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:

29 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:

731,557

0.21%

733,537

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:

1,153,117

0.33%

761,152

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

652,641

35.1075 USD

common stock

Purchase

68,455

35.0923 USD

common stock

Purchase

49,117

34.9879 USD

common stock

Purchase

33,804

34.8685 USD

common stock

Purchase

27,836

35.0577 USD

common stock

Purchase

26,075

35.3002 USD

common stock

Purchase

17,108

35.2657 USD

common stock

Purchase

16,087

34.7579 USD

common stock

Purchase

7,499

35.2054 USD

common stock

Purchase

4,201

35.3200 USD

common stock

Purchase

3,762

34.9305 USD

common stock

Purchase

3,616

35.0318 USD

common stock

Purchase

3,566

35.0835 USD

common stock

Purchase

3,381

35.0591 USD

common stock

Purchase

1,681

35.1992 USD

common stock

Purchase

1,388

34.9598 USD

common stock

Purchase

1,185

34.9538 USD

common stock

Purchase

1,175

35.0059 USD

common stock

Purchase

1,140

35.1227 USD

common stock

Purchase

1,014

35.0938 USD

common stock

Purchase

1,000

34.7865 USD

common stock

Purchase

894

35.2213 USD

common stock

Purchase

781

34.9935 USD

common stock

Purchase

692

35.0977 USD

common stock

Purchase

611

35.1361 USD

common stock

Purchase

580

34.9268 USD

common stock

Purchase

500

34.8231 USD

common stock

Purchase

450

35.1644 USD

common stock

Purchase

438

35.2022 USD

common stock

Purchase

404

35.2244 USD

common stock

Purchase

388

34.9651 USD

common stock

Purchase

322

34.8200 USD

common stock

Purchase

316

34.9611 USD

common stock

Purchase

281

34.9235 USD

common stock

Purchase

200

35.0300 USD

common stock

Purchase

200

34.8550 USD

common stock

Purchase

197

34.9287 USD

common stock

Purchase

130

34.9501 USD

common stock

Purchase

114

34.9783 USD

common stock

Purchase

85

35.1223 USD

common stock

Purchase

51

34.9868 USD

common stock

Purchase

49

34.8752 USD

common stock

Purchase

45

34.6950 USD

common stock

Purchase

38

35.0510 USD

common stock

Purchase

27

35.0550 USD

common stock

Purchase

2

34.0600 USD

common stock

Sale

166,824

35.0920 USD

common stock

Sale

135,460

35.1992 USD

common stock

Sale

125,564

35.0882 USD

common stock

Sale

114,449

35.0766 USD

common stock

Sale

56,024

35.0440 USD

common stock

Sale

44,311

34.9769 USD

common stock

Sale

35,084

35.0709 USD

common stock

Sale

32,344

35.1332 USD

common stock

Sale

31,022

35.0433 USD

common stock

Sale

29,392

35.2957 USD

common stock

Sale

27,836

35.0577 USD

common stock

Sale

22,989

34.9570 USD

common stock

Sale

20,800

35.0694 USD

common stock

Sale

20,285

35.0456 USD

common stock

Sale

16,262

35.0686 USD

common stock

Sale

11,275

35.0453 USD

common stock

Sale

10,292

35.0822 USD

common stock

Sale

9,538

34.7882 USD

common stock

Sale

7,499

35.2054 USD

common stock

Sale

6,967

34.8599 USD

common stock

Sale

3,480

34.9232 USD

common stock

Sale

3,381

35.0591 USD

common stock

Sale

3,270

35.0743 USD

common stock

Sale

1,592

34.9948 USD

common stock

Sale

1,379

34.9073 USD

common stock

Sale

1,372

34.6969 USD

common stock

Sale

1,360

35.0293 USD

common stock

Sale

1,120

35.2176 USD

common stock

Sale

1,107

35.0107 USD

common stock

Sale

1,037

35.1466 USD

common stock

Sale

1,007

35.0922 USD

common stock

Sale

894

35.2213 USD

common stock

Sale

798

35.0210 USD

common stock

Sale

724

34.8991 USD

common stock

Sale

700

35.2214 USD

common stock

Sale

611

35.1361 USD

common stock

Sale

535

35.0037 USD

common stock

Sale

493

34.8906 USD

common stock

Sale

461

35.0396 USD

common stock

Sale

404

35.2244 USD

common stock

Sale

400

34.9775 USD

common stock

Sale

400

35.3162 USD

common stock

Sale

345

34.7250 USD

common stock

Sale

300

35.1933 USD

common stock

Sale

300

35.0133 USD

common stock

Sale

292

35.1031 USD

common stock

Sale

276

35.3055 USD

common stock

Sale

207

35.0178 USD

common stock

Sale

206

35.1666 USD

common stock

Sale

200

35.0300 USD

common stock

Sale

188

35.2672 USD

common stock

Sale

155

35.0416 USD

common stock

Sale

109

35.0726 USD

common stock

Sale

100

34.8500 USD

common stock

Sale

100

34.8200 USD

common stock

Sale

100

35.3900 USD

common stock

Sale

80

35.1450 USD

common stock

Sale

45

34.6950 USD

common stock

Sale

38

35.0510 USD

common stock

Sale

27

35.0550 USD

common stock

Sale

19

35.2850 USD

common stock

Sale

17

35.2076 USD

common stock

Sale

14

35.3092 USD

common stock

Sale

3

35.4000 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

26,700

35.0444 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:

30 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213