Form 8.3 - International Paper Company

21st Nov 2024 15:25

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:		Millennium International Management LP
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree		International Paper Company
(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: For an opening position disclosure, state the latest practicable date prior to the disclosure		20th November 2024
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”		Yes, Smith (DS) plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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:	Common Stock (US4601461035)
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	4,440,341	1.278%	1,560,776	0.449%
(2) Cash-settled derivatives:	5,342	0.002%	932,641	0.269%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	127,000	0.037%
TOTAL:	4,458,283	1.284%	2,620,417	0.754%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee 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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit (USD)
US4601461035	Sale	1,626	58.84
US4601461035	Purchase	1,626	57.59
US4601461035	Purchase	15	57.69
US4601461035	Purchase	3,675	58.84
US4601461035	Sale	7,366	58.84
US4601461035	Purchase	2	58.75
US4601461035	Purchase	237	57.64
US4601461035	Purchase	400	59.02
US4601461035	Purchase	56	57.77
US4601461035	Purchase	531	57.67
US4601461035	Purchase	210	58.92
US4601461035	Purchase	1,558	58.80
US4601461035	Sale	945	59.01
US4601461035	Purchase	600	58.95
US4601461035	Purchase	102	58.77
US4601461035	Purchase	107	58.94
US4601461035	Purchase	210	58.85
US4601461035	Purchase	100	59.50
US4601461035	Purchase	30	58.73
US4601461035	Purchase	4,563	58.93
US4601461035	Purchase	200	57.69
US4601461035	Purchase	120	58.84
US4601461035	Sale	1,446	58.84
US4601461035	Purchase	550	58.75
US4601461035	Purchase	1,129	57.56
US4601461035	Purchase	200	57.80
US4601461035	Purchase	57	57.64
US4601461035	Purchase	130	59.02
US4601461035	Purchase	500	57.77
US4601461035	Purchase	350	58.92
US4601461035	Purchase	190	58.80
US4601461035	Purchase	1,352	57.52
US4601461035	Purchase	405	59.01
US4601461035	Purchase	261	57.58
US4601461035	Purchase	10	58.87
US4601461035	Purchase	116	58.77
US4601461035	Purchase	110	57.83
US4601461035	Purchase	990	58.94
US4601461035	Purchase	8	57.59
US4601461035	Purchase	805	58.40
US4601461035	Purchase	411	58.89
US4601461035	Purchase	105	59.11
US4601461035	Purchase	200	57.62
US4601461035	Purchase	124	57.71
US4601461035	Purchase	205	58.81
US4601461035	Purchase	161	58.85
US4601461035	Sale	31	58.85
US4601461035	Purchase	4,998	57.45
US4601461035	Purchase	10	57.79
US4601461035	Purchase	138	58.00
US4601461035	Purchase	260	58.34
US4601461035	Purchase	598	57.76
US4601461035	Purchase	10	58.88
US4601461035	Purchase	1,384	58.97
US4601461035	Purchase	60	58.45
US4601461035	Purchase	5	57.75
US4601461035	Purchase	700	58.83
US4601461035	Purchase	15	58.82
US4601461035	Purchase	5	58.73
US4601461035	Purchase	100	57.46
US4601461035	Purchase	175	59.00
US4601461035	Purchase	200	59.28
US4601461035	Purchase	352	58.86
US4601461035	Purchase	200	59.29
US4601461035	Purchase	59	57.72
US4601461035	Purchase	1,239	58.59
US4601461035	Purchase	453	58.42
US4601461035	Purchase	2	57.73
US4601461035	Purchase	2,011	58.96
US4601461035	Purchase	940	58.60
US4601461035	Purchase	3,760	58.08
US4601461035	Purchase	20	59.53
US4601461035	Purchase	115	59.03
US4601461035	Purchase	100	59.69
US4601461035	Purchase	136	57.96
US4601461035	Purchase	100	60.04
US4601461035	Purchase	10	58.76
US4601461035	Purchase	100	59.75
US4601461035	Purchase	60	58.68
US4601461035	Purchase	422	58.79
US4601461035	Purchase	300	59.66
US4601461035	Purchase	10	59.05
US4601461035	Purchase	100	58.74
US4601461035	Purchase	1,344	58.90
US4601461035	Sale	1,482	58.90
US4601461035	Purchase	5	59.12
US4601461035	Purchase	140	59.10
US4601461035	Purchase	10	59.09
US4601461035	Purchase	1,626	58.84
US4601461035	Sale	233	58.84
US4601461035	Sale	1,843	57.56
US4601461035	Sale	1,902	58.92
US4601461035	Sale	200	58.80
US4601461035	Sale	1,168	59.01
US4601461035	Sale	106	58.87
US4601461035	Sale	60	58.77
US4601461035	Sale	188	57.27
US4601461035	Sale	1,214	58.94
US4601461035	Sale	3,343	57.90
US4601461035	Sale	609	57.50
US4601461035	Sale	1,807	58.69
US4601461035	Sale	524	59.40
US4601461035	Sale	2,667	58.89
US4601461035	Sale	4	59.11
US4601461035	Sale	2,945	57.62
