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:

05 Aug 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:

818,136

0.24%

506,240

0.15%

(2)

Cash-settled derivatives:

and/or controlled:

168,662

0.05%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

24,700

0.01%

TOTAL:

986,798

0.28%

530,940

0.15%

(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

218,282

44.3305 USD

common stock

Purchase

129,976

44.3538 USD

common stock

Purchase

68,634

44.4300 USD

common stock

Purchase

38,031

44.2536 USD

common stock

Purchase

31,491

44.1347 USD

common stock

Purchase

24,263

43.8946 USD

common stock

Purchase

24,150

44.1570 USD

common stock

Purchase

14,674

44.3531 USD

common stock

Purchase

13,764

44.2344 USD

common stock

Purchase

13,226

44.2888 USD

common stock

Purchase

11,571

44.2390 USD

common stock

Purchase

8,292

44.2643 USD

common stock

Purchase

4,137

44.2226 USD

common stock

Purchase

4,100

44.3600 USD

common stock

Purchase

3,530

44.2596 USD

common stock

Purchase

3,168

44.3774 USD

common stock

Purchase

1,726

44.3570 USD

common stock

Purchase

1,692

44.2977 USD

common stock

Purchase

1,473

43.9842 USD

common stock

Purchase

1,402

44.2263 USD

common stock

Purchase

1,351

44.3354 USD

common stock

Purchase

762

44.2371 USD

common stock

Purchase

708

44.2798 USD

common stock

Purchase

708

44.1093 USD

common stock

Purchase

408

44.0220 USD

common stock

Purchase

396

44.3008 USD

common stock

Purchase

300

44.3500 USD

common stock

Purchase

271

44.4178 USD

common stock

Purchase

201

44.3701 USD

common stock

Purchase

200

44.3800 USD

common stock

Purchase

200

44.1650 USD

common stock

Purchase

200

44.2850 USD

common stock

Purchase

63

40.2200 EUR

common stock

Purchase

50

39.6700 EUR

common stock

Purchase

39

44.4100 USD

common stock

Purchase

13

44.6462 USD

common stock

Purchase

7

44.4414 USD

common stock

Purchase

4

43.9100 USD

common stock

Purchase

1

44.2609 USD

common stock

Sale

179,181

44.3298 USD

common stock

Sale

136,843

44.3746 USD

common stock

Sale

63,936

44.4300 USD

common stock

Sale

38,538

44.2813 USD

common stock

Sale

24,243

44.1058 USD

common stock

Sale

23,760

44.3106 USD

common stock

Sale

16,875

44.2676 USD

common stock

Sale

16,145

44.0931 USD

common stock

Sale

14,387

43.9024 USD

common stock

Sale

13,226

44.2888 USD

common stock

Sale

8,859

44.2626 USD

common stock

Sale

8,472

44.2497 USD

common stock

Sale

8,292

44.2643 USD

common stock

Sale

5,331

44.2402 USD

common stock

Sale

4,700

44.1666 USD

common stock

Sale

4,536

44.4022 USD

common stock

Sale

4,463

43.8867 USD

common stock

Sale

4,173

44.2606 USD

common stock

Sale

4,100

44.3600 USD

common stock

Sale

4,058

44.1995 USD

common stock

Sale

3,227

44.1904 USD

common stock

Sale

3,168

44.3774 USD

common stock

Sale

3,002

44.2433 USD

common stock

Sale

2,963

44.1395 USD

common stock

Sale

2,846

44.2377 USD

common stock

Sale

2,432

44.1847 USD

common stock

Sale

2,368

44.1104 USD

common stock

Sale

2,332

43.8948 USD

common stock

Sale

2,008

44.0088 USD

common stock

Sale

1,692

44.2977 USD

common stock

Sale

1,479

43.8725 USD

common stock

Sale

937

44.2302 USD

common stock

Sale

919

44.3203 USD

common stock

Sale

887

43.8724 USD

common stock

Sale

779

44.3459 USD

common stock

Sale

708

44.1093 USD

common stock

Sale

677

44.2240 USD

common stock

Sale

618

44.2665 USD

common stock

Sale

600

44.0550 USD

common stock

Sale

568

43.9819 USD

common stock

Sale

555

44.2339 USD

common stock

Sale

449

44.1807 USD

common stock

Sale

409

43.9920 USD

common stock

Sale

400

44.2654 USD

common stock

Sale

400

44.1650 USD

common stock

Sale

351

44.2961 USD

common stock

Sale

340

44.0927 USD

common stock

Sale

313

43.8595 USD

common stock

Sale

300

44.4317 USD

common stock

Sale

300

43.8666 USD

common stock

Sale

300

44.2533 USD

common stock

Sale

291

44.3497 USD

common stock

Sale

271

44.0102 USD

common stock

Sale

201

43.8599 USD

common stock

Sale

200

44.0600 USD

common stock

Sale

195

44.3141 USD

common stock

Sale

170

44.3376 USD

common stock

Sale

125

44.2500 USD

common stock

Sale

110

44.2918 USD

common stock

Sale

108

44.2168 USD

common stock

Sale

100

44.1800 USD

common stock

Sale

100

43.8650 USD

common stock

Sale

100

43.8900 USD

common stock

Sale

100

43.9200 USD

common stock

Sale

100

44.0800 USD

common stock

Sale

100

44.0300 USD

common stock

Sale

100

43.8300 USD

common stock

Sale

100

43.9600 USD

common stock

Sale

65

44.3023 USD

common stock

Sale

63

40.2200 EUR

common stock

Sale

50

39.6700 EUR

common stock

Sale

45

44.3375 USD

common stock

Sale

45

44.2622 USD

common stock

Sale

40

44.2975 USD

common stock

Sale

24

44.4783 USD

common stock

Sale

15

44.3300 USD

common stock

Sale

10

44.1950 USD

common stock

Sale

5

44.2450 USD

common stock

Sale

5

44.2700 USD

common stock

Sale

5

44.3400 USD

common stock

Sale

5

43.8700 USD

common stock

Sale

1

43.8600 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?

YES

Date of disclosure:

06 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO

PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.

KEY INFORMATION

Identity of the person whose positions/dealings

Barclays PLC.

are being disclosed:

Name of offeror/offeree in relation to whose

INTERNATIONAL PAPER CO

relevant securities this from relates:

2.

OPTIONS AND DERIVATIVES

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

common stock

Put Options

Purchased

-24,700

43.0000

American

16 Aug 2024

3.

AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood: