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:

22 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:

15,589,085

1.13%

10,803,593

0.78%

(2)

Cash-settled derivatives:

and/or controlled:

7,278,488

0.53%

15,227,360

1.11%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

22,867,573

1.66%

26,030,953

1.89%

(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

549,651

3.4963 GBP

10p ordinary

Purchase

279,387

3.4950 GBP

10p ordinary

Purchase

210,847

3.4970 GBP

10p ordinary

Purchase

118,986

3.4988 GBP

10p ordinary

Purchase

94,982

3.4944 GBP

10p ordinary

Purchase

50,733

3.4986 GBP

10p ordinary

Purchase

36,856

3.4969 GBP

10p ordinary

Purchase

35,843

3.4935 GBP

10p ordinary

Purchase

27,800

3.4974 GBP

10p ordinary

Purchase

25,112

3.4989 GBP

10p ordinary

Purchase

17,194

3.4947 GBP

10p ordinary

Purchase

15,103

3.4987 GBP

10p ordinary

Purchase

14,615

3.4992 GBP

10p ordinary

Purchase

12,704

3.4982 GBP

10p ordinary

Purchase

8,216

3.4938 GBP

10p ordinary

Purchase

5,267

3.4920 GBP

10p ordinary

Purchase

4,986

3.4981 GBP

10p ordinary

Purchase

4,508

3.5000 GBP

10p ordinary

Purchase

3,830

3.4973 GBP

10p ordinary

Purchase

1,970

3.4957 GBP

10p ordinary

Purchase

1,830

3.4911 GBP

10p ordinary

Purchase

1,543

3.4951 GBP

10p ordinary

Purchase

1,465

3.4936 GBP

10p ordinary

Purchase

1,106

3.4760 GBP

10p ordinary

Purchase

970

3.4980 GBP

10p ordinary

Purchase

949

3.4930 GBP

10p ordinary

Purchase

788

3.4990 GBP

10p ordinary

Purchase

379

3.4870 GBP

10p ordinary

Purchase

242

3.4955 GBP

10p ordinary

Sale

659,970

3.4969 GBP

10p ordinary

Sale

221,536

3.4970 GBP

10p ordinary

Sale

111,813

3.4988 GBP

10p ordinary

Sale

56,904

3.4974 GBP

10p ordinary

Sale

52,694

3.4962 GBP

10p ordinary

Sale

47,130

3.4985 GBP

10p ordinary

Sale

33,767

3.4972 GBP

10p ordinary

Sale

26,050

3.4965 GBP

10p ordinary

Sale

21,890

3.4991 GBP

10p ordinary

Sale

17,514

3.5000 GBP

10p ordinary

Sale

13,971

3.4984 GBP

10p ordinary

Sale

13,255

3.4987 GBP

10p ordinary

Sale

10,000

3.4860 GBP

10p ordinary

Sale

8,185

3.4997 GBP

10p ordinary

Sale

3,860

3.4994 GBP

10p ordinary

Sale

3,252

3.4909 GBP

10p ordinary

Sale

2,800

3.4976 GBP

10p ordinary

Sale

1,147

3.4936 GBP

10p ordinary

Sale

1,106

3.4760 GBP

10p ordinary

Sale

970

3.4980 GBP

10p ordinary

Sale

950

3.4990 GBP

10p ordinary

Sale

749

3.4941 GBP

10p ordinary

Sale

392

3.4960 GBP

10p ordinary

Sale

117

3.4920 GBP

10p ordinary

Sale

20

3.4950 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

89

3.5010 GBP

10p ordinary

SWAP

Decreasing Long

699

3.4987 GBP

10p ordinary

SWAP

Decreasing Long

1,543

3.4951 GBP

10p ordinary

SWAP

Decreasing Long

1,923

3.4968 GBP

10p ordinary

SWAP

Decreasing Long

1,970

3.4957 GBP

10p ordinary

SWAP

Decreasing Long

3,830

3.4973 GBP

10p ordinary

SWAP

Decreasing Long

17,194

3.4947 GBP

10p ordinary

SWAP

Decreasing Long

30,806

3.4971 GBP

10p ordinary

CFD

Decreasing Short

117

3.4920 GBP

10p ordinary

CFD

Decreasing Short

297

3.4969 GBP

10p ordinary

CFD

Decreasing Short

2,225

3.4967 GBP

10p ordinary

SWAP

Decreasing Short

10,000

3.4860 GBP

10p ordinary

CFD

Decreasing Short

12,019

3.4946 GBP

10p ordinary

SWAP

Decreasing Short

15,419

3.4960 GBP

10p ordinary

SWAP

Decreasing Short

33,767

3.4972 GBP

10p ordinary

CFD

Decreasing Short

174,548

3.4970 GBP

10p ordinary

SWAP

Decreasing Short

206,492

3.4970 GBP

10p ordinary

SWAP

Increasing Long

392

3.4960 GBP

10p ordinary

SWAP

Increasing Long

1,293

3.4909 GBP

10p ordinary

SWAP

Increasing Long

17,166

3.4973 GBP

10p ordinary

SWAP

Increasing Long

52,694

3.4962 GBP

10p ordinary

SWAP

Increasing Long

119,246

3.4969 GBP

10p ordinary

SWAP

Increasing Long

142,049

3.4970 GBP

10p ordinary

CFD

Increasing Short

297

3.4969 GBP

10p ordinary

SWAP

Increasing Short

380

3.4990 GBP

10p ordinary

CFD

Increasing Short

1,106

3.4760 GBP

10p ordinary

SWAP

Increasing Short

1,830

3.4911 GBP

10p ordinary

CFD

Increasing Short

2,225

3.4762 GBP

10p ordinary

SWAP

Increasing Short

15,408

3.4947 GBP

10p ordinary

CFD

Increasing Short

29,377

3.4970 GBP

10p ordinary

SWAP

Increasing Short

41,464

3.4944 GBP

10p ordinary

SWAP

Increasing Short

311,274

3.4946 GBP

10p ordinary

SWAP

Increasing Short

549,651

3.4963 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:

25 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213