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 COMPANY

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:

30 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:

725,910

0.21%

737,500

0.21%

(2)

Cash-settled derivatives:

and/or controlled:

421,560

0.12%

27,615

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,147,470

0.33%

765,115

0.22%

(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

184,404

35.0125 USD

common stock

Purchase

119,104

34.9434 USD

common stock

Purchase

43,266

34.9876 USD

common stock

Purchase

36,171

34.9394 USD

common stock

Purchase

30,449

34.9945 USD

common stock

Purchase

25,702

35.1950 USD

common stock

Purchase

17,269

35.0792 USD

common stock

Purchase

17,095

35.0813 USD

common stock

Purchase

15,647

34.9400 USD

common stock

Purchase

15,304

34.9728 USD

common stock

Purchase

12,142

34.9768 USD

common stock

Purchase

11,936

35.0893 USD

common stock

Purchase

10,487

34.8948 USD

common stock

Purchase

9,076

34.9351 USD

common stock

Purchase

8,892

35.0192 USD

common stock

Purchase

5,083

35.0955 USD

common stock

Purchase

4,334

34.9978 USD

common stock

Purchase

3,382

35.0833 USD

common stock

Purchase

2,633

35.0283 USD

common stock

Purchase

2,402

35.1156 USD

common stock

Purchase

1,975

35.0684 USD

common stock

Purchase

1,932

35.0910 USD

common stock

Purchase

1,826

35.0277 USD

common stock

Purchase

1,750

35.0358 USD

common stock

Purchase

1,346

35.0016 USD

common stock

Purchase

1,300

34.9969 USD

common stock

Purchase

1,147

34.9848 USD

common stock

Purchase

1,102

35.0562 USD

common stock

Purchase

902

35.0147 USD

common stock

Purchase

842

35.0146 USD

common stock

Purchase

805

35.1622 USD

common stock

Purchase

800

35.0025 USD

common stock

Purchase

764

35.0282 USD

common stock

Purchase

737

34.9035 USD

common stock

Purchase

720

35.0722 USD

common stock

Purchase

612

34.8856 USD

common stock

Purchase

569

34.9551 USD

common stock

Purchase

482

34.9792 USD

common stock

Purchase

459

34.9176 USD

common stock

Purchase

421

34.9796 USD

common stock

Purchase

400

34.8675 USD

common stock

Purchase

400

35.0725 USD

common stock

Purchase

377

35.0124 USD

common stock

Purchase

300

34.9766 USD

common stock

Purchase

202

35.0000 USD

common stock

Purchase

200

34.9050 USD

common stock

Purchase

200

34.9900 USD

common stock

Purchase

200

35.0850 USD

common stock

Purchase

200

34.9000 USD

common stock

Purchase

191

34.8297 USD

common stock

Purchase

153

35.0339 USD

common stock

Purchase

134

35.1931 USD

common stock

Purchase

100

34.9850 USD

common stock

Purchase

100

35.0100 USD

common stock

Purchase

100

34.9800 USD

common stock

Purchase

100

35.0200 USD

common stock

Purchase

65

34.9207 USD

common stock

Purchase

14

35.1500 USD

common stock

Purchase

5

34.8000 USD

common stock

Sale

134,607

34.9478 USD

common stock

Sale

49,864

34.9745 USD

common stock

Sale

45,067

34.9615 USD

common stock

Sale

36,259

34.9394 USD

common stock

Sale

35,619

35.0048 USD

common stock

Sale

35,253

34.9399 USD

common stock

Sale

34,838

34.9956 USD

common stock

Sale

30,449

34.9945 USD

common stock

Sale

30,333

35.1621 USD

common stock

Sale

30,026

35.1396 USD

common stock

Sale

27,673

35.0572 USD

common stock

Sale

16,106

35.0925 USD

common stock

Sale

15,825

35.0883 USD

common stock

Sale

15,180

34.9400 USD

common stock

Sale

14,171

35.0337 USD

common stock

Sale

10,696

34.9688 USD

common stock

Sale

10,239

35.0071 USD

common stock

Sale

5,290

34.9256 USD

common stock

Sale

3,558

35.0326 USD

common stock

Sale

3,050

34.8606 USD

common stock

Sale

2,648

35.0003 USD

common stock

Sale

2,502

35.0351 USD

common stock

Sale

1,750

35.0358 USD

common stock

Sale

1,728

35.1168 USD

common stock

Sale

1,294

34.8744 USD

common stock

Sale

1,200

34.9534 USD

common stock

Sale

999

34.9889 USD

common stock

Sale

954

35.0274 USD

common stock

Sale

928

34.8577 USD

common stock

Sale

806

34.9213 USD

common stock

Sale

805

35.1622 USD

common stock

Sale

720

35.0722 USD

common stock

Sale

720

34.8594 USD

common stock

Sale

700

35.1914 USD

common stock

Sale

659

35.0161 USD

common stock

Sale

569

34.9551 USD

common stock

Sale

538

34.9876 USD

common stock

Sale

421

34.9796 USD

common stock

Sale

398

34.9460 USD

common stock

Sale

350

35.1922 USD

common stock

Sale

350

34.8850 USD

common stock

Sale

335

34.8771 USD

common stock

Sale

289

34.9717 USD

common stock

Sale

200

34.8550 USD

common stock

Sale

134

35.1931 USD

common stock

Sale

112

34.9200 USD

common stock

Sale

105

34.9204 USD

common stock

Sale

100

34.9000 USD

common stock

Sale

100

34.9250 USD

common stock

Sale

100

35.1000 USD

common stock

Sale

65

34.9207 USD

common stock

Sale

55

34.8900 USD

common stock

Sale

27

34.9181 USD

common stock

Sale

25

35.0440 USD

common stock

Sale

5

34.8000 USD

common stock

Sale

2

35.1500 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

(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:

01 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213