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:

11 Jul 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:

37,858,222

2.74%

21,382,970

1.55%

(2)

Cash-settled derivatives:

and/or controlled:

7,919,103

0.57%

37,165,828

2.69%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

45,777,325

3.32%

58,548,798

4.24%

(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

515,409

4.1900 GBP

10p ordinary

Purchase

485,532

4.1889 GBP

10p ordinary

Purchase

172,475

4.1684 GBP

10p ordinary

Purchase

151,975

4.1894 GBP

10p ordinary

Purchase

79,973

4.1867 GBP

10p ordinary

Purchase

60,803

4.1793 GBP

10p ordinary

Purchase

27,400

4.1535 GBP

10p ordinary

Purchase

21,942

4.1639 GBP

10p ordinary

Purchase

16,659

4.1920 GBP

10p ordinary

Purchase

12,125

4.1750 GBP

10p ordinary

Purchase

11,884

4.1729 GBP

10p ordinary

Purchase

10,219

4.1811 GBP

10p ordinary

Purchase

7,331

4.1714 GBP

10p ordinary

Purchase

6,360

4.2000 GBP

10p ordinary

Purchase

6,227

4.1640 GBP

10p ordinary

Purchase

5,720

4.1893 GBP

10p ordinary

Purchase

4,082

4.1676 GBP

10p ordinary

Purchase

3,944

4.1532 GBP

10p ordinary

Purchase

3,754

4.1798 GBP

10p ordinary

Purchase

3,508

4.1954 GBP

10p ordinary

Purchase

3,270

4.1680 GBP

10p ordinary

Purchase

2,938

4.1876 GBP

10p ordinary

Purchase

2,737

4.1549 GBP

10p ordinary

Purchase

2,593

4.1503 GBP

10p ordinary

Purchase

2,236

4.1467 GBP

10p ordinary

Purchase

2,150

4.1561 GBP

10p ordinary

Purchase

2,027

4.1510 GBP

10p ordinary

Purchase

1,654

4.1533 GBP

10p ordinary

Purchase

1,123

4.1525 GBP

10p ordinary

Purchase

1,059

4.1948 GBP

10p ordinary

Purchase

791

4.1570 GBP

10p ordinary

Purchase

753

4.1560 GBP

10p ordinary

Purchase

655

4.1980 GBP

10p ordinary

Purchase

497

4.1540 GBP

10p ordinary

Purchase

375

4.2040 GBP

10p ordinary

Purchase

239

4.1660 GBP

10p ordinary

Sale

388,202

4.1900 GBP

10p ordinary

Sale

255,689

4.1877 GBP

10p ordinary

Sale

50,801

4.1902 GBP

10p ordinary

Sale

24,440

4.1940 GBP

10p ordinary

Sale

17,619

4.1841 GBP

10p ordinary

Sale

13,600

4.1506 GBP

10p ordinary

Sale

9,836

4.1883 GBP

10p ordinary

Sale

7,651

4.1980 GBP

10p ordinary

Sale

5,704

4.2000 GBP

10p ordinary

Sale

5,025

4.1542 GBP

10p ordinary

Sale

4,720

4.1958 GBP

10p ordinary

Sale

2,967

4.1566 GBP

10p ordinary

Sale

2,576

4.1549 GBP

10p ordinary

Sale

2,296

4.1532 GBP

10p ordinary

Sale

2,249

4.1705 GBP

10p ordinary

Sale

2,109

4.1904 GBP

10p ordinary

Sale

1,211

4.1650 GBP

10p ordinary

Sale

1,014

4.1556 GBP

10p ordinary

Sale

850

4.1653 GBP

10p ordinary

Sale

434

4.1500 GBP

10p ordinary

Sale

421

4.1550 GBP

10p ordinary

Sale

375

4.2040 GBP

10p ordinary

Sale

372

4.1700 GBP

10p ordinary

Sale

270

4.1580 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

Increasing Long

3,212

4.1900 GBP

10p ordinary

CFD

Decreasing Long

5,304

4.1542 GBP

10p ordinary

CFD

Decreasing Long

4,906

4.1797 GBP

10p ordinary

CFD

Decreasing Long

258,616

4.1900 GBP

10p ordinary

SWAP

Decreasing Long

5,739

4.1846 GBP

10p ordinary

SWAP

Increasing Short

16,388

4.1920 GBP

10p ordinary

SWAP

Increasing Short

271

4.1920 GBP

10p ordinary

SWAP

Decreasing Short

1,014

4.1556 GBP

10p ordinary

SWAP

Decreasing Short

2,967

4.1566 GBP

10p ordinary

SWAP

Decreasing Short

2,249

4.1705 GBP

10p ordinary

SWAP

Decreasing Short

7,651

4.1980 GBP

10p ordinary

SWAP

Increasing Short

2,737

4.1549 GBP

10p ordinary

SWAP

Increasing Short

6,227

4.1640 GBP

10p ordinary

SWAP

Increasing Short

239

4.1660 GBP

10p ordinary

SWAP

Increasing Short

172,475

4.1684 GBP

10p ordinary

SWAP

Increasing Short

15,190

4.1720 GBP

10p ordinary

SWAP

Increasing Short

97,344

4.1864 GBP

10p ordinary

SWAP

Increasing Short

90,010

4.1899 GBP

10p ordinary

SWAP

Decreasing Long

2,593

4.1503 GBP

10p ordinary

SWAP

Decreasing Long

1,977

4.1880 GBP

10p ordinary

SWAP

Decreasing Long

3,743

4.1900 GBP

10p ordinary

SWAP

Increasing Short

13,479

4.1725 GBP

10p ordinary

SWAP

Increasing Short

60,803

4.1793 GBP

10p ordinary

SWAP

Increasing Short

1,953

4.1899 GBP

10p ordinary

SWAP

Increasing Short

75,712

4.1900 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:

12 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213