Barclays Regulatory News (BARC)

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:

17 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?

MONDI PLCINTERNATIONAL PAPER CO

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:

26,035,588

1.89%

19,334,397

1.40%

(2)

Cash-settled derivatives:

and/or controlled:

8,194,765

0.59%

24,469,013

1.77%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

34,230,353

2.48%

43,803,410

3.18%

(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

277,687

3.7416 GBP

10p ordinary

Purchase

193,265

3.7420 GBP

10p ordinary

Purchase

100,963

3.6824 GBP

10p ordinary

Purchase

77,771

3.7315 GBP

10p ordinary

Purchase

60,279

3.7317 GBP

10p ordinary

Purchase

52,633

3.6703 GBP

10p ordinary

Purchase

33,730

3.7227 GBP

10p ordinary

Purchase

29,469

3.7013 GBP

10p ordinary

Purchase

20,900

3.6993 GBP

10p ordinary

Purchase

14,743

3.6725 GBP

10p ordinary

Purchase

13,224

3.6701 GBP

10p ordinary

Purchase

5,720

3.7139 GBP

10p ordinary

Purchase

5,366

3.7390 GBP

10p ordinary

Purchase

5,290

3.7277 GBP

10p ordinary

Purchase

4,900

3.7209 GBP

10p ordinary

Purchase

4,760

3.6686 GBP

10p ordinary

Purchase

4,630

3.7061 GBP

10p ordinary

Purchase

4,602

3.7282 GBP

10p ordinary

Purchase

4,512

3.6983 GBP

10p ordinary

Purchase

4,020

3.7547 GBP

10p ordinary

Purchase

3,772

3.7355 GBP

10p ordinary

Purchase

3,376

3.7370 GBP

10p ordinary

Purchase

3,348

3.6793 GBP

10p ordinary

Purchase

3,174

3.7385 GBP

10p ordinary

Purchase

3,133

3.7381 GBP

10p ordinary

Purchase

2,665

3.7380 GBP

10p ordinary

Purchase

2,348

3.7235 GBP

10p ordinary

Purchase

1,647

3.7037 GBP

10p ordinary

Purchase

1,597

3.7205 GBP

10p ordinary

Purchase

1,560

3.6800 GBP

10p ordinary

Purchase

1,353

3.6813 GBP

10p ordinary

Purchase

1,163

3.7283 GBP

10p ordinary

Purchase

1,042

3.6820 GBP

10p ordinary

Purchase

863

3.7080 GBP

10p ordinary

Purchase

795

3.7340 GBP

10p ordinary

Purchase

647

3.6760 GBP

10p ordinary

Purchase

552

3.7180 GBP

10p ordinary

Purchase

391

3.7393 GBP

10p ordinary

Purchase

1

3.6815 GBP

10p ordinary

Sale

297,157

3.7376 GBP

10p ordinary

Sale

102,206

3.7287 GBP

10p ordinary

Sale

81,545

3.7416 GBP

10p ordinary

Sale

79,870

3.7009 GBP

10p ordinary

Sale

77,771

3.7315 GBP

10p ordinary

Sale

46,214

3.7263 GBP

10p ordinary

Sale

44,238

3.7420 GBP

10p ordinary

Sale

43,114

3.7171 GBP

10p ordinary

Sale

32,884

3.7247 GBP

10p ordinary

Sale

17,823

3.6701 GBP

10p ordinary

Sale

9,900

3.7346 GBP

10p ordinary

Sale

8,484

3.7314 GBP

10p ordinary

Sale

6,173

3.7023 GBP

10p ordinary

Sale

5,290

3.7277 GBP

10p ordinary

Sale

4,976

3.7050 GBP

10p ordinary

Sale

4,900

3.7209 GBP

10p ordinary

Sale

4,672

3.6681 GBP

10p ordinary

Sale

4,590

