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:

25 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:

15,904,751

1.15%

10,968,708

0.80%

(2)

Cash-settled derivatives:

and/or controlled:

7,392,832

0.54%

15,511,796

1.13%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

23,297,583

1.69%

26,480,504

1.92%

(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

657,931

3.5099 GBP

10p ordinary

Purchase

192,415

3.4987 GBP

10p ordinary

Purchase

142,131

3.5100 GBP

10p ordinary

Purchase

112,863

3.5090 GBP

10p ordinary

Purchase

108,850

3.4959 GBP

10p ordinary

Purchase

106,870

3.4933 GBP

10p ordinary

Purchase

88,164

3.5096 GBP

10p ordinary

Purchase

74,841

3.4787 GBP

10p ordinary

Purchase

55,770

3.5036 GBP

10p ordinary

Purchase

51,280

3.4939 GBP

10p ordinary

Purchase

34,497

3.5001 GBP

10p ordinary

Purchase

27,853

3.5073 GBP

10p ordinary

Purchase

25,903

3.4978 GBP

10p ordinary

Purchase

18,150

3.4960 GBP

10p ordinary

Purchase

13,699

3.4870 GBP

10p ordinary

Purchase

9,876

3.4849 GBP

10p ordinary

Purchase

8,910

3.4983 GBP

10p ordinary

Purchase

6,504

3.4938 GBP

10p ordinary

Purchase

5,938

3.4990 GBP

10p ordinary

Purchase

5,820

3.4881 GBP

10p ordinary

Purchase

5,352

3.5105 GBP

10p ordinary

Purchase

3,337

3.4815 GBP

10p ordinary

Purchase

2,864

3.4940 GBP

10p ordinary

Purchase

2,381

3.4875 GBP

10p ordinary

Purchase

2,320

3.4818 GBP

10p ordinary

Purchase

1,919

3.4886 GBP

10p ordinary

Purchase

1,225

3.4760 GBP

10p ordinary

Purchase

1,211

3.4916 GBP

10p ordinary

Purchase

983

3.4910 GBP

10p ordinary

Purchase

812

3.4797 GBP

10p ordinary

Purchase

789

3.5060 GBP

10p ordinary

Purchase

335

3.4970 GBP

10p ordinary

Sale

685,319

3.5100 GBP

10p ordinary

Sale

483,648

3.5094 GBP

10p ordinary

Sale

101,706

3.5054 GBP

10p ordinary

Sale

88,164

3.5096 GBP

10p ordinary

Sale

59,901

3.4899 GBP

10p ordinary

Sale

27,474

3.4829 GBP

10p ordinary

Sale

24,361

3.4859 GBP

10p ordinary

Sale

19,763

3.4966 GBP

10p ordinary

Sale

19,662

3.4947 GBP

10p ordinary

Sale

17,224

3.4791 GBP

10p ordinary

Sale

12,129

3.4956 GBP

10p ordinary

Sale

9,546

3.4948 GBP

10p ordinary

Sale

6,378

3.4994 GBP

10p ordinary

Sale

5,861

3.4917 GBP

10p ordinary

Sale

5,850

3.5011 GBP

10p ordinary

Sale

5,842

3.4993 GBP

10p ordinary

Sale

5,304

3.4950 GBP

10p ordinary

Sale

4,242

3.4964 GBP

10p ordinary

Sale

3,920

3.4880 GBP

10p ordinary

Sale

3,403

3.4785 GBP

10p ordinary

Sale

2,864

3.4940 GBP

10p ordinary

Sale

2,609

3.4760 GBP

10p ordinary

Sale

2,240

3.4757 GBP

10p ordinary

Sale

2,176

3.4895 GBP

10p ordinary

Sale

1,234

3.4850 GBP

10p ordinary

Sale

1,232

3.4780 GBP

10p ordinary

Sale

1,207

3.4857 GBP

10p ordinary

Sale

983

3.4910 GBP

10p ordinary

Sale

935

3.4765 GBP

10p ordinary

Sale

881

3.4877 GBP

10p ordinary

Sale

789

3.5060 GBP

