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:

23 Dec 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:

32,969,204

2.39%

16,416,111

1.19%

(2)

Cash-settled derivatives:

and/or controlled:

12,632,896

0.92%

31,567,839

2.29%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

45,602,100

3.30%

47,983,950

3.48%

(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

215,717

5.3800 GBP

10p ordinary

Purchase

34,344

5.3714 GBP

10p ordinary

Purchase

31,560

5.3555 GBP

10p ordinary

Purchase

15,537

5.3649 GBP

10p ordinary

Purchase

15,288

5.3778 GBP

10p ordinary

Purchase

8,310

5.3754 GBP

10p ordinary

Purchase

8,161

5.3710 GBP

10p ordinary

Purchase

7,839

5.3695 GBP

10p ordinary

Purchase

6,916

5.3702 GBP

10p ordinary

Purchase

6,369

5.3776 GBP

10p ordinary

Purchase

5,847

5.3725 GBP

10p ordinary

Purchase

5,013

5.3752 GBP

10p ordinary

Purchase

4,350

5.3788 GBP

10p ordinary

Purchase

3,884

5.3706 GBP

10p ordinary

Purchase

3,427

5.3811 GBP

10p ordinary

Purchase

2,454

5.3821 GBP

10p ordinary

Purchase

2,430

5.3797 GBP

10p ordinary

Purchase

2,313

5.3737 GBP

10p ordinary

Purchase

2,256

5.4000 GBP

10p ordinary

Purchase

2,014

5.3682 GBP

10p ordinary

Purchase

1,991

5.3600 GBP

10p ordinary

Purchase

1,338

5.3900 GBP

10p ordinary

Purchase

1,336

5.3750 GBP

10p ordinary

Purchase

1,282

5.3850 GBP

10p ordinary

Purchase

1,253

5.3675 GBP

10p ordinary

Purchase

1,126

5.3672 GBP

10p ordinary

Purchase

532

5.3825 GBP

10p ordinary

Purchase

515

5.3775 GBP

10p ordinary

Purchase

271

5.3550 GBP

10p ordinary

Sale

210,401

5.3793 GBP

10p ordinary

Sale

60,733

5.3800 GBP

10p ordinary

Sale

40,805

5.3703 GBP

10p ordinary

Sale

11,777

5.3849 GBP

10p ordinary

Sale

11,726

5.3794 GBP

10p ordinary

Sale

10,978

5.3799 GBP

10p ordinary

Sale

10,045

5.3757 GBP

10p ordinary

Sale

9,986

5.3780 GBP

10p ordinary

Sale

4,368

5.3715 GBP

10p ordinary

Sale

3,898

5.3743 GBP

10p ordinary

Sale

3,356

5.3669 GBP

10p ordinary

Sale

3,159

5.3565 GBP

10p ordinary

Sale

2,595

5.3756 GBP

10p ordinary

Sale

2,256

5.4000 GBP

10p ordinary

Sale

1,633

5.3650 GBP

10p ordinary

Sale

1,282

5.3850 GBP

10p ordinary

Sale

1,148

5.3750 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

32,273

5.3748 GBP

10p ordinary

SWAP

Decreasing Short

2,834

5.3397 GBP

10p ordinary

SWAP

Decreasing Short

3,159

5.3565 GBP

10p ordinary

SWAP

Decreasing Short

40,805

5.3703 GBP

10p ordinary

SWAP

Decreasing Short

48,855

5.3788 GBP

10p ordinary

SWAP

Decreasing Short

11,726

5.3794 GBP

10p ordinary

SWAP

Decreasing Short

4,598

5.3800 GBP

10p ordinary

SWAP

Increasing Short

31,560

5.3555 GBP

10p ordinary

SWAP

Increasing Short

15,537

5.3649 GBP

10p ordinary

SWAP

Increasing Short

7,979

5.3684 GBP

10p ordinary

SWAP

Increasing Short

7,839

5.3695 GBP

10p ordinary

SWAP

Increasing Short

4,878

5.3747 GBP

10p ordinary

SWAP

Increasing Short

25,867

5.3773 GBP

10p ordinary

SWAP

Increasing Short

4,350

5.3788 GBP

10p ordinary

SWAP

Increasing Short

11,337

5.3800 GBP

10p ordinary

SWAP

Increasing Short

4,368

5.3861 GBP

10p ordinary

SWAP

Increasing Short

544

5.3900 GBP

10p ordinary

CFD

Decreasing Short

65,163

5.3800 GBP

10p ordinary

CFD

Increasing Short

17,655

5.3648 GBP

10p ordinary

CFD

Increasing Short

18,688

5.3800 GBP

10p ordinary

CFD

Increasing Short

2,256

5.4000 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:

24 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213