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

DS SMITH PLC

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:

28 Mar 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?

MONDI PLCINTERNATIONAL PAPER CO

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:

10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

14,205,776

1.03%

15,573,998

1.13%

(2)

Cash-settled derivatives:

and/or controlled:

11,883,315

0.86%

12,503,537

0.91%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

26,089,091

1.89%

28,077,535

2.04%

(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

10p ordinary

Purchase

1,867,567

3.9990 GBP

10p ordinary

Purchase

1,844,569

3.9670 GBP

10p ordinary

Purchase

1,339,593

3.9681 GBP

10p ordinary

Purchase

500,000

3.9634 GBP

10p ordinary

Purchase

460,338

3.9752 GBP

10p ordinary

Purchase

451,629

3.9746 GBP

10p ordinary

Purchase

438,949

3.9885 GBP

10p ordinary

Purchase

272,053

3.9660 GBP

10p ordinary

Purchase

158,045

3.9778 GBP

10p ordinary

Purchase

147,805

3.9696 GBP

10p ordinary

Purchase

95,354

3.9573 GBP

10p ordinary

Purchase

32,146

3.9545 GBP

10p ordinary

Purchase

30,621

3.9623 GBP

10p ordinary

Purchase

29,250

3.9958 GBP

10p ordinary

Purchase

19,831

3.9909 GBP

10p ordinary

Purchase

17,434

3.9501 GBP

10p ordinary

Purchase

15,818

3.9797 GBP

10p ordinary

Purchase

10,875

3.9904 GBP

10p ordinary

Purchase

7,490

3.9805 GBP

10p ordinary

Purchase

6,049

3.9770 GBP

10p ordinary

Purchase

4,489

3.9985 GBP

10p ordinary

Purchase

4,157

3.9876 GBP

10p ordinary

Purchase

3,679

3.9818 GBP

10p ordinary

Purchase

3,575

3.9535 GBP

10p ordinary

Purchase

3,307

3.9550 GBP

10p ordinary

Purchase

2,323

3.9720 GBP

10p ordinary

Purchase

1,630

3.9652 GBP

10p ordinary

Purchase

1,337

3.9629 GBP

10p ordinary

Purchase

765

4.0010 GBP

10p ordinary

Purchase

309

3.9636 GBP

10p ordinary

Sale

924,686

3.9680 GBP

10p ordinary

Sale

922,082

3.9681 GBP

10p ordinary

Sale

808,632

4.0000 GBP

10p ordinary

Sale

700,161

3.9670 GBP

10p ordinary

Sale

513,994

3.9868 GBP

10p ordinary

Sale

460,674

3.9909 GBP

10p ordinary

Sale

366,380

3.9762 GBP

10p ordinary

Sale

343,267

3.9814 GBP

10p ordinary

Sale

277,213

3.9832 GBP

10p ordinary

Sale

203,078

3.9994 GBP

10p ordinary

Sale

182,911

3.9975 GBP

10p ordinary

Sale

123,565

3.9881 GBP

10p ordinary

Sale

109,973

3.9820 GBP

10p ordinary

Sale

87,128

3.9671 GBP

10p ordinary

Sale

74,824

3.9987 GBP

10p ordinary

Sale

65,269

3.9801 GBP

10p ordinary

Sale

61,455

3.9939 GBP

10p ordinary

Sale

43,929

3.9806 GBP

10p ordinary

Sale

26,953

3.9858 GBP

10p ordinary

Sale

24,083

3.9851 GBP

10p ordinary

Sale

16,648

3.9884 GBP

10p ordinary

Sale

14,963

3.9837 GBP

10p ordinary

Sale

12,261

3.9950 GBP

10p ordinary

Sale

11,544

3.9780 GBP

10p ordinary

Sale

8,286

3.9642 GBP

10p ordinary

Sale

7,490

3.9809 GBP

10p ordinary

Sale

7,046

3.9450 GBP

10p ordinary

Sale

6,807

3.9997 GBP

10p ordinary

Sale

6,267

3.9860 GBP

10p ordinary

Sale

6,137

3.9607 GBP

10p ordinary

Sale

5,737

4.0005 GBP

10p ordinary

Sale

5,438

3.9553 GBP

10p ordinary

Sale

4,489

3.9985 GBP

10p ordinary

Sale

4,157

3.9880 GBP

10p ordinary

Sale

3,687

3.9891 GBP

10p ordinary

Sale

