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 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?

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:

22,910,505

1.66%

19,153,787

1.39%

(2)

Cash-settled derivatives:

and/or controlled:

7,931,188

0.57%

20,408,225

1.48%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

30,841,693

2.24%

39,562,012

2.87%

(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

1,017,796

3.6340 GBP

10p ordinary

Purchase

712,897

3.6062 GBP

10p ordinary

Purchase

446,148

3.6303 GBP

10p ordinary

Purchase

435,500

3.6423 GBP

10p ordinary

Purchase

400,000

3.6682 GBP

10p ordinary

Purchase

320,197

3.6262 GBP

10p ordinary

Purchase

235,159

3.6004 GBP

10p ordinary

Purchase

156,613

3.6217 GBP

10p ordinary

Purchase

122,519

3.6000 GBP

10p ordinary

Purchase

93,945

3.6425 GBP

10p ordinary

Purchase

51,026

3.6541 GBP

10p ordinary

Purchase

45,519

3.6080 GBP

10p ordinary

Purchase

38,607

3.6690 GBP

10p ordinary

Purchase

20,334

3.6718 GBP

10p ordinary

Purchase

16,078

3.6737 GBP

10p ordinary

Purchase

15,392

3.6421 GBP

10p ordinary

Purchase

14,279

3.6712 GBP

10p ordinary

Purchase

11,999

3.6486 GBP

10p ordinary

Purchase

11,158

3.6388 GBP

10p ordinary

Purchase

10,153

3.6688 GBP

10p ordinary

Purchase

9,283

3.6218 GBP

10p ordinary

Purchase

7,985

3.6005 GBP

10p ordinary

Purchase

7,964

3.6401 GBP

10p ordinary

Purchase

7,363

3.6652 GBP

10p ordinary

Purchase

5,916

3.6719 GBP

10p ordinary

Purchase

4,799

3.6708 GBP

10p ordinary

Purchase

4,681

3.6538 GBP

10p ordinary

Purchase

4,000

3.5979 GBP

10p ordinary

Purchase

3,294

3.6648 GBP

10p ordinary

Purchase

2,975

3.6725 GBP

10p ordinary

Purchase

2,843

3.6240 GBP

10p ordinary

Purchase

2,734

3.6776 GBP

10p ordinary

Purchase

2,062

3.6700 GBP

10p ordinary

Purchase

2,057

3.6740 GBP

10p ordinary

Purchase

2,006

3.6400 GBP

10p ordinary

Purchase

1,892

3.6720 GBP

10p ordinary

Purchase

1,721

3.6382 GBP

10p ordinary

Purchase

1,694

3.6300 GBP

10p ordinary

Purchase

1,541

3.6379 GBP

10p ordinary

Purchase

1,508

3.6180 GBP

10p ordinary

Purchase

1,339

3.6620 GBP

10p ordinary

Purchase

1,295

3.6269 GBP

10p ordinary

Purchase

1,243

3.6734 GBP

10p ordinary

Purchase

1,220

3.6770 GBP

10p ordinary

Purchase

1,090

3.6780 GBP

10p ordinary

Purchase

1,073

3.6511 GBP

10p ordinary

Purchase

980

3.6380 GBP

10p ordinary

Purchase

883

3.6480 GBP

10p ordinary

Purchase

880

3.6500 GBP

10p ordinary

Purchase

873

3.6840 GBP

10p ordinary

Purchase

864

3.6640 GBP

10p ordinary

Purchase

811

3.6160 GBP

10p ordinary

Purchase

681

3.6181 GBP

10p ordinary

Purchase

575

3.6230 GBP

10p ordinary

Purchase

574

3.6200 GBP

10p ordinary

Purchase

562

3.6680 GBP

10p ordinary

Purchase

560

3.6220 GBP

10p ordinary

Purchase

236

3.6360 GBP

10p ordinary

Purchase

4

3.6660 GBP

10p ordinary

Purchase

1

3.6280 GBP

10p ordinary

Sale

463,046

3.6000 GBP

10p ordinary

Sale

444,299

3.6058 GBP

10p ordinary

Sale

355,708

3.6026 GBP

10p ordinary

Sale

235,512

3.6413 GBP

10p ordinary

Sale

150,000

3.6720 GBP

10p ordinary

Sale

122,927

3.6375 GBP

10p ordinary

Sale

112,224

3.6475 GBP

10p ordinary

Sale

81,304

3.6091 GBP

10p ordinary

Sale

48,393

3.6485 GBP

10p ordinary

Sale

44,699

3.6277 GBP

10p ordinary

Sale

38,589

3.6299 GBP

10p ordinary

Sale

35,855

3.6349 GBP

10p ordinary

Sale

35,676

3.6362 GBP

10p ordinary

Sale

23,581

3.6598 GBP

10p ordinary

Sale

19,350

3.6096 GBP

10p ordinary

Sale

18,228

3.6386 GBP

10p ordinary

Sale

17,795

3.6372 GBP

10p ordinary

Sale

