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:

04 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:

722,028

0.21%

509,461

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:

884,304

0.25%

525,241

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

152,409

39.2656 USD

common stock

Purchase

96,696

39.3489 USD

common stock

Purchase

40,069

39.2782 USD

common stock

Purchase

38,663

39.2545 USD

common stock

Purchase

28,776

39.1901 USD

common stock

Purchase

17,626

39.3001 USD

common stock

Purchase

16,595

39.2643 USD

common stock

Purchase

13,802

39.3816 USD

common stock

Purchase

12,317

39.2305 USD

common stock

Purchase

5,776

39.2574 USD

common stock

Purchase

5,528

39.2900 USD

common stock

Purchase

5,250

39.4037 USD

common stock

Purchase

5,168

39.2282 USD

common stock

Purchase

4,110

39.2490 USD

common stock

Purchase

3,495

39.3047 USD

common stock

Purchase

2,510

39.3688 USD

common stock

Purchase

2,309

39.4475 USD

common stock

Purchase

1,974

39.3123 USD

common stock

Purchase

1,947

39.2785 USD

common stock

Purchase

1,830

39.2018 USD

common stock

Purchase

1,381

39.1713 USD

common stock

Purchase

1,306

39.2636 USD

common stock

Purchase

1,200

39.4213 USD

common stock

Purchase

908

39.3438 USD

common stock

Purchase

854

39.2092 USD

common stock

Purchase

603

39.3840 USD

common stock

Purchase

600

39.3000 USD

common stock

Purchase

590

39.3137 USD

common stock

Purchase

500

39.0800 USD

common stock

Purchase

424

39.3005 USD

common stock

Purchase

400

39.3600 USD

common stock

Purchase

346

39.2780 USD

common stock

Purchase

331

39.1133 USD

common stock

Purchase

318

39.0185 USD

common stock

Purchase

310

39.2919 USD

common stock

Purchase

299

39.1298 USD

common stock

Purchase

162

39.2700 USD

common stock

Purchase

140

39.0600 USD

common stock

Purchase

137

39.1762 USD

common stock

Purchase

101

39.2999 USD

common stock

Purchase

100

39.4600 USD

common stock

Purchase

3

39.3950 USD

common stock

Purchase

3

39.1400 USD

common stock

Sale

97,914

39.2741 USD

common stock

Sale

67,139

39.2759 USD

common stock

Sale

37,355

39.2823 USD

common stock

Sale

34,401

39.2548 USD

common stock

Sale

25,410

39.2339 USD

common stock

Sale

22,032

39.3605 USD

common stock

Sale

19,613

39.2600 USD

common stock

Sale

19,261

39.3965 USD

common stock

Sale

17,626

39.3001 USD

common stock

Sale

16,726

39.2630 USD

common stock

Sale

13,640

39.1210 USD

common stock

Sale

11,848

39.2839 USD

common stock

Sale

11,619

39.2162 USD

common stock

Sale

11,385

39.3437 USD

common stock

Sale

8,291

39.3837 USD

common stock

Sale

6,841

39.3070 USD

common stock

Sale

5,550

39.2836 USD

common stock

Sale

4,812

39.3873 USD

common stock

Sale

4,567

39.2559 USD

common stock

Sale

4,002

39.2900 USD

common stock

Sale

3,900

39.2923 USD

common stock

Sale

3,611

39.4292 USD

common stock

Sale

3,339

39.2954 USD

common stock

Sale

3,148

39.2833 USD

common stock

Sale

2,715

39.4546 USD

common stock

Sale

2,510

39.3688 USD

common stock

Sale

2,222

39.3506 USD

common stock

Sale

1,974

39.3123 USD

common stock

Sale

1,866

39.3573 USD

common stock

Sale

1,810

39.2300 USD

common stock

Sale

1,165

39.1955 USD

common stock

Sale

1,102

39.4418 USD

common stock

Sale

1,018

39.4100 USD

common stock

Sale

980

39.2034 USD

common stock

Sale

908

39.3438 USD

common stock

Sale

873

39.4812 USD

common stock

Sale

850

39.1999 USD

common stock

Sale

800

39.3156 USD

common stock

Sale

735

39.3562 USD

common stock

Sale

700

39.1828 USD

common stock

Sale

612

39.4300 USD

common stock

Sale

603

39.3075 USD

common stock

Sale

600

39.4213 USD

common stock

Sale

599

39.4133 USD

common stock

Sale

590

39.3137 USD

common stock

Sale

575

39.3802 USD

common stock

Sale

486

39.3087 USD

common stock

Sale

408

39.3779 USD

common stock

Sale

402

39.3677 USD

common stock

Sale

400

39.2450 USD

common stock

Sale

331

39.1133 USD

common stock

Sale

300

39.5333 USD

common stock

Sale

300

39.2766 USD

common stock

Sale

200

39.3900 USD

common stock

Sale

200

38.9300 USD

common stock

Sale

198

39.2758 USD

common stock

Sale

174

39.2709 USD

common stock

Sale

144

39.0250 USD

common stock

Sale

140

39.0600 USD

common stock

Sale

136

39.4326 USD

common stock

Sale

100

39.4000 USD

common stock

Sale

100

39.2500 USD

common stock

Sale

68

39.2850 USD

common stock

Sale

53

39.2632 USD

common stock

Sale

16

39.1800 USD

common stock

Sale

10

39.4820 USD

common stock

Sale

3

39.3950 USD

common stock

Sale

2

39.3100 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

6,700

39.2623 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

(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:

05 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213