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:

09 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:

732,966

0.21%

529,686

0.15%

(2)

Cash-settled derivatives:

and/or controlled:

174,976

0.05%

15,780

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

907,942

0.26%

545,466

0.16%

(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

105,925

38.0767 USD

common stock

Purchase

103,071

38.1400 USD

common stock

Purchase

62,880

37.9985 USD

common stock

Purchase

52,652

37.8902 USD

common stock

Purchase

19,173

38.0058 USD

common stock

Purchase

14,790

38.1229 USD

common stock

Purchase

13,933

37.9965 USD

common stock

Purchase

12,769

38.0297 USD

common stock

Purchase

9,579

38.0244 USD

common stock

Purchase

5,859

37.9674 USD

common stock

Purchase

4,678

38.1710 USD

common stock

Purchase

4,483

38.1390 USD

common stock

Purchase

4,142

38.1000 USD

common stock

Purchase

3,980

38.1231 USD

common stock

Purchase

3,622

37.9357 USD

common stock

Purchase

3,300

38.0843 USD

common stock

Purchase

2,574

38.0547 USD

common stock

Purchase

1,789

38.0488 USD

common stock

Purchase

1,578

38.1399 USD

common stock

Purchase

1,521

38.1150 USD

common stock

Purchase

1,283

38.1689 USD

common stock

Purchase

1,208

37.8601 USD

common stock

Purchase

888

38.2048 USD

common stock

Purchase

800

38.1462 USD

common stock

Purchase

789

37.9894 USD

common stock

Purchase

779

38.1675 USD

common stock

Purchase

719

38.1564 USD

common stock

Purchase

620

38.1175 USD

common stock

Purchase

574

37.9447 USD

common stock

Purchase

500

34.9560 EUR

common stock

Purchase

300

38.1366 USD

common stock

Purchase

293

38.1010 USD

common stock

Purchase

200

38.1100 USD

common stock

Purchase

66

38.1550 USD

common stock

Purchase

18

38.0300 USD

common stock

Purchase

16

38.1500 USD

common stock

Purchase

10

37.9800 USD

common stock

Purchase

7

38.1300 USD

common stock

Purchase

1

38.0800 USD

common stock

Sale

187,527

38.0347 USD

common stock

Sale

57,041

38.1404 USD

common stock

Sale

32,354

38.1400 USD

common stock

Sale

24,497

37.9091 USD

common stock

Sale

14,666

38.1410 USD

common stock

Sale

14,395

38.0425 USD

common stock

Sale

12,769

38.0297 USD

common stock

Sale

10,838

37.8918 USD

common stock

Sale

9,996

38.1241 USD

common stock

Sale

9,300

38.1456 USD

common stock

Sale

7,372

37.9738 USD

common stock

Sale

7,120

37.8488 USD

common stock

Sale

6,563

38.0828 USD

common stock

Sale

5,173

38.1715 USD

common stock

Sale

4,620

37.8556 USD

common stock

Sale

4,431

38.1140 USD

common stock

Sale

4,275

38.1305 USD

common stock

Sale

3,741

38.0420 USD

common stock

Sale

3,308

37.9216 USD

common stock

Sale

3,300

38.0843 USD

common stock

Sale

3,102

38.0280 USD

common stock

Sale

2,574

38.0547 USD

common stock

Sale

2,284

38.1388 USD

common stock

Sale

1,986

38.0670 USD

common stock

Sale

1,760

37.9529 USD

common stock

Sale

1,404

37.9889 USD

common stock

Sale

1,300

38.0153 USD

common stock

Sale

1,178

38.1399 USD

common stock

Sale

1,095

37.9548 USD

common stock

Sale

1,006

38.0834 USD

common stock

Sale

899

37.9065 USD

common stock

Sale

814

37.9664 USD

common stock

Sale

701

37.8586 USD

common stock

Sale

633

37.9000 USD

common stock

Sale

620

38.1175 USD

common stock

Sale

605

37.7979 USD

common stock

Sale

502

38.1031 USD

common stock

Sale

500

38.1000 USD

common stock

Sale

500

37.8200 USD

common stock

Sale

500

34.9560 EUR

common stock

Sale

500

38.0050 USD

common stock

Sale

483

37.9017 USD

common stock

Sale

400

38.0500 USD

common stock

Sale

334

38.1292 USD

common stock

Sale

307

38.1737 USD

common stock

Sale

305

38.0691 USD

common stock

Sale

274

37.9937 USD

common stock

Sale

200

38.1450 USD

common stock

Sale

200

38.1100 USD

common stock

Sale

200

38.1200 USD

common stock

Sale

200

37.9900 USD

common stock

Sale

180

37.9944 USD

common stock

Sale

141

38.0759 USD

common stock

Sale

107

38.2600 USD

common stock

Sale

100

37.8450 USD

common stock

Sale

100

38.2650 USD

common stock

Sale

100

37.7600 USD

common stock

Sale

63

37.7500 USD

common stock

Sale

33

38.1550 USD

common stock

Sale

18

38.0300 USD

common stock

Sale

1

37.9600 USD

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

common stock

SWAP

Increasing Long

12,700

38.0267 USD

(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

Put Options

Selling

12,500

38.0000 USD

American

17 May 2024

1.0664 USD

common stock

Call Options

Selling

4,000

USD

1.8762 USD

common stock

Call Options

Selling

200

USD

0.7500 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:

10 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213