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:

08 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:

806,672

0.23%

497,016

0.14%

(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:

975,334

0.28%

521,716

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

60,218

44.5900 USD

common stock

Purchase

52,197

44.8243 USD

common stock

Purchase

25,385

44.8324 USD

common stock

Purchase

25,168

44.8389 USD

common stock

Purchase

16,907

44.7856 USD

common stock

Purchase

10,087

44.7575 USD

common stock

Purchase

9,360

44.7972 USD

common stock

Purchase

7,508

44.8398 USD

common stock

Purchase

5,490

44.8500 USD

common stock

Purchase

4,304

44.6581 USD

common stock

Purchase

4,203

44.8360 USD

common stock

Purchase

3,369

44.8509 USD

common stock

Purchase

3,339

44.7333 USD

common stock

Purchase

3,326

44.7662 USD

common stock

Purchase

2,497

44.8081 USD

common stock

Purchase

2,444

44.8167 USD

common stock

Purchase

2,200

44.8400 USD

common stock

Purchase

2,145

44.8506 USD

common stock

Purchase

1,640

44.7631 USD

common stock

Purchase

1,557

44.8459 USD

common stock

Purchase

1,552

44.8333 USD

common stock

Purchase

1,455

44.9071 USD

common stock

Purchase

1,150

44.7977 USD

common stock

Purchase

1,110

44.8472 USD

common stock

Purchase

1,001

44.8536 USD

common stock

Purchase

871

44.8088 USD

common stock

Purchase

800

44.9539 USD

common stock

Purchase

508

44.7489 USD

common stock

Purchase

472

44.8133 USD

common stock

Purchase

468

44.7381 USD

common stock

Purchase

408

44.9608 USD

common stock

Purchase

396

44.9213 USD

common stock

Purchase

393

44.8014 USD

common stock

Purchase

300

44.9233 USD

common stock

Purchase

257

44.8600 USD

common stock

Purchase

200

44.8750 USD

common stock

Purchase

200

44.8300 USD

common stock

Purchase

167

44.9128 USD

common stock

Purchase

96

44.9150 USD

common stock

Purchase

87

44.9642 USD

common stock

Purchase

48

44.8197 USD

common stock

Purchase

44

44.6325 USD

common stock

Purchase

42

44.8166 USD

common stock

Purchase

30

44.8150 USD

common stock

Purchase

15

44.8200 USD

common stock

Purchase

4

43.8500 USD

common stock

Sale

44,516

44.8081 USD

common stock

Sale

38,055

44.8269 USD

common stock

Sale

30,109

44.5900 USD

common stock

Sale

22,297

44.8200 USD

common stock

Sale

14,779

44.7926 USD

common stock

Sale

11,309

44.6302 USD

common stock

Sale

11,225

44.8500 USD

common stock

Sale

10,444

44.8250 USD

common stock

Sale

7,508

44.8398 USD

common stock

Sale

7,168

44.7616 USD

common stock

Sale

6,505

44.8703 USD

common stock

Sale

5,314

44.7397 USD

common stock

Sale

4,169

44.6498 USD

common stock

Sale

3,715

44.8751 USD

common stock

Sale

3,369

44.8509 USD

common stock

Sale

3,299

44.7703 USD

common stock

Sale

3,293

44.6192 USD

common stock

Sale

3,100

44.8674 USD

common stock

Sale

2,519

44.5951 USD

common stock

Sale

2,322

44.6258 USD

common stock

Sale

2,200

44.8400 USD

common stock

Sale

2,080

44.7845 USD

common stock

Sale

1,967

44.5888 USD

common stock

Sale

1,896

44.7818 USD

common stock

Sale

1,400

44.5892 USD

common stock

Sale

1,350

44.7935 USD

common stock

Sale

1,300

44.6053 USD

common stock

Sale

1,055

44.8907 USD

common stock

Sale

944

44.7885 USD

common stock

Sale

826

44.4800 USD

common stock

Sale

822

44.8660 USD

common stock

Sale

800

44.9539 USD

common stock

Sale

792

44.9213 USD

common stock

Sale

607

44.6198 USD

common stock

Sale

535

44.7131 USD

common stock

Sale

508

44.7489 USD

common stock

Sale

501

44.8853 USD

common stock

Sale

500

44.5980 USD

common stock

Sale

491

44.6514 USD

common stock

Sale

468

44.7381 USD

common stock

Sale

429

44.7030 USD

common stock

Sale

408

44.9608 USD

common stock

Sale

374

44.7816 USD

common stock

Sale

300

44.6366 USD

common stock

Sale

300

44.6700 USD

common stock

Sale

277

44.9490 USD

common stock

Sale

225

44.6177 USD

common stock

Sale

200

44.9000 USD

common stock

Sale

200

44.9050 USD

common stock

Sale

135

44.9150 USD

common stock

Sale

121

44.9534 USD

common stock

Sale

102

44.9500 USD

common stock

Sale

100

44.6100 USD

common stock

Sale

100

44.6900 USD

common stock

Sale

92

44.6200 USD

common stock

Sale

87

44.9642 USD

common stock

Sale

44

44.6325 USD

common stock

Sale

6

44.6000 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:

09 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: