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

INTERNATIONAL PAPER CO

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:

08 Apr 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?

DS SMITH PLC

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:

common stock

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

734,980

0.21%

520,554

0.15%

(2)

Cash-settled derivatives:

and/or controlled:

162,276

0.05%

15,780

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

897,256

0.26%

536,334

0.15%

(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

common stock

Purchase

197,015

38.2072 USD

common stock

Purchase

109,539

38.0986 USD

common stock

Purchase

95,175

38.1056 USD

common stock

Purchase

71,412

38.0461 USD

common stock

Purchase

65,756

38.0854 USD

common stock

Purchase

47,824

38.0751 USD

common stock

Purchase

43,404

38.0856 USD

common stock

Purchase

38,162

38.1053 USD

common stock

Purchase

31,003

38.2905 USD

common stock

Purchase

23,700

38.0715 USD

common stock

Purchase

12,807

38.1243 USD

common stock

Purchase

12,135

38.0730 USD

common stock

Purchase

5,398

38.0787 USD

common stock

Purchase

3,181

38.1949 USD

common stock

Purchase

3,124

38.2100 USD

common stock

Purchase

2,954

38.0781 USD

common stock

Purchase

2,900

38.1422 USD

common stock

Purchase

1,799

38.0761 USD

common stock

Purchase

1,658

38.0584 USD

common stock

Purchase

1,000

38.1000 USD

common stock

Purchase

781

38.0674 USD

common stock

Purchase

674

38.0484 USD

common stock

Purchase

597

38.0763 USD

common stock

Purchase

533

38.0750 USD

common stock

Purchase

501

38.0760 USD

common stock

Purchase

496

38.1519 USD

common stock

Purchase

415

38.0800 USD

common stock

Purchase

407

38.0769 USD

common stock

Purchase

300

38.0433 USD

common stock

Purchase

200

38.2000 USD

common stock

Purchase

159

38.0435 USD

common stock

Purchase

145

38.0868 USD

common stock

Purchase

100

38.0400 USD

common stock

Purchase

91

37.9630 USD

common stock

Purchase

50

38.0668 USD

common stock

Purchase

21

38.2095 USD

common stock

Sale

298,162

38.0921 USD

common stock

Sale

146,953

38.2079 USD

common stock

Sale

61,755

38.0420 USD

common stock

Sale

54,154

38.0791 USD

common stock

Sale

54,108

38.0810 USD

common stock

Sale

47,399

38.2047 USD

common stock

Sale

23,700

38.0715 USD

common stock

Sale

20,698

38.3091 USD

common stock

Sale

11,926

38.1133 USD

common stock

Sale

7,993

38.2911 USD

common stock

Sale

6,199

38.2448 USD

common stock

Sale

6,040

38.1394 USD

common stock

Sale

5,398

38.0787 USD

common stock

Sale

3,046

38.1013 USD

common stock

Sale

2,900

38.1422 USD

common stock

Sale

2,850

38.3784 USD

common stock

Sale

2,587

38.2100 USD

common stock

Sale

2,400

38.1412 USD

common stock

Sale

2,055

38.1481 USD

common stock

Sale

1,572

38.1899 USD

common stock

Sale

1,478

38.0375 USD

common stock

Sale

1,348

38.0484 USD

common stock

Sale

1,174

38.0410 USD

common stock

Sale

1,165

38.1274 USD

common stock

Sale

1,100

38.1581 USD

common stock

Sale

1,000

38.1000 USD

common stock

Sale

700

38.1742 USD

common stock

Sale

600

38.0666 USD

common stock

Sale

563

38.1620 USD

common stock

Sale

400

37.9900 USD

common stock

Sale

400

38.1300 USD

common stock

Sale

366

38.2021 USD

common stock

Sale

240

37.9491 USD

common stock

Sale

234

37.9997 USD

common stock

Sale

180

38.2298 USD

common stock

Sale

179

37.9672 USD

common stock

Sale

148

38.1134 USD

common stock

Sale

145

38.0868 USD

common stock

Sale

116

38.1752 USD

common stock

Sale

100

38.0800 USD

common stock

Sale

100

37.9700 USD

common stock

Sale

91

37.9630 USD

common stock

Sale

82

38.1451 USD

common stock

Sale

50

38.0668 USD

common stock

Sale

21

38.2095 USD

common stock

Sale

18

38.0850 USD

common stock

Sale

2

38.1400 USD

common stock

Sale

1

38.2000 USD

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

(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

common stock

Call Options

Selling

2,100

USD

1.1023 USD

common stock

Call Options

Selling

12,600

USD

1.8853 USD

common stock

Call Options

Selling

2,000

USD

0.8000 USD

(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:

09 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213