10p ordinary

Sale

724

3.5103 GBP

10p ordinary

Sale

335

3.4870 GBP

10p ordinary

Sale

145

3.5007 GBP

10p ordinary

Sale

55

3.5005 GBP

10p ordinary

Sale

20

3.5090 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

1,211

3.4916 GBP

10p ordinary

SWAP

Decreasing Long

2,320

3.4818 GBP

10p ordinary

SWAP

Decreasing Long

3,337

3.4815 GBP

10p ordinary

SWAP

Decreasing Long

3,657

3.5034 GBP

10p ordinary

SWAP

Decreasing Long

4,917

3.4888 GBP

10p ordinary

SWAP

Decreasing Long

5,315

3.5041 GBP

10p ordinary

SWAP

Decreasing Long

5,352

3.5105 GBP

10p ordinary

SWAP

Decreasing Long

13,364

3.4870 GBP

10p ordinary

SWAP

Decreasing Long

21,488

3.5030 GBP

10p ordinary

SWAP

Decreasing Long

25,310

3.5040 GBP

10p ordinary

SWAP

Decreasing Long

51,280

3.4939 GBP

10p ordinary

SWAP

Decreasing Long

55,134

3.5088 GBP

10p ordinary

CFD

Decreasing Short

145

3.5007 GBP

10p ordinary

SWAP

Decreasing Short

454

3.4959 GBP

10p ordinary

SWAP

Decreasing Short

1,449

3.5027 GBP

10p ordinary

CFD

Decreasing Short

4,099

3.5097 GBP

10p ordinary

SWAP

Decreasing Short

4,647

3.5006 GBP

10p ordinary

SWAP

Decreasing Short

5,850

3.5011 GBP

10p ordinary

CFD

Decreasing Short

8,298

3.4875 GBP

10p ordinary

CFD

Decreasing Short

17,224

3.4791 GBP

10p ordinary

CFD

Decreasing Short

26,587

3.5061 GBP

10p ordinary

CFD

Decreasing Short

52,034

3.5100 GBP

10p ordinary

CFD

Decreasing Short

88,164

3.5096 GBP

10p ordinary

SWAP

Decreasing Short

179,657

3.5100 GBP

10p ordinary

SWAP

Increasing Long

344

3.4759 GBP

10p ordinary

SWAP

Increasing Long

1,384

3.4760 GBP

10p ordinary

SWAP

Increasing Long

3,403

3.4785 GBP

10p ordinary

SWAP

Increasing Long

4,329

3.4913 GBP

10p ordinary

SWAP

Increasing Long

27,130

3.4830 GBP

10p ordinary

SWAP

Increasing Long

39,894

3.5046 GBP

10p ordinary

SWAP

Increasing Long

59,901

3.4899 GBP

10p ordinary

SWAP

Increasing Long

170,644

3.5099 GBP

10p ordinary

SWAP

Increasing Short

227

3.4959 GBP

10p ordinary

SWAP

Increasing Short

570

3.5067 GBP

10p ordinary

SWAP

Increasing Short

1,071

3.4903 GBP

10p ordinary

SWAP

Increasing Short

2,281

3.4882 GBP

10p ordinary

SWAP

Increasing Short

2,381

3.4875 GBP

10p ordinary

SWAP

Increasing Short

2,915

3.4928 GBP

10p ordinary

CFD

Increasing Short

4,099

3.4902 GBP

10p ordinary

SWAP

Increasing Short

7,835

3.4916 GBP

10p ordinary

SWAP

Increasing Short

34,497

3.5001 GBP

10p ordinary

SWAP

Increasing Short

44,348

3.4917 GBP

10p ordinary

SWAP

Increasing Short

74,841

3.4787 GBP

10p ordinary

SWAP

Increasing Short

185,591

3.4946 GBP

10p ordinary

CFD

Increasing Short

192,278

3.5100 GBP

10p ordinary

SWAP

Opening Short

1,978

3.4819 GBP

10p ordinary

SWAP

Opening Short

9,244

3.5063 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:

26 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213