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:

21 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 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:

10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

15,086,007

1.10%

10,525,092

0.76%

(2)

Cash-settled derivatives:

and/or controlled:

7,575,178

0.55%

15,301,023

1.11%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

22,661,185

1.65%

25,826,115

1.87%

(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

281,933

3.4961 GBP

10p ordinary

Purchase

273,740

3.4958 GBP

10p ordinary

Purchase

262,977

3.4906 GBP

10p ordinary

Purchase

235,550

3.4890 GBP

10p ordinary

Purchase

150,000

3.4922 GBP

10p ordinary

Purchase

114,754

3.4883 GBP

10p ordinary

Purchase

84,246

3.4821 GBP

10p ordinary

Purchase

66,502

3.5002 GBP

10p ordinary

Purchase

51,916

3.4924 GBP

10p ordinary

Purchase

44,634

3.4938 GBP

10p ordinary

Purchase

33,638

3.4940 GBP

10p ordinary

Purchase

31,797

3.4937 GBP

10p ordinary

Purchase

25,640

3.4972 GBP

10p ordinary

Purchase

18,562

3.4904 GBP

10p ordinary

Purchase

10,827

3.4703 GBP

10p ordinary

Purchase

9,802

3.4930 GBP

10p ordinary

Purchase

8,993

3.4965 GBP

10p ordinary

Purchase

7,428

3.4933 GBP

10p ordinary

Purchase

4,922

3.4855 GBP

10p ordinary

Purchase

3,744

3.5040 GBP

10p ordinary

Purchase

3,056

3.4974 GBP

10p ordinary

Purchase

2,619

3.5028 GBP

10p ordinary

Purchase

2,597

3.4925 GBP

10p ordinary

Purchase

2,409

3.4955 GBP

10p ordinary

Purchase

2,281

3.4812 GBP

10p ordinary

Purchase

2,218

3.4850 GBP

10p ordinary

Purchase

2,134

3.4976 GBP

10p ordinary

Purchase

1,874

3.4750 GBP

10p ordinary

Purchase

1,775

3.4710 GBP

10p ordinary

Purchase

1,554

3.4985 GBP

10p ordinary

Purchase

1,473

3.5024 GBP

10p ordinary

Purchase

1,367

3.4975 GBP

10p ordinary

Purchase

1,283

3.4900 GBP

10p ordinary

Purchase

1,001

3.4790 GBP

10p ordinary

Purchase

863

3.4950 GBP

10p ordinary

Purchase

803

3.4910 GBP

10p ordinary

Purchase

803

3.4990 GBP

10p ordinary

Purchase

541

3.4908 GBP

10p ordinary

Purchase

452

3.4730 GBP

10p ordinary

Purchase

312

3.4870 GBP

10p ordinary

Purchase

255

3.5010 GBP

10p ordinary

Sale

2,800,642

3.4750 GBP

10p ordinary

Sale

163,420

3.4962 GBP

10p ordinary

Sale

147,115

3.4921 GBP

10p ordinary

Sale

130,408

3.4889 GBP

10p ordinary

Sale

110,676

3.4890 GBP

10p ordinary

Sale

84,466

3.4963 GBP

10p ordinary

Sale

77,248

3.4951 GBP

10p ordinary

Sale

68,586

3.4959 GBP

10p ordinary

Sale

65,559

3.4930 GBP

10p ordinary

Sale

55,384

3.4923 GBP

10p ordinary

Sale

54,215

3.4891 GBP

10p ordinary

Sale

52,018

3.4925 GBP

10p ordinary

Sale

44,634

3.4938 GBP

10p ordinary

Sale

28,061

3.4950 GBP

10p ordinary

Sale

23,850

3.4877 GBP

10p ordinary

Sale

21,042

3.4916 GBP

10p ordinary

Sale

18,269

3.4833 GBP

10p ordinary

Sale

15,837

3.4846 GBP

10p ordinary

Sale

14,475

3.4943 GBP

10p ordinary

Sale

11,616

3.4969 GBP

10p ordinary

Sale

11,082

3.4970 GBP

10p ordinary

Sale

6,336

3.4828 GBP

10p ordinary

Sale

5,935

3.4871 GBP

10p ordinary

Sale

5,652

3.4987 GBP

10p ordinary

Sale

5,493

3.4840 GBP

10p ordinary

Sale

5,445

