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:

26 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:

15,789,689

1.15%

12,091,836

0.88%

(2)

Cash-settled derivatives:

and/or controlled:

8,458,082

0.61%

15,365,001

1.12%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

24,247,771

1.76%

27,456,837

1.99%

(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

198,953

3.5705 GBP

10p ordinary

Purchase

162,657

3.5132 GBP

10p ordinary

Purchase

126,737

3.5476 GBP

10p ordinary

Purchase

123,000

3.5964 GBP

10p ordinary

Purchase

94,201

3.5954 GBP

10p ordinary

Purchase

86,758

3.5657 GBP

10p ordinary

Purchase

57,330

3.5818 GBP

10p ordinary

Purchase

38,084

3.5980 GBP

10p ordinary

Purchase

29,969

3.4787 GBP

10p ordinary

Purchase

29,805

3.5724 GBP

10p ordinary

Purchase

29,395

3.5828 GBP

10p ordinary

Purchase

27,104

3.5778 GBP

10p ordinary

Purchase

23,999

3.5929 GBP

10p ordinary

Purchase

17,370

3.5985 GBP

10p ordinary

Purchase

16,051

3.5755 GBP

10p ordinary

Purchase

13,755

3.5791 GBP

10p ordinary

Purchase

10,924

3.5955 GBP

10p ordinary

Purchase

10,202

3.5880 GBP

10p ordinary

Purchase

9,387

3.5633 GBP

10p ordinary

Purchase

9,197

3.5737 GBP

10p ordinary

Purchase

8,183

3.5897 GBP

10p ordinary

Purchase

7,939

3.5691 GBP

10p ordinary

Purchase

7,865

3.5927 GBP

10p ordinary

Purchase

7,622

3.5904 GBP

10p ordinary

Purchase

7,455

3.5688 GBP

10p ordinary

Purchase

7,207

3.5740 GBP

10p ordinary

Purchase

7,016

3.5833 GBP

10p ordinary

Purchase

6,571

3.5721 GBP

10p ordinary

Purchase

6,164

3.5652 GBP

10p ordinary

Purchase

5,798

3.5906 GBP

10p ordinary

Purchase

5,547

3.5945 GBP

10p ordinary

Purchase

4,702

3.5561 GBP

10p ordinary

Purchase

4,423

3.5940 GBP

10p ordinary

Purchase

4,370

3.5875 GBP

10p ordinary

Purchase

3,917

3.5336 GBP

10p ordinary

Purchase

3,688

3.5310 GBP

10p ordinary

Purchase

3,568

3.5858 GBP

10p ordinary

Purchase

3,495

3.5870 GBP

10p ordinary

Purchase

3,206

3.5641 GBP

10p ordinary

Purchase

2,257

3.5488 GBP

10p ordinary

Purchase

2,084

3.5699 GBP

10p ordinary

Purchase

2,047

3.5958 GBP

10p ordinary

Purchase

2,020

3.5990 GBP

10p ordinary

Purchase

1,801

3.5891 GBP

10p ordinary

Purchase

1,746

3.5661 GBP

10p ordinary

Purchase

1,520

3.5965 GBP

10p ordinary

Purchase

1,353

3.5450 GBP

10p ordinary

Purchase

830

3.5900 GBP

10p ordinary

Purchase

806

3.5775 GBP

10p ordinary

Purchase

720

3.5809 GBP

10p ordinary

Purchase

595

3.5500 GBP

10p ordinary

Purchase

518

3.5010 GBP

10p ordinary

Purchase

410

3.5890 GBP

10p ordinary

Purchase

225

3.5390 GBP

10p ordinary

Purchase

33

3.5960 GBP

10p ordinary

Sale

695,109

3.5709 GBP

10p ordinary

Sale

600,928

3.5978 GBP

10p ordinary

Sale

287,388

3.5675 GBP

10p ordinary

Sale

200,000

3.5815 GBP

10p ordinary

Sale

123,730

3.5979 GBP

10p ordinary

Sale

118,146

3.5966 GBP

10p ordinary

Sale

90,000

3.5814 GBP

10p ordinary

Sale

66,031

3.5944 GBP

10p ordinary

Sale

60,041

3.5981 GBP

10p ordinary

Sale

35,900

3.5608 GBP

10p ordinary

Sale

33,707

3.5822 GBP

10p ordinary

Sale

26,196

3.5779 GBP

10p ordinary

Sale

20,752

3.5980 GBP

10p ordinary

Sale

17,955

3.5938 GBP

10p ordinary

Sale

15,739

3.5955 GBP

10p ordinary

Sale

15,556

3.5884 GBP

10p ordinary

Sale

14,457

3.5770 GBP

10p ordinary

Sale

13,755

3.5791 GBP

10p ordinary

Sale

7,055

3.5859 GBP

10p ordinary

Sale

3,547

3.5891 GBP

10p ordinary

Sale

3,096

3.5958 GBP

10p ordinary

Sale

2,966

3.5616 GBP

10p ordinary

Sale

2,699

3.5803 GBP

10p ordinary

Sale

2,559

3.5953 GBP

10p ordinary

Sale

2,404

3.5963 GBP

10p ordinary

Sale

2,381

3.5945 GBP

10p ordinary

Sale

1,978

3.5975 GBP

