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:

12 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:

11,597,761

0.84%

6,390,978

0.46%

(2)

Cash-settled derivatives:

and/or controlled:

6,576,864

0.48%

11,835,648

0.86%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

18,174,625

1.32%

18,226,626

1.32%

(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

745,009

3.3934 GBP

10p ordinary

Purchase

489,888

3.4059 GBP

10p ordinary

Purchase

401,646

3.4284 GBP

10p ordinary

Purchase

264,888

3.4222 GBP

10p ordinary

Purchase

247,647

3.3840 GBP

10p ordinary

Purchase

145,156

3.3963 GBP

10p ordinary

Purchase

115,038

3.4195 GBP

10p ordinary

Purchase

65,627

3.4177 GBP

10p ordinary

Purchase

36,106

3.3838 GBP

10p ordinary

Purchase

21,055

3.4057 GBP

10p ordinary

Purchase

18,368

3.4231 GBP

10p ordinary

Purchase

11,524

3.4216 GBP

10p ordinary

Purchase

9,652

3.4191 GBP

10p ordinary

Purchase

7,945

3.4379 GBP

10p ordinary

Purchase

6,923

3.4289 GBP

10p ordinary

Purchase

6,281

3.4244 GBP

10p ordinary

Purchase

6,238

3.4097 GBP

10p ordinary

Purchase

5,784

3.4185 GBP

10p ordinary

Purchase

5,466

3.4280 GBP

10p ordinary

Purchase

5,171

3.4313 GBP

10p ordinary

Purchase

4,698

3.4290 GBP

10p ordinary

Purchase

4,227

3.4300 GBP

10p ordinary

Purchase

3,903

3.4173 GBP

10p ordinary

Purchase

2,209

3.4078 GBP

10p ordinary

Purchase

1,459

3.4330 GBP

10p ordinary

Purchase

1,446

3.4333 GBP

10p ordinary

Purchase

1,068

3.4343 GBP

10p ordinary

Purchase

873

3.4410 GBP

10p ordinary

Purchase

840

3.3830 GBP

10p ordinary

Purchase

142

3.3852 GBP

10p ordinary

Purchase

109

3.4340 GBP

10p ordinary

Sale

522,241

3.4162 GBP

10p ordinary

Sale

511,562

3.3837 GBP

10p ordinary

Sale

433,613

3.3840 GBP

10p ordinary

Sale

190,215

3.4224 GBP

10p ordinary

Sale

62,557

3.3842 GBP

10p ordinary

Sale

49,655

3.3839 GBP

10p ordinary

Sale

43,562

3.4186 GBP

10p ordinary

Sale

41,648

3.4277 GBP

10p ordinary

Sale

29,990

3.4246 GBP

10p ordinary

Sale

27,473

3.4306 GBP

10p ordinary

Sale

23,925

3.4300 GBP

10p ordinary

Sale

12,060

3.4280 GBP

10p ordinary

Sale

9,885

3.4268 GBP

10p ordinary

Sale

7,617

3.4284 GBP

10p ordinary

Sale

4,460

3.4253 GBP

10p ordinary

Sale

3,485

3.4230 GBP

10p ordinary

Sale

2,926

3.4177 GBP

10p ordinary

Sale

1,875

3.4282 GBP

10p ordinary

Sale

1,446

3.4290 GBP

10p ordinary

Sale

1,210

3.4365 GBP

10p ordinary

Sale

805

3.4360 GBP

10p ordinary

Sale

424

3.4089 GBP

10p ordinary

Sale

272

3.4270 GBP

10p ordinary

Sale

88

3.3830 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

703

3.3877 GBP

10p ordinary

SWAP

Closing Short

218,489

3.3840 GBP

10p ordinary

SWAP

Decreasing Long

827

3.4300 GBP

10p ordinary

SWAP

Decreasing Long

2,209

3.4078 GBP

10p ordinary

SWAP

Decreasing Long

2,819

3.4294 GBP

10p ordinary

SWAP

Decreasing Long

8,129

3.4054 GBP

10p ordinary

SWAP

Decreasing Long

8,977

3.4209 GBP

10p ordinary

SWAP

Decreasing Long

25,560

3.4204 GBP

10p ordinary

SWAP

Decreasing Long

72,372

3.4206 GBP

10p ordinary

SWAP

Decreasing Long

151,762

3.3874 GBP

10p ordinary

SWAP

Decreasing Long

166,417

3.3840 GBP

10p ordinary

SWAP

Decreasing Long

489,888

3.4059 GBP

10p ordinary

SWAP

Decreasing Short

458

3.4339 GBP

10p ordinary

CFD

Decreasing Short

557

3.4428 GBP

10p ordinary

CFD

Decreasing Short

1,267

3.3837 GBP

10p ordinary

CFD

Decreasing Short

2,820

3.4212 GBP

10p ordinary

SWAP

Decreasing Short

9,885

3.4268 GBP

10p ordinary

CFD

Decreasing Short

52,784

3.3840 GBP

10p ordinary

CFD

Decreasing Short

151,841

3.3839 GBP

10p ordinary

SWAP

Increasing Long

40

3.4290 GBP

10p ordinary

SWAP

Increasing Long

272

3.4270 GBP

10p ordinary

SWAP

Increasing Long

424

3.4089 GBP

10p ordinary

SWAP

Increasing Long

653

3.4309 GBP

10p ordinary

SWAP

Increasing Long

3,880

3.4277 GBP

10p ordinary

SWAP

Increasing Long

14,996

3.3923 GBP

10p ordinary

SWAP

Increasing Long

23,925

3.4300 GBP

10p ordinary

SWAP

Increasing Long

49,655

3.3839 GBP

10p ordinary

SWAP

Increasing Long

363,174

3.4131 GBP

10p ordinary

SWAP

Increasing Long

511,562

3.3837 GBP

10p ordinary

SWAP

Increasing Short

229

3.4339 GBP

10p ordinary

SWAP

Increasing Short

1,032

3.4172 GBP

10p ordinary

CFD

Increasing Short

1,267

3.4292 GBP

10p ordinary

CFD

Increasing Short

1,446

3.4289 GBP

10p ordinary

SWAP

Increasing Short

2,873

3.4215 GBP

10p ordinary

CFD

Increasing Short

4,186

3.3849 GBP

10p ordinary

CFD

Increasing Short

6,281

3.4244 GBP

10p ordinary

SWAP

Increasing Short

8,267

3.4230 GBP

10p ordinary

CFD

Increasing Short

27,805

3.3839 GBP

10p ordinary

SWAP

Increasing Short

48,213

3.4244 GBP

10p ordinary

SWAP

Increasing Short

145,156

3.3963 GBP

10p ordinary

CFD

Increasing Short

146,846

3.3840 GBP

10p ordinary

SWAP

Increasing Short

192,781

3.4202 GBP

10p ordinary

SWAP

Increasing Short

258,614

3.3840 GBP

10p ordinary

SWAP

Increasing Short

264,888

3.4222 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:

13 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213