12,642

3.6507 GBP

10p ordinary

Sale

11,333

3.6462 GBP

10p ordinary

Sale

9,076

3.6263 GBP

10p ordinary

Sale

7,179

3.6422 GBP

10p ordinary

Sale

7,033

3.6318 GBP

10p ordinary

Sale

6,729

3.6274 GBP

10p ordinary

Sale

5,209

3.6140 GBP

10p ordinary

Sale

4,526

3.6240 GBP

10p ordinary

Sale

4,184

3.6286 GBP

10p ordinary

Sale

3,611

3.6326 GBP

10p ordinary

Sale

3,453

3.6383 GBP

10p ordinary

Sale

2,919

3.6394 GBP

10p ordinary

Sale

2,913

3.6400 GBP

10p ordinary

Sale

2,739

3.6227 GBP

10p ordinary

Sale

2,676

3.6371 GBP

10p ordinary

Sale

2,477

3.6290 GBP

10p ordinary

Sale

2,402

3.6309 GBP

10p ordinary

Sale

2,267

3.6436 GBP

10p ordinary

Sale

2,078

3.6359 GBP

10p ordinary

Sale

2,062

3.6700 GBP

10p ordinary

Sale

2,057

3.6740 GBP

10p ordinary

Sale

1,694

3.6300 GBP

10p ordinary

Sale

1,508

3.6180 GBP

10p ordinary

Sale

1,405

3.6220 GBP

10p ordinary

Sale

1,339

3.6620 GBP

10p ordinary

Sale

1,220

3.6770 GBP

10p ordinary

Sale

1,090

3.6780 GBP

10p ordinary

Sale

883

3.6480 GBP

10p ordinary

Sale

880

3.6500 GBP

10p ordinary

Sale

873

3.6840 GBP

10p ordinary

Sale

864

3.6640 GBP

10p ordinary

Sale

845

3.6293 GBP

10p ordinary

Sale

811

3.6160 GBP

10p ordinary

Sale

579

3.6199 GBP

10p ordinary

Sale

562

3.6680 GBP

10p ordinary

Sale

1

3.6280 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

Closing Long

131,090

3.6340 GBP

10p ordinary

SWAP

Closing Long

227,641

3.6000 GBP

10p ordinary

SWAP

Closing Long

338,949

3.6076 GBP

10p ordinary

SWAP

Closing Long

435,500

3.6423 GBP

10p ordinary

SWAP

Closing Short

44,699

3.6277 GBP

10p ordinary

SWAP

Closing Short

81,304

3.6091 GBP

10p ordinary

SWAP

Closing Short

112,224

3.6475 GBP

10p ordinary

SWAP

Decreasing Long

605

3.6382 GBP

10p ordinary

SWAP

Decreasing Long

681

3.6181 GBP

10p ordinary

SWAP

Decreasing Long

1,073

3.6510 GBP

10p ordinary

SWAP

Decreasing Long

1,682

3.6419 GBP

10p ordinary

SWAP

Decreasing Long

1,892

3.6720 GBP

10p ordinary

SWAP

Decreasing Long

1,985

3.6340 GBP

10p ordinary

SWAP

Decreasing Long

4,681

3.6538 GBP

10p ordinary

SWAP

Decreasing Long

7,985

3.6005 GBP

10p ordinary

SWAP

Decreasing Long

11,999

3.6486 GBP

10p ordinary

SWAP

Decreasing Long

51,026

3.6541 GBP

10p ordinary

SWAP

Decreasing Long

93,945

3.6425 GBP

10p ordinary

SWAP

Decreasing Short

140

3.6280 GBP

10p ordinary

SWAP

Decreasing Short

845

3.6293 GBP

10p ordinary

SWAP

Decreasing Short

1,676

3.6400 GBP

10p ordinary

SWAP

Decreasing Short

2,919

3.6394 GBP

10p ordinary

SWAP

Decreasing Short

48,644

3.6009 GBP

10p ordinary

SWAP

Decreasing Short

68,617

3.6372 GBP

10p ordinary

SWAP

Decreasing Short

235,512

3.6413 GBP

10p ordinary

CFD

Decreasing Short

236,285

3.6000 GBP

10p ordinary

SWAP

Increasing Long

579

3.6199 GBP

10p ordinary

CFD

Increasing Short

1

3.6300 GBP

10p ordinary

SWAP

Increasing Short

560

3.6220 GBP

10p ordinary

SWAP

Increasing Short

1,295

3.6269 GBP

10p ordinary

SWAP

Increasing Short

29,506

3.6341 GBP

10p ordinary

CFD

Increasing Short

65,627

3.6000 GBP

10p ordinary

SWAP

Increasing Short

78,468

3.6023 GBP

10p ordinary

CFD

Increasing Short

88,004

3.6003 GBP

10p ordinary

SWAP

Increasing Short

156,613

3.6217 GBP

10p ordinary

SWAP

Increasing Short

320,197

3.6262 GBP

10p ordinary

SWAP

Increasing Short

419,278

3.6000 GBP

10p ordinary

CFD

Increasing Short

1,015,811

3.6339 GBP

10p ordinary

SWAP

Opening Long

63,839

3.6294 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 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213