10p ordinary

Sale

1,440

3.5460 GBP

10p ordinary

Sale

1,353

3.5450 GBP

10p ordinary

Sale

1,329

3.5960 GBP

10p ordinary

Sale

1,286

3.5940 GBP

10p ordinary

Sale

1,173

3.5950 GBP

10p ordinary

Sale

1,079

3.5740 GBP

10p ordinary

Sale

994

3.5900 GBP

10p ordinary

Sale

900

3.5970 GBP

10p ordinary

Sale

807

3.5880 GBP

10p ordinary

Sale

787

3.5930 GBP

10p ordinary

Sale

751

3.5956 GBP

10p ordinary

Sale

720

3.5922 GBP

10p ordinary

Sale

595

3.5500 GBP

10p ordinary

Sale

587

3.5990 GBP

10p ordinary

Sale

518

3.5010 GBP

10p ordinary

Sale

410

3.5890 GBP

10p ordinary

Sale

82

3.5840 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

188

3.5945 GBP

10p ordinary

SWAP

Decreasing Long

225

3.5390 GBP

10p ordinary

SWAP

Decreasing Long

913

3.5980 GBP

10p ordinary

SWAP

Decreasing Long

1,018

3.5731 GBP

10p ordinary

SWAP

Decreasing Long

1,335

3.5875 GBP

10p ordinary

SWAP

Decreasing Long

1,746

3.5661 GBP

10p ordinary

SWAP

Decreasing Long

1,829

3.5948 GBP

10p ordinary

SWAP

Decreasing Long

3,917

3.5336 GBP

10p ordinary

SWAP

Decreasing Long

17,370

3.5985 GBP

10p ordinary

SWAP

Decreasing Long

27,104

3.5778 GBP

10p ordinary

SWAP

Decreasing Long

29,969

3.4787 GBP

10p ordinary

SWAP

Decreasing Long

45,618

3.5907 GBP

10p ordinary

SWAP

Decreasing Long

46,509

3.5132 GBP

10p ordinary

SWAP

Decreasing Short

446

3.5449 GBP

10p ordinary

CFD

Decreasing Short

518

3.5010 GBP

10p ordinary

CFD

Decreasing Short

896

3.5977 GBP

10p ordinary

SWAP

Decreasing Short

1,185

3.5960 GBP

10p ordinary

SWAP

Decreasing Short

4,705

3.5934 GBP

10p ordinary

CFD

Decreasing Short

9,205

3.5937 GBP

10p ordinary

CFD

Decreasing Short

19,062

3.5980 GBP

10p ordinary

CFD

Decreasing Short

35,100

3.5824 GBP

10p ordinary

CFD

Decreasing Short

40,779

3.5807 GBP

10p ordinary

SWAP

Decreasing Short

287,388

3.5675 GBP

10p ordinary

SWAP

Decreasing Short

297,106

3.5980 GBP

10p ordinary

SWAP

Increasing Long

142

3.5954 GBP

10p ordinary

SWAP

Increasing Long

416

3.5460 GBP

10p ordinary

SWAP

Increasing Long

694

3.5942 GBP

10p ordinary

SWAP

Increasing Long

1,066

3.5905 GBP

10p ordinary

SWAP

Increasing Long

4,436

3.5943 GBP

10p ordinary

SWAP

Increasing Long

35,900

3.5608 GBP

10p ordinary

SWAP

Increasing Long

36,731

3.5897 GBP

10p ordinary

SWAP

Increasing Long

60,759

3.5944 GBP

10p ordinary

SWAP

Increasing Long

398,429

3.5979 GBP

10p ordinary

SWAP

Increasing Long

695,109

3.5709 GBP

10p ordinary

SWAP

Increasing Short

223

3.5449 GBP

10p ordinary

CFD

Increasing Short

896

3.5012 GBP

10p ordinary

CFD

Increasing Short

1,401

3.5966 GBP

10p ordinary

CFD

Increasing Short

1,500

3.5953 GBP

10p ordinary

CFD

Increasing Short

1,520

3.5965 GBP

10p ordinary

SWAP

Increasing Short

1,986

3.5534 GBP

10p ordinary

SWAP

Increasing Short

4,646

3.5545 GBP

10p ordinary

CFD

Increasing Short

5,000

3.5313 GBP

10p ordinary

SWAP

Increasing Short

5,441

3.5345 GBP

10p ordinary

CFD

Increasing Short

6,999

3.5935 GBP

10p ordinary

CFD

Increasing Short

9,999

3.5943 GBP

10p ordinary

CFD

Increasing Short

10,501

3.5948 GBP

10p ordinary

SWAP

Increasing Short

11,823

3.5560 GBP

10p ordinary

CFD

Increasing Short

19,580

3.5980 GBP

10p ordinary

SWAP

Increasing Short

45,414

3.5609 GBP

10p ordinary

SWAP

Increasing Short

116,148

3.5132 GBP

10p ordinary

SWAP

Increasing Short

126,737

3.5476 GBP

10p ordinary

SWAP

Increasing Short

179,781

3.5693 GBP

10p ordinary

SWAP

Opening Long

15,923

3.5980 GBP

10p ordinary

SWAP

Opening Long

25,232

3.5978 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:

27 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213