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:

09 Sep 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:

32,695,105

2.37%

28,499,226

2.06%

(2)

Cash-settled derivatives:

and/or controlled:

11,029,297

0.80%

32,273,369

2.34%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

43,724,402

3.17%

60,772,595

4.40%

(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

1,247,878

4.4979 GBP

10p ordinary

Purchase

125,142

4.5063 GBP

10p ordinary

Purchase

81,345

4.5773 GBP

10p ordinary

Purchase

65,241

4.5800 GBP

10p ordinary

Purchase

57,316

4.5623 GBP

10p ordinary

Purchase

53,390

4.5711 GBP

10p ordinary

Purchase

49,350

4.5267 GBP

10p ordinary

Purchase

36,085

4.5482 GBP

10p ordinary

Purchase

30,265

4.5741 GBP

10p ordinary

Purchase

22,165

4.5466 GBP

10p ordinary

Purchase

20,526

4.5216 GBP

10p ordinary

Purchase

17,363

4.5608 GBP

10p ordinary

Purchase

13,372

4.5191 GBP

10p ordinary

Purchase

10,217

4.5690 GBP

10p ordinary

Purchase

9,549

4.5182 GBP

10p ordinary

Purchase

6,397

4.4941 GBP

10p ordinary

Purchase

3,187

4.4964 GBP

10p ordinary

Purchase

3,181

4.5234 GBP

10p ordinary

Purchase

2,956

4.5193 GBP

10p ordinary

Purchase

2,592

4.5139 GBP

10p ordinary

Purchase

2,184

4.5653 GBP

10p ordinary

Purchase

1,959

4.5652 GBP

10p ordinary

Purchase

1,382

4.5560 GBP

10p ordinary

Purchase

1,301

4.4967 GBP

10p ordinary

Purchase

742

4.5044 GBP

10p ordinary

Purchase

712

4.5160 GBP

10p ordinary

Purchase

681

4.4900 GBP

10p ordinary

Purchase

554

4.4980 GBP

10p ordinary

Purchase

532

4.5100 GBP

10p ordinary

Purchase

484

4.5710 GBP

10p ordinary

Purchase

339

4.5200 GBP

10p ordinary

Sale

904,742

4.4987 GBP

10p ordinary

Sale

121,841

4.5008 GBP

10p ordinary

Sale

115,869

4.5654 GBP

10p ordinary

Sale

114,233

4.5009 GBP

10p ordinary

Sale

101,911

4.5800 GBP

10p ordinary

Sale

81,128

4.5000 GBP

10p ordinary

Sale

72,297

4.5037 GBP

10p ordinary

Sale

55,537

4.5802 GBP

10p ordinary

Sale

54,410

4.4926 GBP

10p ordinary

Sale

49,824

4.5028 GBP

10p ordinary

Sale

42,279

4.5700 GBP

10p ordinary

Sale

27,083

4.5618 GBP

10p ordinary

Sale

19,297

4.4955 GBP

10p ordinary

Sale

18,167

4.5100 GBP

10p ordinary

Sale

9,592

4.5507 GBP

10p ordinary

Sale

8,799

4.5677 GBP

10p ordinary

Sale

6,321

4.5794 GBP

10p ordinary

Sale

4,790

4.5704 GBP

10p ordinary

Sale

4,602

4.5340 GBP

10p ordinary

Sale

4,029

4.5489 GBP

10p ordinary

Sale

3,644

4.4960 GBP

10p ordinary

Sale

3,629

4.4920 GBP

10p ordinary

Sale

2,259

4.5150 GBP

10p ordinary

Sale

1,288

4.5010 GBP

10p ordinary

Sale

704

4.4950 GBP

10p ordinary

Sale

3

4.5613 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

Increasing Short

16,537

4.5505 GBP

10p ordinary

SWAP

Decreasing Short

937

4.4960 GBP

10p ordinary

SWAP

Decreasing Short

72,297

4.5037 GBP

10p ordinary

SWAP

Decreasing Short

2,259

4.5150 GBP

10p ordinary

SWAP

Decreasing Short

4,029

4.5489 GBP

10p ordinary

SWAP

Decreasing Short

27,083

4.5617 GBP

10p ordinary

SWAP

Decreasing Short

84,701

4.5800 GBP

10p ordinary

SWAP

Increasing Short

742

4.5044 GBP

10p ordinary

SWAP

Increasing Short

49,350

4.5267 GBP

10p ordinary

SWAP

Increasing Short

19,253

4.5346 GBP

10p ordinary

SWAP

Increasing Short

11,800

4.5392 GBP

10p ordinary

SWAP

Increasing Short

36,085

4.5482 GBP

10p ordinary

SWAP

Increasing Short

17,363

4.5608 GBP

10p ordinary

SWAP

Increasing Short

2,888

4.5642 GBP

10p ordinary

SWAP

Increasing Short

2,184

4.5653 GBP

10p ordinary

SWAP

Increasing Short

30,265

4.5741 GBP

10p ordinary

CFD

Decreasing Short

1,137

4.4957 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:

10 Sep 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213