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:

26 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:

728,430

0.21%

710,229

0.20%

(2)

Cash-settled derivatives:

and/or controlled:

394,860

0.11%

27,615

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,123,290

0.32%

737,844

0.21%

(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

204,147

33.8015 USD

common stock

Purchase

138,664

33.8013 USD

common stock

Purchase

129,992

33.7752 USD

common stock

Purchase

96,055

33.7218 USD

common stock

Purchase

91,416

33.8153 USD

common stock

Purchase

62,774

33.8639 USD

common stock

Purchase

54,547

33.7176 USD

common stock

Purchase

44,690

33.7680 USD

common stock

Purchase

36,810

33.7687 USD

common stock

Purchase

32,446

33.7347 USD

common stock

Purchase

32,372

33.7588 USD

common stock

Purchase

30,400

33.5800 USD

common stock

Purchase

27,907

33.7031 USD

common stock

Purchase

22,248

33.7594 USD

common stock

Purchase

21,993

33.8150 USD

common stock

Purchase

18,541

33.7264 USD

common stock

Purchase

16,065

33.7221 USD

common stock

Purchase

14,446

33.7970 USD

common stock

Purchase

11,079

33.8769 USD

common stock

Purchase

8,883

33.7584 USD

common stock

Purchase

8,801

33.8290 USD

common stock

Purchase

7,693

33.7043 USD

common stock

Purchase

6,449

33.6828 USD

common stock

Purchase

5,470

33.6948 USD

common stock

Purchase

5,309

33.7532 USD

common stock

Purchase

4,574

33.6956 USD

common stock

Purchase

4,557

33.7140 USD

common stock

Purchase

4,039

33.7677 USD

common stock

Purchase

3,311

33.7530 USD

common stock

Purchase

3,215

33.7474 USD

common stock

Purchase

2,752

33.6668 USD

common stock

Purchase

2,511

33.6125 USD

common stock

Purchase

2,476

33.8308 USD

common stock

Purchase

2,468

33.8517 USD

common stock

Purchase

2,295

33.7592 USD

common stock

Purchase

2,007

33.5441 USD

common stock

Purchase

1,739

33.8300 USD

common stock

Purchase

1,404

33.7802 USD

common stock

Purchase

1,386

33.7770 USD

common stock

Purchase

1,212

33.7712 USD

common stock

Purchase

897

33.7303 USD

common stock

Purchase

825

33.7986 USD

common stock

Purchase

638

33.6665 USD

common stock

Purchase

637

33.6809 USD

common stock

Purchase

600

33.5675 USD

common stock

Purchase

521

33.7960 USD

common stock

Purchase

440

33.6350 USD

common stock

Purchase

399

33.6402 USD

common stock

Purchase

300

33.7100 USD

common stock

Purchase

240

33.7041 USD

common stock

Purchase

220

33.8700 USD

common stock

Purchase

210

33.6758 USD

common stock

Purchase

200

33.6750 USD

common stock

Purchase

200

33.8250 USD

common stock

Purchase

181

33.5925 USD

common stock

Purchase

143

33.6417 USD

common stock

Purchase

112

33.6788 USD

common stock

Purchase

100

33.5700 USD

common stock

Purchase

100

33.8500 USD

common stock

Purchase

100

33.5650 USD

common stock

Purchase

76

33.5544 USD

common stock

Purchase

24

33.5562 USD

common stock

Purchase

1

33.8800 USD

common stock

Sale

330,000

33.7763 USD

common stock

Sale

183,650

33.7843 USD

common stock

Sale

86,289

33.7508 USD

common stock

Sale

80,699

33.8442 USD

common stock

Sale

58,212

33.7862 USD

common stock

Sale

56,233

33.7302 USD

common stock

Sale

55,042

33.7186 USD

common stock

Sale

39,060

33.6831 USD

common stock

Sale

36,930

33.8512 USD

common stock

Sale

30,000

33.5800 USD

common stock

Sale

27,172

33.8365 USD

common stock

Sale

26,027

33.7792 USD

common stock

Sale

24,206

33.7994 USD

common stock

Sale

22,014

33.7433 USD

common stock

Sale

21,993

33.8150 USD

common stock

Sale

16,346

33.8100 USD

common stock

Sale

12,296

33.7011 USD

common stock

Sale

11,800

33.7390 USD

common stock

Sale

10,003

33.8759 USD

common stock

Sale

9,646

33.8507 USD

common stock

Sale

8,405

33.6418 USD

common stock

Sale

8,018

33.8887 USD

common stock

Sale

7,205

33.7001 USD

common stock

Sale

5,922

33.6759 USD

common stock

Sale

5,742

33.7389 USD

common stock

Sale

4,929

33.8851 USD

common stock

Sale

4,811

33.6150 USD

common stock

Sale

4,474

33.7230 USD

common stock

Sale

3,676

33.7821 USD

common stock

Sale

2,588

33.6556 USD

common stock

Sale

2,543

33.5270 USD

common stock

Sale

2,491

33.6819 USD

common stock

Sale

2,040

33.8659 USD

common stock

Sale

2,015

33.6814 USD

common stock

Sale

2,007

33.5441 USD

common stock

Sale

1,770

33.6991 USD

common stock

Sale

1,770

33.7192 USD

common stock

Sale

1,550

33.9219 USD

common stock

Sale

1,516

33.5999 USD

common stock

Sale

1,473

33.7435 USD

common stock

Sale

1,422

33.9109 USD

common stock

Sale

1,386

33.7770 USD

common stock

Sale

1,252

33.7200 USD

common stock

Sale

1,248

33.9131 USD

common stock

Sale

1,213

33.8300 USD

common stock

Sale

1,179

33.7210 USD

common stock

Sale

1,000

33.4875 USD

common stock

Sale

994

33.8522 USD

common stock

Sale

992

33.7989 USD

common stock

Sale

637

33.6809 USD

common stock

Sale

500

33.7680 USD

common stock

Sale

490

33.7742 USD

common stock

Sale

488

33.7665 USD

common stock

Sale

452

33.8544 USD

common stock

Sale

400

33.5675 USD

common stock

Sale

400

33.7400 USD

common stock

Sale

400

33.7037 USD

common stock

Sale

400

33.5750 USD

common stock

Sale

400

33.7300 USD

common stock

Sale

300

33.5566 USD

common stock

Sale

300

33.6200 USD

common stock

Sale

298

33.8500 USD

common stock

Sale

277

33.8796 USD

common stock

Sale

220

33.8700 USD

common stock

Sale

220

33.6350 USD

common stock

Sale

210

33.6758 USD

common stock

Sale

210

33.7799 USD

common stock

Sale

200

33.8250 USD

common stock

Sale

200

33.7150 USD

common stock

Sale

189

33.8400 USD

common stock

Sale

168

33.4700 USD

common stock

Sale

100

33.7520 USD

common stock

Sale

52

33.4742 USD

common stock

Sale

24

33.5562 USD

common stock

Sale

16

33.5600 USD

common stock

Sale

14

33.9100 USD

common stock

Sale

10

33.5300 USD

common stock

Sale

4

33.8600 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

44,900

33.6911 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:

29 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213