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:

28 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:

32,713,038

2.37%

23,138,499

1.68%

(2)

Cash-settled derivatives:

and/or controlled:

11,982,866

0.87%

31,638,542

2.29%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

44,695,904

3.24%

54,777,041

3.97%

(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

104,472

5.8269 GBP

10p ordinary

Purchase

73,727

5.8300 GBP

10p ordinary

Purchase

61,176

5.8270 GBP

10p ordinary

Purchase

52,800

5.8257 GBP

10p ordinary

Purchase

28,834

5.8295 GBP

10p ordinary

Purchase

24,811

5.8154 GBP

10p ordinary

Purchase

22,480

5.8233 GBP

10p ordinary

Purchase

9,435

5.8293 GBP

10p ordinary

Purchase

4,788

5.8253 GBP

10p ordinary

Purchase

3,020

5.8376 GBP

10p ordinary

Purchase

2,599

5.8091 GBP

10p ordinary

Purchase

2,207

5.7900 GBP

10p ordinary

Purchase

2,098

5.8187 GBP

10p ordinary

Purchase

1,988

5.8329 GBP

10p ordinary

Purchase

1,745

5.7917 GBP

10p ordinary

Purchase

1,727

5.8304 GBP

10p ordinary

Purchase

1,101

5.8355 GBP

10p ordinary

Purchase

984

5.8250 GBP

10p ordinary

Purchase

522

5.8350 GBP

10p ordinary

Purchase

470

5.8325 GBP

10p ordinary

Purchase

417

5.7850 GBP

10p ordinary

Purchase

225

5.8225 GBP

10p ordinary

Purchase

139

5.7825 GBP

10p ordinary

Purchase

32

5.7750 GBP

10p ordinary

Sale

86,534

5.8300 GBP

10p ordinary

Sale

17,624

5.8294 GBP

10p ordinary

Sale

8,604

5.8399 GBP

10p ordinary

Sale

8,390

5.8269 GBP

10p ordinary

Sale

5,000

5.8015 GBP

10p ordinary

Sale

3,891

5.8069 GBP

10p ordinary

Sale

3,859

5.8365 GBP

10p ordinary

Sale

3,020

5.8382 GBP

10p ordinary

Sale

2,302

5.8238 GBP

10p ordinary

Sale

2,265

5.8286 GBP

10p ordinary

Sale

2,241

5.8292 GBP

10p ordinary

Sale

2,158

5.8241 GBP

10p ordinary

Sale

1,096

5.8374 GBP

10p ordinary

Sale

741

5.7767 GBP

10p ordinary

Sale

619

5.7936 GBP

10p ordinary

Sale

522

5.8355 GBP

10p ordinary

Sale

370

5.7850 GBP

10p ordinary

Sale

107

5.7900 GBP

10p ordinary

Sale

92

5.8400 GBP

10p ordinary

Sale

38

5.8250 GBP

10p ordinary

Sale

32

5.7750 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

3,891

5.8069 GBP

10p ordinary

SWAP

Decreasing Short

2,158

5.8241 GBP

10p ordinary

SWAP

Decreasing Short

2,656

5.8300 GBP

10p ordinary

SWAP

Decreasing Short

1,096

5.8374 GBP

10p ordinary

SWAP

Increasing Short

24,811

5.8154 GBP

10p ordinary

SWAP

Increasing Short

5,167

5.8213 GBP

10p ordinary

SWAP

Increasing Short

22,480

5.8233 GBP

10p ordinary

SWAP

Increasing Short

52,800

5.8256 GBP

10p ordinary

SWAP

Increasing Short

61,176

5.8269 GBP

10p ordinary

SWAP

Increasing Short

915

5.8293 GBP

10p ordinary

SWAP

Increasing Short

2,503

5.8295 GBP

10p ordinary

SWAP

Increasing Short

34,201

5.8303 GBP

10p ordinary

SWAP

Increasing Short

4,626

5.8304 GBP

10p ordinary

SWAP

Increasing Short

9,242

5.8307 GBP

10p ordinary

SWAP

Increasing Short

330,000

5.9422 USD

10p ordinary

CFD

Decreasing Short

147

5.8300 GBP

10p ordinary

CFD

Increasing Short

46,795

5.8300 GBP

10p ordinary

CFD

Increasing Short

1,373

5.8333 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:

29 Nov 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213