3.4968 GBP

10p ordinary

Sale

5,178

3.4907 GBP

10p ordinary

Sale

4,922

3.4855 GBP

10p ordinary

Sale

4,780

3.4940 GBP

10p ordinary

Sale

4,599

3.4864 GBP

10p ordinary

Sale

3,703

3.4783 GBP

10p ordinary

Sale

3,660

3.4939 GBP

10p ordinary

Sale

3,447

3.4965 GBP

10p ordinary

Sale

3,332

3.4703 GBP

10p ordinary

Sale

3,284

3.4815 GBP

10p ordinary

Sale

3,159

3.4960 GBP

10p ordinary

Sale

3,110

3.4728 GBP

10p ordinary

Sale

2,883

3.4710 GBP

10p ordinary

Sale

2,693

3.4803 GBP

10p ordinary

Sale

2,495

3.4899 GBP

10p ordinary

Sale

2,358

3.4971 GBP

10p ordinary

Sale

2,281

3.4812 GBP

10p ordinary

Sale

1,789

3.4760 GBP

10p ordinary

Sale

1,710

3.4975 GBP

10p ordinary

Sale

1,556

3.4910 GBP

10p ordinary

Sale

1,372

3.5024 GBP

10p ordinary

Sale

1,366

3.4820 GBP

10p ordinary

Sale

1,283

3.4900 GBP

10p ordinary

Sale

1,152

3.4947 GBP

10p ordinary

Sale

1,013

3.4860 GBP

10p ordinary

Sale

1,001

3.4790 GBP

10p ordinary

Sale

847

3.4725 GBP

10p ordinary

Sale

803

3.4990 GBP

10p ordinary

Sale

572

3.4915 GBP

10p ordinary

Sale

452

3.4730 GBP

10p ordinary

Sale

248

3.4720 GBP

10p ordinary

Sale

28,046

3.4870 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

Decreasing Long

150

3.4750 GBP

10p ordinary

SWAP

Decreasing Long

255

3.5010 GBP

10p ordinary

SWAP

Decreasing Long

547

3.4830 GBP

10p ordinary

SWAP

Decreasing Long

1,037

3.4842 GBP

10p ordinary

SWAP

Decreasing Long

1,551

3.4955 GBP

10p ordinary

SWAP

Decreasing Long

2,027

3.4890 GBP

10p ordinary

SWAP

Decreasing Long

3,056

3.4974 GBP

10p ordinary

SWAP

Decreasing Long

8,064

3.4985 GBP

10p ordinary

SWAP

Decreasing Long

18,562

3.4904 GBP

10p ordinary

SWAP

Decreasing Long

57,401

3.5008 GBP

10p ordinary

CFD

Decreasing Short

377

3.4889 GBP

10p ordinary

CFD

Decreasing Short

4,002

3.4890 GBP

10p ordinary

CFD

Decreasing Short

6,311

3.4973 GBP

10p ordinary

SWAP

Decreasing Short

26,271

3.4890 GBP

10p ordinary

SWAP

Decreasing Short

40,385

3.4916 GBP

10p ordinary

SWAP

Decreasing Short

77,248

3.4951 GBP

10p ordinary

SWAP

Increasing Long

1,168

3.4938 GBP

10p ordinary

SWAP

Increasing Long

2,342

3.4916 GBP

10p ordinary

SWAP

Increasing Long

6,150

3.4925 GBP

10p ordinary

SWAP

Increasing Long

14,396

3.4889 GBP

10p ordinary

SWAP

Increasing Long

14,892

3.4912 GBP

10p ordinary

SWAP

Increasing Long

24,206

3.4953 GBP

10p ordinary

SWAP

Increasing Long

37,492

3.4892 GBP

10p ordinary

SWAP

Increasing Long

38,806

3.4890 GBP

10p ordinary

SWAP

Increasing Long

61,292

3.4964 GBP

10p ordinary

CFD

Increasing Short

377

3.4889 GBP

10p ordinary

CFD

Increasing Short

1,283

3.4900 GBP

10p ordinary

SWAP

Increasing Short

1,476

3.4891 GBP

10p ordinary

SWAP

Increasing Short

3,529

3.4903 GBP

10p ordinary

SWAP

Increasing Short

9,887

3.4936 GBP

10p ordinary

SWAP

Increasing Short

39,965

3.4933 GBP

10p ordinary

CFD

Increasing Short

116,012

3.4890 GBP

10p ordinary

SWAP

Increasing Short

233,740

3.4902 GBP

10p ordinary

SWAP

Increasing Short

267,280

3.4958 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:

22 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213