Smith (DS) Regulatory News (SMDS)

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:

30 Jan 2025

(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?

INTERNATIONAL PAPER COMPANY

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:

38,210,330

2.77%

13,253,204

0.96%

(2)

Cash-settled derivatives:

and/or controlled:

13,060,675

0.95%

35,678,423

2.58%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

51,271,005

3.71%

48,931,627

3.54%

(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

3,196,572

5.9700 GBP

10p ordinary

Purchase

369,593

5.8592 GBP

10p ordinary

Purchase

204,122

5.8367 GBP

10p ordinary

Purchase

160,848

5.8606 GBP

10p ordinary

Purchase

131,804

5.8850 GBP

10p ordinary

Purchase

96,719

5.8853 GBP

10p ordinary

Purchase

93,629

5.8288 GBP

10p ordinary

Purchase

84,830

5.7055 GBP

10p ordinary

Purchase

55,684

5.8300 GBP

10p ordinary

Purchase

48,706

5.8435 GBP

10p ordinary

Purchase

47,972

5.9705 GBP

10p ordinary

Purchase

45,443

5.8231 GBP

10p ordinary

Purchase

35,323

5.9062 GBP

10p ordinary

Purchase

32,386

5.8677 GBP

10p ordinary

Purchase

27,842

5.8050 GBP

10p ordinary

Purchase

25,000

5.8867 GBP

10p ordinary

Purchase

12,606

5.7281 GBP

10p ordinary

Purchase

11,967

5.9856 GBP

10p ordinary

Purchase

9,755

5.8773 GBP

10p ordinary

Purchase

9,159

5.8415 GBP

10p ordinary

Purchase

9,042

5.8284 GBP

10p ordinary

Purchase

7,515

5.7985 GBP

10p ordinary

Purchase

5,000

5.9850 GBP

10p ordinary

Purchase

4,607

5.9543 GBP

10p ordinary

Purchase

2,931

5.7935 GBP

10p ordinary

Purchase

2,501

5.9131 GBP

10p ordinary

Purchase

2,301

5.8475 GBP

10p ordinary

Purchase

1,782

5.7664 GBP

10p ordinary

Purchase

1,660

5.7917 GBP

10p ordinary

Purchase

1,636

5.9925 GBP

10p ordinary

Purchase

1,250

5.9975 GBP

10p ordinary

Purchase

944

5.7300 GBP

10p ordinary

Purchase

886

5.6600 GBP

10p ordinary

Purchase

832

5.8250 GBP

10p ordinary

Purchase

792

5.9875 GBP

10p ordinary

Purchase

716

5.7829 GBP

10p ordinary

Purchase

666

5.7750 GBP

10p ordinary

Purchase

616

5.8605 GBP

10p ordinary

Purchase

615

5.7100 GBP

10p ordinary

Purchase

611

5.8732 GBP

10p ordinary

Purchase

558

5.7700 GBP

10p ordinary

Purchase

533

5.9037 GBP

10p ordinary

Purchase

360

5.6950 GBP

10p ordinary

Purchase

270

5.7350 GBP

10p ordinary

Purchase

71

5.8500 GBP

10p ordinary

Purchase

10

5.8610 GBP

10p ordinary

Sale

510,884

5.8754 GBP

10p ordinary

Sale

183,342

5.8131 GBP

10p ordinary

Sale

156,940

5.8850 GBP

10p ordinary

Sale

141,000

5.8270 GBP

10p ordinary

Sale

96,719

5.8853 GBP

10p ordinary

Sale

81,599

5.8406 GBP

10p ordinary

Sale

60,991

5.8136 GBP

10p ordinary

Sale

53,092

5.7922 GBP

10p ordinary

Sale

43,620

5.8603 GBP

10p ordinary

Sale

32,700

5.8659 GBP

10p ordinary

Sale

28,805

5.7763 GBP

10p ordinary

Sale

26,463

5.7957 GBP

10p ordinary

Sale

24,690

5.7947 GBP

10p ordinary

Sale

23,700

5.8989 GBP

10p ordinary

Sale

20,434

5.8966 GBP

10p ordinary

Sale

