952 USD

common stock

Sale

543

44.8721 USD

common stock

Sale

350

44.5914 USD

common stock

Sale

297

44.6707 USD

common stock

Sale

290

44.6036 USD

common stock

Sale

271

44.8300 USD

common stock

Sale

250

44.6320 USD

common stock

Sale

250

44.5660 USD

common stock

Sale

245

44.8881 USD

common stock

Sale

239

44.8665 USD

common stock

Sale

207

44.9340 USD

common stock

Sale

199

44.7799 USD

common stock

Sale

196

42.1500 EUR

common stock

Sale

164

44.8208 USD

common stock

Sale

120

44.5958 USD

common stock

Sale

103

44.6712 USD

common stock

Sale

100

44.5600 USD

common stock

Sale

100

44.9000 USD

common stock

Sale

65

44.5300 USD

common stock

Sale

60

44.5933 USD

common stock

Sale

16

44.8100 USD

common stock

Sale

11

44.7800 USD

common stock

Sale

2

44.8150 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

13,400

USD

TBD

TBD

0.7000 USD

common stock

Call Options

Selling

4,900

USD

TBD

TBD

0.3644 USD

common stock

Call Options

Selling

1,000

USD

TBD

TBD

0.5500 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:

11 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213