Form 8.3 - Smith (DS) plc

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

DS SMITH PLC

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:

15 Nov 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?

INTERNATIONAL PAPER COMPANY

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:

10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

27,452,759

1.98%

23,444,242

1.69%

(2)

Cash-settled derivatives:

and/or controlled:

12,302,691

0.89%

26,182,991

1.90%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

39,755,450

2.87%

49,627,233

3.59%

(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

10p ordinary

Purchase

350,404

5.6227 GBP

10p ordinary

Purchase

103,875

5.6650 GBP

10p ordinary

Purchase

63,236

5.6312 GBP

10p ordinary

Purchase

57,393

5.6050 GBP

10p ordinary

Purchase

48,256

5.6415 GBP

10p ordinary

Purchase

40,204

5.6321 GBP

10p ordinary

Purchase

27,455

5.6407 GBP

10p ordinary

Purchase

23,347

5.6400 GBP

10p ordinary

Purchase

10,147

5.6368 GBP

10p ordinary

Purchase

7,883

5.6336 GBP

10p ordinary

Purchase

6,718

5.6367 GBP

10p ordinary

Purchase

5,919

5.6124 GBP

10p ordinary

Purchase

4,789

5.6670 GBP

10p ordinary

Purchase

4,054

5.6600 GBP

10p ordinary

Purchase

3,844

5.6647 GBP

10p ordinary

Purchase

2,147

5.6550 GBP

10p ordinary

Purchase

1,500

5.6025 GBP

10p ordinary

Purchase

582

5.6425 GBP

10p ordinary

Purchase

556

5.6750 GBP

10p ordinary

Purchase

541

5.6525 GBP

10p ordinary

Purchase

526

5.6771 GBP

10p ordinary

Sale

213,681

5.6429 GBP

10p ordinary

Sale

63,236

5.6312 GBP

10p ordinary

Sale

50,742

5.6324 GBP

10p ordinary

Sale

28,417

5.6554 GBP

10p ordinary

Sale

25,439

5.6454 GBP

10p ordinary

Sale

21,468

5.6398 GBP

10p ordinary

Sale

16,239

5.6626 GBP

10p ordinary

Sale

15,182

5.6382 GBP

10p ordinary

Sale

13,830

5.6354 GBP

10p ordinary

Sale

13,692

5.6355 GBP

10p ordinary

Sale

12,112

5.6614 GBP

10p ordinary

Sale

8,831

5.6640 GBP

10p ordinary

Sale

5,256

5.6501 GBP

10p ordinary

Sale

5,234

5.6400 GBP

10p ordinary

Sale

4,453

5.6149 GBP

10p ordinary

Sale

4,326

5.6193 GBP

10p ordinary

Sale

3,402

5.6618 GBP

10p ordinary

Sale

3,289

5.6498 GBP

10p ordinary

Sale

2,711

5.6565 GBP

10p ordinary

Sale

2,631

5.6575 GBP

10p ordinary

Sale

2,352

5.6566 GBP

10p ordinary

Sale

2,321

5.6651 GBP

10p ordinary

Sale

1,670

5.6606 GBP

10p ordinary

Sale

1,658

5.6384 GBP

10p ordinary

Sale

1,451

5.6599 GBP

10p ordinary

Sale

1,426

5.6650 GBP

10p ordinary

Sale

1,293

5.6491 GBP

10p ordinary

Sale

1,166

5.6213 GBP

10p ordinary

Sale

1,125

5.5914 GBP

10p ordinary

Sale

1,006

5.6750 GBP

10p ordinary

Sale

956

5.6583 GBP

10p ordinary

Sale

613

5.6430 GBP

10p ordinary

Sale

489

5.5700 GBP

10p ordinary

Sale

473

5.6500 GBP

10p ordinary

Sale

13

5.6530 GBP

10p ordinary

Sale

1

5.6800 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

10p ordinary

SWAP

Decreasing Short

26,961

5.6355 GBP

10p ordinary

SWAP

Decreasing Short

1,125

5.5914 GBP

10p ordinary

SWAP

Decreasing Short

50,742

5.6324 GBP

10p ordinary

SWAP

Decreasing Short

7,630

5.6332 GBP

10p ordinary

SWAP

Decreasing Short

21,463

5.6352 GBP

10p ordinary

SWAP

Decreasing Short

6,012

5.6400 GBP

10p ordinary

SWAP

Decreasing Short

206,964

5.6432 GBP

10p ordinary

SWAP

Decreasing Short

17,022

5.6454 GBP

10p ordinary

SWAP

Decreasing Short

1,293

5.6491 GBP

10p ordinary

SWAP

Decreasing Short

28,417

5.6554 GBP

10p ordinary

SWAP

Increasing Short

94,634

5.5912 GBP

10p ordinary

SWAP

Increasing Short

3,896

5.6223 GBP

10p ordinary

SWAP

Increasing Short

40,204

5.6321 GBP

10p ordinary

SWAP

Increasing Short

105,372

5.6322 GBP

10p ordinary

SWAP

Increasing Short

7,883

5.6336 GBP

10p ordinary

SWAP

Increasing Short

24,958

5.6351 GBP

10p ordinary

SWAP

Increasing Short

10,147

5.6368 GBP

10p ordinary

SWAP

Increasing Short

109,360

5.6400 GBP

10p ordinary

SWAP

Increasing Short

41,747

5.6402 GBP

10p ordinary

SWAP

Increasing Short

2,718

5.6411 USD

10p ordinary

SWAP

Increasing Short

582

5.6425 GBP

10p ordinary

CFD

Decreasing Short

705

5.5746 GBP

10p ordinary

CFD

Decreasing Short

1,363

5.6400 GBP

10p ordinary

CFD

Decreasing Short

50,000

5.6591 GBP

10p ordinary

CFD

Increasing Short

63,236

5.6312 GBP

10p ordinary

CFD

Increasing Short

1,363

5.6400 GBP

(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:

18 Nov 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213