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:

13 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:

12,461,818

0.90%

6,875,853

0.50%

(2)

Cash-settled derivatives:

and/or controlled:

7,030,064

0.51%

12,720,817

0.92%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

19,491,882

1.42%

19,596,670

1.42%

(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

515,997

3.3665 GBP

10p ordinary

Purchase

484,822

3.3704 GBP

10p ordinary

Purchase

299,606

3.3631 GBP

10p ordinary

Purchase

272,407

3.3666 GBP

10p ordinary

Purchase

197,736

3.3600 GBP

10p ordinary

Purchase

88,280

3.3601 GBP

10p ordinary

Purchase

79,392

3.3628 GBP

10p ordinary

Purchase

56,833

3.3836 GBP

10p ordinary

Purchase

50,964

3.3673 GBP

10p ordinary

Purchase

48,000

3.3674 GBP

10p ordinary

Purchase

46,539

3.3603 GBP

10p ordinary

Purchase

31,270

3.3559 GBP

10p ordinary

Purchase

25,671

3.3615 GBP

10p ordinary

Purchase

22,033

3.3629 GBP

10p ordinary

Purchase

19,466

3.3841 GBP

10p ordinary

Purchase

17,628

3.3597 GBP

10p ordinary

Purchase

10,514

3.3656 GBP

10p ordinary

Purchase

6,627

3.3578 GBP

10p ordinary

Purchase

5,088

3.3672 GBP

10p ordinary

Purchase

4,872

3.3722 GBP

10p ordinary

Purchase

3,881

3.3702 GBP

10p ordinary

Purchase

3,716

3.3720 GBP

10p ordinary

Purchase

3,359

3.3670 GBP

10p ordinary

Purchase

2,417

3.3633 GBP

10p ordinary

Purchase

1,685

3.3810 GBP

10p ordinary

Purchase

1,675

3.3660 GBP

10p ordinary

Purchase

1,095

3.3743 GBP

10p ordinary

Purchase

591

3.3590 GBP

10p ordinary

Purchase

563

3.3740 GBP

10p ordinary

Purchase

364

3.3877 GBP

10p ordinary

Purchase

323

3.3870 GBP

10p ordinary

Purchase

209

3.3710 GBP

10p ordinary

Sale

721,664

3.3600 GBP

10p ordinary

Sale

502,504

3.3613 GBP

10p ordinary

Sale

203,856

3.3832 GBP

10p ordinary

Sale

114,869

3.3653 GBP

10p ordinary

Sale

107,678

3.3603 GBP

10p ordinary

Sale

50,964

3.3830 GBP

10p ordinary

Sale

50,964

3.3835 GBP

10p ordinary

Sale

36,215

3.3848 GBP

10p ordinary

Sale

31,338

3.3841 GBP

10p ordinary

Sale

25,066

3.3738 GBP

10p ordinary

Sale

22,268

3.3634 GBP

10p ordinary

Sale

16,231

3.3599 GBP

10p ordinary

Sale

12,573

3.3668 GBP

10p ordinary

Sale

7,423

3.3762 GBP

10p ordinary

Sale

3,964

3.3752 GBP

10p ordinary

Sale

3,322

3.3880 GBP

10p ordinary

Sale

2,038

3.3684 GBP

10p ordinary

Sale

709

3.3660 GBP

10p ordinary

Sale

600

3.3770 GBP

10p ordinary

Sale

380

3.3730 GBP

10p ordinary

Sale

323

3.3870 GBP

10p ordinary

Sale

86

3.3670 GBP

10p ordinary

Sale

1,096

3.3590 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

195

3.3900 GBP

10p ordinary

SWAP

Decreasing Long

1,061

3.3650 GBP

10p ordinary

SWAP

Decreasing Long

2,031

3.3868 GBP

10p ordinary

SWAP

Decreasing Long

2,457

3.3737 GBP

10p ordinary

SWAP

Decreasing Long

2,586

3.3607 GBP

10p ordinary

SWAP

Decreasing Long

3,207

3.3717 GBP

10p ordinary

SWAP

Decreasing Long

3,881

3.3702 GBP

10p ordinary

SWAP

Decreasing Long

7,607

3.3568 GBP

10p ordinary

SWAP

Decreasing Long

68,138

3.3635 GBP

10p ordinary

SWAP

Decreasing Long

244,228

3.3600 GBP

10p ordinary

SWAP

Decreasing Long

299,606

3.3632 GBP

10p ordinary

SWAP

Decreasing Short

930

3.3674 GBP

10p ordinary

CFD

Decreasing Short

11,428

3.3600 GBP

10p ordinary

SWAP

Decreasing Short

12,573

3.3668 GBP

10p ordinary

CFD

Decreasing Short

31,338

3.3841 GBP

10p ordinary

CFD

Decreasing Short

46,539

3.3603 GBP

10p ordinary

SWAP

Decreasing Short

136,066

3.3600 GBP

10p ordinary

SWAP

Increasing Long

65

3.3900 GBP

10p ordinary

SWAP

Increasing Long

344

3.3617 GBP

10p ordinary

SWAP

Increasing Long

380

3.3730 GBP

10p ordinary

SWAP

Increasing Long

600

3.3770 GBP

10p ordinary

SWAP

Increasing Long

16,231

3.3599 GBP

10p ordinary

SWAP

Increasing Long

25,066

3.3738 GBP

10p ordinary

SWAP

Increasing Long

168,396

3.3597 GBP

10p ordinary

SWAP

Increasing Long

170,755

3.3611 GBP

10p ordinary

SWAP

Increasing Long

203,856

3.3832 GBP

10p ordinary

SWAP

Increasing Long

502,504

3.3613 GBP

10p ordinary

SWAP

Increasing Short

465

3.3674 GBP

10p ordinary

SWAP

Increasing Short

3,056

3.3698 GBP

10p ordinary

SWAP

Increasing Short

7,290

3.3720 GBP

10p ordinary

CFD

Increasing Short

13,557

3.3696 GBP

10p ordinary

SWAP

Increasing Short

31,270

3.3559 GBP

10p ordinary

SWAP

Increasing Short

41,690

3.3727 GBP

10p ordinary

CFD

Increasing Short

96,750

3.3600 GBP

10p ordinary

SWAP

Increasing Short

238,061

3.3734 GBP

10p ordinary

SWAP

Increasing Short

273,563

3.3667 GBP

10p ordinary

SWAP

Increasing Short

484,017

3.3704 GBP

10p ordinary

SWAP

Opening Short

1,193

3.3563 GBP

10p ordinary

SWAP

Opening Short

48,000

3.3674 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:

14 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213