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 May 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:

647,700

0.19%

784,004

0.23%

(2)

Cash-settled derivatives:

and/or controlled:

464,647

0.13%

100,125

0.03%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,112,347

0.32%

884,129

0.25%

(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

340,451

39.1521 USD

common stock

Purchase

92,847

39.0718 USD

common stock

Purchase

41,932

38.9033 USD

common stock

Purchase

28,789

38.6611 USD

common stock

Purchase

19,800

38.8054 USD

common stock

Purchase

17,439

38.9042 USD

common stock

Purchase

16,884

39.1096 USD

common stock

Purchase

16,471

38.9949 USD

common stock

Purchase

13,162

38.9731 USD

common stock

Purchase

12,524

38.9603 USD

common stock

Purchase

12,331

39.2800 USD

common stock

Purchase

7,814

38.9454 USD

common stock

Purchase

7,102

39.2590 USD

common stock

Purchase

6,012

38.8150 USD

common stock

Purchase

5,726

38.8253 USD

common stock

Purchase

5,071

39.0371 USD

common stock

Purchase

4,694

39.0154 USD

common stock

Purchase

3,895

39.0450 USD

common stock

Purchase

3,380

38.9339 USD

common stock

Purchase

3,193

39.2268 USD

common stock

Purchase

3,092

38.8219 USD

common stock

Purchase

2,829

38.8234 USD

common stock

Purchase

2,640

39.2155 USD

common stock

Purchase

2,599

38.7717 USD

common stock

Purchase

2,303

39.0603 USD

common stock

Purchase

1,719

38.7817 USD

common stock

Purchase

1,266

39.0994 USD

common stock

Purchase

1,024

39.1285 USD

common stock

Purchase

919

38.8351 USD

common stock

Purchase

760

38.8958 USD

common stock

Purchase

751

38.9407 USD

common stock

Purchase

519

39.2678 USD

common stock

Purchase

490

39.1036 USD

common stock

Purchase

412

38.7953 USD

common stock

Purchase

340

38.7750 USD

common stock

Purchase

315

39.0049 USD

common stock

Purchase

290

39.2362 USD

common stock

Purchase

274

39.1975 USD

common stock

Purchase

239

38.9941 USD

common stock

Purchase

200

38.8100 USD

common stock

Purchase

200

38.4200 USD

common stock

Purchase

200

39.1900 USD

common stock

Purchase

156

38.9800 USD

common stock

Purchase

137

38.9770 USD

common stock

Purchase

115

38.9560 USD

common stock

Purchase

112

38.7507 USD

common stock

Purchase

100

38.7200 USD

common stock

Purchase

100

38.7475 USD

common stock

Purchase

100

39.3200 USD

common stock

Purchase

96

35.3784 EUR

common stock

Purchase

78

38.7408 USD

common stock

Purchase

60

39.2100 USD

common stock

Purchase

34

38.7508 USD

common stock

Purchase

24

38.2867 USD

common stock

Purchase

20

38.6400 USD

common stock

Purchase

16

38.7700 USD

common stock

Purchase

11

38.9700 USD

common stock

Sale

213,451

39.2200 USD

common stock

Sale

159,706

39.0054 USD

common stock

Sale

77,771

39.0539 USD

common stock

Sale

33,789

38.7526 USD

common stock

Sale

22,827

39.1792 USD

common stock

Sale

21,601

38.4556 USD

common stock

Sale

19,800

38.8054 USD

common stock

Sale

18,369

39.2800 USD

common stock

Sale

17,595

39.0250 USD

common stock

Sale

15,502

38.7901 USD

common stock

Sale

14,119

38.9908 USD

common stock

Sale

13,396

39.2354 USD

common stock

Sale

12,679

38.9800 USD

common stock

Sale

11,645

38.9607 USD

common stock

Sale

8,206

39.0183 USD

common stock

Sale

7,623

39.2461 USD

common stock

Sale

7,287

38.7324 USD

common stock

Sale

6,547

38.9820 USD

common stock

Sale

6,524

38.7807 USD

common stock

Sale

6,017

38.9133 USD

common stock

Sale

2,800

38.6420 USD

common stock

Sale

2,604

39.1826 USD

common stock

Sale

2,115

39.0556 USD

common stock

Sale

1,707

39.0595 USD

common stock

Sale

1,443

38.4932 USD

common stock

Sale

1,052

38.8483 USD

common stock

Sale

1,041

38.8657 USD

common stock

Sale

722

38.8808 USD

common stock

Sale

680

38.7750 USD

common stock

Sale

639

38.7646 USD

common stock

Sale

615

39.0098 USD

common stock

Sale

597

39.0510 USD

common stock

Sale

519

39.2678 USD

common stock

Sale

412

38.7953 USD

common stock

Sale

405

38.7574 USD

common stock

Sale

315

39.0049 USD

common stock

Sale

290

38.8479 USD

common stock

Sale

274

39.1975 USD

common stock

Sale

239

38.9941 USD

common stock

Sale

230

38.7860 USD

common stock

Sale

200

38.8100 USD

common stock

Sale

200

38.8550 USD

common stock

Sale

100

38.7475 USD

common stock

Sale

100

38.9100 USD

common stock

Sale

96

35.3784 EUR

common stock

Sale

70

39.2313 USD

common stock

Sale

60

39.2100 USD

common stock

Sale

42

38.8066 USD

common stock

Sale

38

39.1800 USD

common stock

Sale

20

38.6400 USD

common stock

Sale

9

38.3100 USD

common stock

Sale

7

39.3000 USD

common stock

Sale

4

38.5200 USD

common stock

Sale

3

38.8300 USD

common stock

Sale

3

38.3500 USD

common stock

Sale

1

38.2600 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

90,000

USD

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:

09 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213