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:

02 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:

928,120

0.27%

549,246

0.16%

(2)

Cash-settled derivatives:

and/or controlled:

316,369

0.09%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,244,489

0.36%

562,906

0.16%

(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

131,498

58.4208 USD

common stock

Purchase

103,309

58.4599 USD

common stock

Purchase

97,549

58.4600 USD

common stock

Purchase

37,435

58.2082 USD

common stock

Purchase

18,396

58.2799 USD

common stock

Purchase

16,585

58.0571 USD

common stock

Purchase

15,502

58.4500 USD

common stock

Purchase

10,296

58.3429 USD

common stock

Purchase

6,653

57.9064 USD

common stock

Purchase

5,031

58.2825 USD

common stock

Purchase

4,275

58.1005 USD

common stock

Purchase

4,267

58.0778 USD

common stock

Purchase

2,583

58.4591 USD

common stock

Purchase

2,011

58.4608 USD

common stock

Purchase

1,980

58.4518 USD

common stock

Purchase

1,808

57.9970 USD

common stock

Purchase

912

57.9846 USD

common stock

Purchase

578

58.3136 USD

common stock

Purchase

510

58.2284 USD

common stock

Purchase

367

57.9857 USD

common stock

Purchase

269

58.0170 USD

common stock

Purchase

237

58.1620 USD

common stock

Purchase

166

58.0427 USD

common stock

Purchase

135

58.3691 USD

common stock

Purchase

132

58.0608 USD

common stock

Purchase

116

57.7690 USD

common stock

Purchase

100

57.7225 USD

common stock

Purchase

45

58.1500 USD

common stock

Purchase

43

58.3062 USD

common stock

Purchase

25

57.8836 USD

common stock

Purchase

22

58.2400 USD

common stock

Purchase

20

58.1362 USD

common stock

Purchase

15

58.0933 USD

common stock

Purchase

15

58.2100 USD

common stock

Purchase

12

58.4479 USD

common stock

Sale

89,021

58.4600 USD

common stock

Sale

81,743

58.2792 USD

common stock

Sale

76,934

58.4599 USD

common stock

Sale

73,230

58.4616 USD

common stock

Sale

17,481

58.2906 USD

common stock

Sale

14,923

58.2684 USD

common stock

Sale

14,591

58.4651 USD

common stock

Sale

13,697

58.2703 USD

common stock

Sale

6,495

58.1419 USD

common stock

Sale

5,406

58.3220 USD

common stock

Sale

5,060

58.4152 USD

common stock

Sale

4,451

58.3458 USD

common stock

Sale

3,899

57.7622 USD

common stock

Sale

3,680

58.1262 USD

common stock

Sale

2,472

57.9968 USD

common stock

Sale

1,812

58.1440 USD

common stock

Sale

1,463

57.9553 USD

common stock

Sale

1,175

58.1487 USD

common stock

Sale

1,155

58.0145 USD

common stock

Sale

686

58.1012 USD

common stock

Sale

685

58.4219 USD

common stock

Sale

533

58.2393 USD

common stock

Sale

510

58.2284 USD

common stock

Sale

461

57.7100 USD

common stock

Sale

453

57.9783 USD

common stock

Sale

410

57.9985 USD

common stock

Sale

393

58.1381 USD

common stock

Sale

393

58.2681 USD

common stock

Sale

259

58.1500 USD

common stock

Sale

222

58.1400 USD

common stock

Sale

200

57.7475 USD

common stock

Sale

195

57.6569 USD

common stock

Sale

174

57.9500 USD

common stock

Sale

171

58.0402 USD

common stock

Sale

153

58.3379 USD

common stock

Sale

132

58.0608 USD

common stock

Sale

105

58.4400 USD

common stock

Sale

100

57.7225 USD

common stock

Sale

100

58.3105 USD

common stock

Sale

100

58.1600 USD

common stock

Sale

100

58.1000 USD

common stock

Sale

100

57.7000 USD

common stock

Sale

100

58.4387 USD

common stock

Sale

20

58.1362 USD

common stock

Sale

15

58.2666 USD

common stock

Sale

10

57.7200 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?

NO

Date of disclosure:

03 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213