3,679

3.9822 GBP

10p ordinary

Sale

3,586

3.9886 GBP

10p ordinary

Sale

2,732

3.9644 GBP

10p ordinary

Sale

2,700

3.9774 GBP

10p ordinary

Sale

2,554

3.9585 GBP

10p ordinary

Sale

2,323

3.9720 GBP

10p ordinary

Sale

2,098

3.9503 GBP

10p ordinary

Sale

1,732

3.9499 GBP

10p ordinary

Sale

46

3.9570 GBP

10p ordinary

Sale

10

3.9636 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

10p ordinary

SWAP

Closing Short

20,000

3.9549 GBP

10p ordinary

SWAP

Decreasing Long

1,492

3.9430 GBP

10p ordinary

SWAP

Decreasing Long

1,630

3.9652 GBP

10p ordinary

SWAP

Decreasing Long

3,307

3.9550 GBP

10p ordinary

SWAP

Decreasing Long

3,616

3.9437 GBP

10p ordinary

SWAP

Decreasing Long

6,973

3.9550 GBP

10p ordinary

SWAP

Decreasing Long

20,065

3.9572 GBP

10p ordinary

SWAP

Decreasing Long

39,994

3.9668 GBP

10p ordinary

SWAP

Decreasing Long

69,350

3.9670 GBP

10p ordinary

SWAP

Decreasing Long

95,354

3.9573 GBP

10p ordinary

SWAP

Decreasing Long

272,053

3.9660 GBP

10p ordinary

SWAP

Decreasing Long

409,649

3.9670 GBP

10p ordinary

SWAP

Decreasing Long

500,000

3.9634 GBP

10p ordinary

CFD

Decreasing Short

215

3.9806 GBP

10p ordinary

CFD

Decreasing Short

587

3.9678 GBP

10p ordinary

CFD

Decreasing Short

602

3.9670 GBP

10p ordinary

SWAP

Decreasing Short

660

3.9570 GBP

10p ordinary

CFD

Decreasing Short

1,572

3.9505 GBP

10p ordinary

CFD

Decreasing Short

4,489

3.9985 GBP

10p ordinary

CFD

Decreasing Short

38,328

3.9702 GBP

10p ordinary

SWAP

Decreasing Short

200,000

3.9664 GBP

10p ordinary

CFD

Decreasing Short

680,417

3.9669 GBP

10p ordinary

CFD

Increasing Long

745

3.9505 GBP

10p ordinary

SWAP

Increasing Long

956

3.9687 GBP

10p ordinary

SWAP

Increasing Long

1,530

3.9676 GBP

10p ordinary

SWAP

Increasing Long

1,622

3.9896 GBP

10p ordinary

SWAP

Increasing Long

1,666

3.9582 GBP

10p ordinary

SWAP

Increasing Long

1,712

3.9559 GBP

10p ordinary

SWAP

Increasing Long

2,700

3.9774 GBP

10p ordinary

SWAP

Increasing Long

3,466

3.9827 GBP

10p ordinary

SWAP

Increasing Long

61,455

3.9939 GBP

10p ordinary

SWAP

Increasing Long

85,768

3.9667 GBP

10p ordinary

SWAP

Increasing Long

152,078

3.9915 GBP

10p ordinary

SWAP

Increasing Long

186,101

3.9732 GBP

10p ordinary

SWAP

Increasing Long

277,213

3.9832 GBP

10p ordinary

SWAP

Increasing Long

366,380

3.9762 GBP

10p ordinary

CFD

Increasing Short

765

4.0010 GBP

10p ordinary

SWAP

Increasing Short

1,120

3.9726 GBP

10p ordinary

CFD

Increasing Short

2,323

3.9720 GBP

10p ordinary

SWAP

Increasing Short

2,497

3.9711 GBP

10p ordinary

SWAP

Increasing Short

7,990

3.9699 GBP

10p ordinary

CFD

Increasing Short

10,875

3.9903 GBP

10p ordinary

SWAP

Increasing Short

18,371

3.9697 GBP

10p ordinary

CFD

Increasing Short

49,052

3.9669 GBP

10p ordinary

CFD

Increasing Short

103,122

3.9673 GBP

10p ordinary

SWAP

Increasing Short

438,949

3.9885 GBP

10p ordinary

CFD

Increasing Short

623,177

3.9670 GBP

10p ordinary

SWAP

Increasing Short

742,399

3.9700 GBP

10p ordinary

SWAP

Opening Long

136,416

3.9670 GBP

10p ordinary

SWAP

Opening Long

143,287

3.9722 GBP

(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:

02 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213