15,838

5.8728 GBP

10p ordinary

Sale

12,213

5.7861 GBP

10p ordinary

Sale

9,715

5.9471 GBP

10p ordinary

Sale

9,547

5.9032 GBP

10p ordinary

Sale

7,684

5.7945 GBP

10p ordinary

Sale

6,316

5.9682 GBP

10p ordinary

Sale

4,527

5.7167 GBP

10p ordinary

Sale

3,707

5.8918 GBP

10p ordinary

Sale

3,471

5.7137 GBP

10p ordinary

Sale

3,239

5.8342 GBP

10p ordinary

Sale

3,205

5.6950 GBP

10p ordinary

Sale

2,231

5.7735 GBP

10p ordinary

Sale

1,678

5.6475 GBP

10p ordinary

Sale

1,141

5.7693 GBP

10p ordinary

Sale

1,112

5.8244 GBP

10p ordinary

Sale

999

5.6900 GBP

10p ordinary

Sale

944

5.7300 GBP

10p ordinary

Sale

886

5.6600 GBP

10p ordinary

Sale

832

5.8250 GBP

10p ordinary

Sale

806

5.9712 GBP

10p ordinary

Sale

666

5.7750 GBP

10p ordinary

Sale

625

5.6925 GBP

10p ordinary

Sale

615

5.7100 GBP

10p ordinary

Sale

558

5.7700 GBP

10p ordinary

Sale

540

5.7350 GBP

10p ordinary

Sale

112

5.8400 GBP

10p ordinary

Sale

109

5.8300 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 Short

25,402

5.7690 GBP

10p ordinary

SWAP

Decreasing Short

183,342

5.8132 GBP

10p ordinary

SWAP

Decreasing Short

60,991

5.8136 GBP

10p ordinary

SWAP

Decreasing Short

33,783

5.8157 GBP

10p ordinary

SWAP

Decreasing Short

36,633

5.8300 GBP

10p ordinary

SWAP

Decreasing Short

180,583

5.8386 GBP

10p ordinary

SWAP

Decreasing Short

53,201

5.8709 GBP

10p ordinary

SWAP

Decreasing Short

56,400

5.8797 USD

10p ordinary

SWAP

Decreasing Short

401,326

5.8850 GBP

10p ordinary

SWAP

Decreasing Short

3,707

5.8918 GBP

10p ordinary

SWAP

Decreasing Short

9,547

5.9032 GBP

10p ordinary

SWAP

Increasing Short

45,443

5.8228 USD

10p ordinary

SWAP

Increasing Short

93,629

5.8288 USD

10p ordinary

SWAP

Increasing Short

204,122

5.8367 USD

10p ordinary

SWAP

Increasing Short

160,848

5.8606 GBP

10p ordinary

SWAP

Increasing Short

32,386

5.8677 GBP

10p ordinary

SWAP

Increasing Short

649

5.8850 GBP

10p ordinary

SWAP

Increasing Short

103

5.8853 GBP

10p ordinary

SWAP

Increasing Short

25,000

5.8868 GBP

10p ordinary

SWAP

Increasing Short

44,692

5.8871 GBP

10p ordinary

SWAP

Increasing Short

35,323

5.9062 GBP

10p ordinary

SWAP

Increasing Short

21,648

5.9133 GBP

10p ordinary

SWAP

Increasing Short

14,033

5.9201 GBP

10p ordinary

SWAP

Increasing Short

305

5.9650 GBP

10p ordinary

SWAP

Increasing Short

3,196,572

5.9700 GBP

10p ordinary

CFD

Decreasing Short

2,951

5.8850 GBP

10p ordinary

CFD

Decreasing Short

19

5.8852 GBP

10p ordinary

CFD

Decreasing Short

6,527

5.8982 GBP

10p ordinary

CFD

Increasing Short

40,278

5.7889 GBP

10p ordinary

CFD

Increasing Short

67,738

5.7957 GBP

10p ordinary

CFD

Increasing Short

12,304

5.8526 GBP

10p ordinary

CFD

Increasing Short

2,951

5.8850 GBP

10p ordinary

CFD

Increasing Short

19

5.8852 GBP

10p ordinary

CFD

Increasing Short

96,719

5.8853 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:

31 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213