3.6896 GBP

10p ordinary

Sale

4,542

3.7285 GBP

10p ordinary

Sale

4,228

3.6734 GBP

10p ordinary

Sale

4,072

3.7015 GBP

10p ordinary

Sale

3,809

3.7122 GBP

10p ordinary

Sale

3,579

3.7380 GBP

10p ordinary

Sale

3,236

3.7340 GBP

10p ordinary

Sale

2,799

3.7412 GBP

10p ordinary

Sale

2,791

3.6780 GBP

10p ordinary

Sale

2,192

3.6760 GBP

10p ordinary

Sale

2,079

3.6625 GBP

10p ordinary

Sale

1,911

3.6777 GBP

10p ordinary

Sale

1,869

3.7215 GBP

10p ordinary

Sale

1,797

3.6716 GBP

10p ordinary

Sale

1,678

3.7079 GBP

10p ordinary

Sale

1,616

3.7033 GBP

10p ordinary

Sale

1,083

3.7016 GBP

10p ordinary

Sale

1,042

3.6820 GBP

10p ordinary

Sale

948

3.7350 GBP

10p ordinary

Sale

866

3.6821 GBP

10p ordinary

Sale

832

3.7360 GBP

10p ordinary

Sale

755

3.7000 GBP

10p ordinary

Sale

754

3.6880 GBP

10p ordinary

Sale

740

3.7220 GBP

10p ordinary

Sale

662

3.7560 GBP

10p ordinary

Sale

552

3.7180 GBP

10p ordinary

Sale

259

3.6840 GBP

10p ordinary

Sale

60

3.7110 GBP

10p ordinary

Sale

40

3.7020 GBP

10p ordinary

Sale

38

3.7200 GBP

10p ordinary

Sale

31

3.7260 GBP

10p ordinary

Sale

-14

3.7398 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

Decreasing Short

440

3.7420 GBP

10p ordinary

CFD

Decreasing Short

731

3.7496 GBP

10p ordinary

SWAP

Decreasing Short

1,678

3.7080 GBP

10p ordinary

SWAP

Decreasing Short

1,911

3.6777 GBP

10p ordinary

CFD

Decreasing Short

7,190

3.7162 GBP

10p ordinary

CFD

Decreasing Short

22,351

3.7338 GBP

10p ordinary

CFD

Decreasing Short

30,961

3.7419 GBP

10p ordinary

SWAP

Decreasing Short

32,069

3.7369 GBP

10p ordinary

SWAP

Decreasing Short

35,682

3.7420 GBP

10p ordinary

SWAP

Decreasing Short

43,114

3.7171 GBP

10p ordinary

SWAP

Decreasing Short

58,301

3.7415 GBP

10p ordinary

CFD

Decreasing Short

103,120

3.7285 GBP

10p ordinary

SWAP

Increasing Long

2,799

3.7412 GBP

10p ordinary

SWAP

Increasing Long

38,034

3.7263 GBP

10p ordinary

CFD

Increasing Short

11

3.7418 GBP

10p ordinary

CFD

Increasing Short

440

3.7420 GBP

10p ordinary

SWAP

Increasing Short

1,353

3.6813 GBP

10p ordinary

SWAP

Increasing Short

3,348

3.6793 GBP

10p ordinary

SWAP

Increasing Short

10,923

3.6997 GBP

10p ordinary

CFD

Increasing Short

13,224

3.6701 GBP

10p ordinary

SWAP

Increasing Short

15,287

3.6700 GBP

10p ordinary

SWAP

Increasing Short

17,498

3.7051 GBP

10p ordinary

SWAP

Increasing Short

29,469

3.7013 GBP

10p ordinary

SWAP

Increasing Short

33,730

3.7227 GBP

10p ordinary

SWAP

Increasing Short

60,279

3.7317 GBP

10p ordinary

SWAP

Increasing Short

70,335

3.6875 GBP

10p ordinary

SWAP

Opening Long

49,475

3.7154 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:

20 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213