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:

26 Jun 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:

22,468,257

1.63%

22,692,415

1.64%

(2)

Cash-settled derivatives:

and/or controlled:

9,950,462

0.72%

21,665,122

1.57%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

32,418,719

2.35%

44,357,537

3.22%

(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

1,446,693

3.7380 GBP

10p ordinary

Purchase

246,804

3.6840 GBP

10p ordinary

Purchase

82,941

3.6901 GBP

10p ordinary

Purchase

26,522

3.6875 GBP

10p ordinary

Purchase

25,793

3.7264 GBP

10p ordinary

Purchase

22,023

3.6849 GBP

10p ordinary

Purchase

16,330

3.6851 GBP

10p ordinary

Purchase

15,348

3.6829 GBP

10p ordinary

Purchase

10,000

3.6707 GBP

10p ordinary

Purchase

7,594

3.6790 GBP

10p ordinary

Purchase

5,701

3.6870 GBP

10p ordinary

Purchase

4,176

3.6880 GBP

10p ordinary

Purchase

3,433

3.6904 GBP

10p ordinary

Purchase

3,214

3.6868 GBP

10p ordinary

Purchase

2,490

3.6940 GBP

10p ordinary

Purchase

1,678

3.6854 GBP

10p ordinary

Purchase

1,309

3.6910 GBP

10p ordinary

Purchase

1,281

3.6860 GBP

10p ordinary

Purchase

1,026

3.6838 GBP

10p ordinary

Purchase

835

3.6900 GBP

10p ordinary

Purchase

775

3.6800 GBP

10p ordinary

Purchase

767

3.6920 GBP

10p ordinary

Purchase

112

3.6740 GBP

10p ordinary

Purchase

109

3.6836 GBP

10p ordinary

Sale

446,154

3.6849 GBP

10p ordinary

Sale

190,008

3.6844 GBP

10p ordinary

Sale

160,870

3.7080 GBP

10p ordinary

Sale

104,162

3.6841 GBP

10p ordinary

Sale

58,668

3.6840 GBP

10p ordinary

Sale

40,176

3.6845 GBP

10p ordinary

Sale

39,219

3.6857 GBP

10p ordinary

Sale

28,045

3.6834 GBP

10p ordinary

Sale

18,787

3.6838 GBP

10p ordinary

Sale

7,594

3.6790 GBP

10p ordinary

Sale

6,572

3.6851 GBP

10p ordinary

Sale

6,283

3.6881 GBP

10p ordinary

Sale

3,604

3.6870 GBP

10p ordinary

Sale

3,598

3.6883 GBP

10p ordinary

Sale

3,482

3.6877 GBP

10p ordinary

Sale

2,490

3.6940 GBP

10p ordinary

Sale

2,461

3.7380 GBP

10p ordinary

Sale

2,403

3.6837 GBP

10p ordinary

Sale

2,385

3.6880 GBP

10p ordinary

Sale

2,254

3.6833 GBP

10p ordinary

Sale

1,678

3.6858 GBP

10p ordinary

Sale

1,007

3.6850 GBP

10p ordinary

Sale

700

3.6860 GBP

10p ordinary

Sale

234

3.6780 GBP

10p ordinary

Sale

186

3.6740 GBP

10p ordinary

Sale

5

3.6829 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

10p ordinary

CFD

Decreasing Long

3

3.6833 GBP

10p ordinary

SWAP

Decreasing Long

1,281

3.6860 GBP

10p ordinary

CFD

Decreasing Long

1,378

3.6840 GBP

10p ordinary

SWAP

Decreasing Long

3,214

3.6868 GBP

10p ordinary

SWAP

Decreasing Long

24,477

3.6977 GBP

10p ordinary

SWAP

Decreasing Long

25,793

3.7264 GBP

10p ordinary

CFD

Decreasing Long

32,736

3.6839 GBP

10p ordinary

SWAP

Decreasing Short

16,083

3.6838 GBP

10p ordinary

SWAP

Decreasing Short

19,364

3.6859 GBP

10p ordinary

SWAP

Decreasing Short

180,417

3.6840 GBP

10p ordinary

CFD

Increasing Long

1,378

3.6840 GBP

10p ordinary

SWAP

Increasing Long

2,254

3.6833 GBP

10p ordinary

SWAP

Increasing Long

2,403

3.6837 GBP

10p ordinary

CFD

Increasing Long

2,461

3.7380 GBP

10p ordinary

SWAP

Increasing Long

2,704

3.6838 GBP

10p ordinary

SWAP

Increasing Long

3,482

3.6877 GBP

10p ordinary

SWAP

Increasing Long

11,678

3.6848 GBP

10p ordinary

SWAP

Increasing Long

13,323

3.6828 GBP

10p ordinary

SWAP

Increasing Long

28,045

3.6834 GBP

10p ordinary

SWAP

Increasing Long

160,870

3.7080 GBP

10p ordinary

SWAP

Increasing Long

190,008

3.6844 GBP

10p ordinary

SWAP

Increasing Long

234,125

3.6840 GBP

10p ordinary

SWAP

Increasing Short

2,557

3.6846 GBP

10p ordinary

SWAP

Opening Short

8,536

3.6841 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:

27 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213