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:

24 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:

743,142

0.21%

655,394

0.19%

(2)

Cash-settled derivatives:

and/or controlled:

339,357

0.10%

27,615

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,082,499

0.31%

683,009

0.20%

(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

149,881

34.3586 USD

common stock

Purchase

143,800

34.3098 USD

common stock

Purchase

68,529

34.1811 USD

common stock

Purchase

34,518

34.2392 USD

common stock

Purchase

33,364

34.2250 USD

common stock

Purchase

18,169

34.1717 USD

common stock

Purchase

17,115

34.4326 USD

common stock

Purchase

10,432

34.4300 USD

common stock

Purchase

7,248

34.1122 USD

common stock

Purchase

5,646

34.3888 USD

common stock

Purchase

4,171

34.4629 USD

common stock

Purchase

2,946

34.2641 USD

common stock

Purchase

2,682

34.2027 USD

common stock

Purchase

2,534

34.3423 USD

common stock

Purchase

2,275

34.2623 USD

common stock

Purchase

2,266

34.2910 USD

common stock

Purchase

1,865

34.1698 USD

common stock

Purchase

1,800

34.4633 USD

common stock

Purchase

1,740

34.3570 USD

common stock

Purchase

1,591

34.4299 USD

common stock

Purchase

1,400

34.1496 USD

common stock

Purchase

1,308

34.2671 USD

common stock

Purchase

1,300

34.1500 USD

common stock

Purchase

897

34.2751 USD

common stock

Purchase

784

34.2811 USD

common stock

Purchase

694

34.2714 USD

common stock

Purchase

674

34.2709 USD

common stock

Purchase

640

34.4448 USD

common stock

Purchase

532

34.2236 USD

common stock

Purchase

521

34.4337 USD

common stock

Purchase

495

34.4994 USD

common stock

Purchase

485

34.2782 USD

common stock

Purchase

200

34.5000 USD

common stock

Purchase

177

34.4635 USD

common stock

Purchase

138

34.4924 USD

common stock

Purchase

120

34.4700 USD

common stock

Purchase

105

32.0000 EUR

common stock

Purchase

100

34.2650 USD

common stock

Purchase

100

34.1450 USD

common stock

Purchase

100

34.5200 USD

common stock

Purchase

100

34.3700 USD

common stock

Purchase

99

34.2100 USD

common stock

Purchase

78

34.4023 USD

common stock

Purchase

66

34.2579 USD

common stock

Purchase

5

34.2300 USD

common stock

Sale

217,193

34.2622 USD

common stock

Sale

71,707

34.3929 USD

common stock

Sale

25,775

34.2966 USD

common stock

Sale

22,860

34.3616 USD

common stock

Sale

20,997

34.2004 USD

common stock

Sale

20,139

34.1822 USD

common stock

Sale

17,090

34.4233 USD

common stock

Sale

15,708

34.1589 USD

common stock

Sale

15,606

34.2813 USD

common stock

Sale

13,143

34.2909 USD

common stock

Sale

9,822

34.3335 USD

common stock

Sale

7,579

34.4299 USD

common stock

Sale

6,894

34.3348 USD

common stock

Sale

6,882

34.3656 USD

common stock

Sale

5,461

34.3376 USD

common stock

Sale

5,370

34.4300 USD

common stock

Sale

4,344

34.3224 USD

common stock

Sale

4,171

34.4629 USD

common stock

Sale

2,534

34.3423 USD

common stock

Sale

2,275

34.2623 USD

common stock

Sale

2,266

34.2910 USD

common stock

Sale

1,957

34.3329 USD

common stock

Sale

1,759

34.0882 USD

common stock

Sale

1,717

34.1662 USD

common stock

Sale

1,697

34.4270 USD

common stock

Sale

1,676

34.3220 USD

common stock

Sale

1,417

34.2377 USD

common stock

Sale

1,400

34.1496 USD

common stock

Sale

1,364

34.2105 USD

common stock

Sale

843

34.3253 USD

common stock

Sale

800

34.1762 USD

common stock

Sale

700

34.2314 USD

common stock

Sale

700

34.3150 USD

common stock

Sale

632

34.4409 USD

common stock

Sale

600

34.3250 USD

common stock

Sale

487

34.2961 USD

common stock

Sale

413

34.3222 USD

common stock

Sale

328

34.4278 USD

common stock

Sale

258

34.4067 USD

common stock

Sale

237

34.3820 USD

common stock

Sale

233

34.4772 USD

common stock

Sale

200

34.3300 USD

common stock

Sale

200

34.5000 USD

common stock

Sale

178

34.4254 USD

common stock

Sale

148

34.2110 USD

common stock

Sale

129

34.2150 USD

common stock

Sale

126

34.2523 USD

common stock

Sale

120

34.4700 USD

common stock

Sale

105

32.0000 EUR

common stock

Sale

101

34.2668 USD

common stock

Sale

100

34.3900 USD

common stock

Sale

100

34.4600 USD

common stock

Sale

100

34.4150 USD

common stock

Sale

100

34.1400 USD

common stock

Sale

78

34.4023 USD

common stock

Sale

66

34.2579 USD

common stock

Sale

26

34.4400 USD

common stock

Sale

5

34.4050 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:

25 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213