US4601461035	Sale	1,013	59.06
US4601461035	Sale	209	59.20
US4601461035	Sale	1,091	57.71
US4601461035	Sale	1,606	57.63
US4601461035	Sale	874	58.81
US4601461035	Sale	100	59.08
US4601461035	Sale	126	58.85
US4601461035	Sale	200	58.88
US4601461035	Sale	13,766	58.36
US4601461035	Sale	304	58.98
US4601461035	Sale	1,216	58.97
US4601461035	Sale	905	57.97
US4601461035	Sale	300	58.83
US4601461035	Sale	400	58.72
US4601461035	Sale	862	58.82
US4601461035	Sale	324	59.00
US4601461035	Sale	10,979	58.86
US4601461035	Sale	802	57.86
US4601461035	Sale	100	58.96
US4601461035	Purchase	10	57.84
US4601461035	Purchase	46	58.93
US4601461035	Sale	93	58.93
US4601461035	Purchase	100	57.69
US4601461035	Purchase	11,727	58.84
US4601461035	Sale	30,916	58.84
US4601461035	Purchase	77	58.75
US4601461035	Sale	232	58.75
US4601461035	Purchase	439	57.56
US4601461035	Purchase	159	57.80
US4601461035	Sale	320	59.78
US4601461035	Sale	967	57.81
US4601461035	Purchase	1	59.60
US4601461035	Sale	41	59.60
US4601461035	Sale	6	57.64
US4601461035	Sale	23	59.02
US4601461035	Sale	359	57.67
US4601461035	Purchase	1	58.92
US4601461035	Sale	394	58.92
US4601461035	Purchase	1,002	57.52
US4601461035	Sale	18	59.01
US4601461035	Purchase	56	58.70
US4601461035	Purchase	14	58.95
US4601461035	Sale	91	58.95
US4601461035	Purchase	100	57.39
US4601461035	Purchase	77	57.58
US4601461035	Sale	19	57.58
US4601461035	Sale	493	58.87
US4601461035	Purchase	23	58.77
US4601461035	Purchase	39	57.19
US4601461035	Purchase	70	58.99
US4601461035	Sale	117	58.99
US4601461035	Purchase	53	57.27
US4601461035	Purchase	3	58.94
US4601461035	Sale	844	58.94
US4601461035	Purchase	43	57.50
US4601461035	Purchase	20	58.69
US4601461035	Sale	326	59.40
US4601461035	Sale	190	57.59
US4601461035	Purchase	34	57.34
US4601461035	Purchase	5	59.37
US4601461035	Sale	509	58.89
US4601461035	Purchase	62	57.37
US4601461035	Purchase	3	59.06
US4601461035	Sale	2	59.06
US4601461035	Purchase	252	58.71
US4601461035	Sale	244	59.86
US4601461035	Sale	117	57.71
US4601461035	Purchase	180	58.48
US4601461035	Sale	618	59.88
US4601461035	Purchase	1	57.63
US4601461035	Sale	382	57.63
US4601461035	Purchase	11	58.81
US4601461035	Sale	76	59.08
US4601461035	Purchase	242	58.85
US4601461035	Sale	195	58.85
US4601461035	Purchase	176	57.45
US4601461035	Purchase	2	57.29
US4601461035	Purchase	200	57.76
US4601461035	Sale	119	58.88
US4601461035	Sale	70	58.98
US4601461035	Purchase	2	58.97
US4601461035	Sale	350	58.97
US4601461035	Purchase	1,145	58.83
US4601461035	Sale	3	58.83
US4601461035	Purchase	66	58.72
US4601461035	Sale	993	58.82
US4601461035	Sale	21	58.73
US4601461035	Purchase	132	57.66
US4601461035	Sale	13	57.66
US4601461035	Sale	113	57.65
US4601461035	Purchase	117	57.46
US4601461035	Sale	109	59.00
US4601461035	Sale	230	59.90
US4601461035	Sale	29	59.28
US4601461035	Sale	1,809	58.86
US4601461035	Purchase	81	57.72
US4601461035	Sale	1	57.53
US4601461035	Purchase	332	57.42
US4601461035	Purchase	109	57.73
US4601461035	Purchase	100	57.74
US4601461035	Purchase	200	57.85
US4601461035	Sale	127	59.22
US4601461035	Sale	14	58.96
US4601461035	Purchase	13	57.49
US4601461035	Purchase	4	57.48
US4601461035	Sale	7	59.55
US4601461035	Purchase	4,580	57.33
US4601461035	Sale	66	59.53
US4601461035	Purchase	226	57.57
US4601461035	Purchase	191	57.32
US4601461035	Sale	1	57.70
US4601461035	Purchase	20	59.61
US4601461035	Sale	264	59.61
US4601461035	Sale	4	59.38
US4601461035	Purchase	333	59.03
US4601461035	Sale	383	59.03
US4601461035	Sale	1,284	60.05
US4601461035	Sale	238	59.36
US4601461035	Sale	203	60.11
US4601461035	Purchase	104	58.27
US4601461035	Purchase	2,784	58.76
US4601461035	Sale	55	58.76
US4601461035	Sale	323	57.78
US4601461035	Sale	31	59.99
US4601461035	Sale	270	59.91
US4601461035	Purchase	2	59.94
US4601461035	Sale	311	59.75
US4601461035	Sale	160	58.79
US4601461035	Sale	92	60.16
US4601461035	Sale	78	59.39
US4601461035	Sale	3	59.58
US4601461035	Sale	4	59.21
US4601461035	Sale	271	59.93
US4601461035	Sale	20	59.59
US4601461035	Sale	29	60.00
US4601461035	Sale	15	59.05
US4601461035	Purchase	89	58.74
US4601461035	Sale	2	58.74
US4601461035	Purchase	1	58.90
US4601461035	Sale	1,111	58.90
US4601461035	Sale	359	59.76
US4601461035	Sale	58	59.65
US4601461035	Sale	146	59.85
US4601461035	Sale	41	60.01
US4601461035	Purchase	30	57.43
US4601461035	Purchase	4	57.55
US4601461035	Purchase	14	58.57
US4601461035	Purchase	190	57.47
US4601461035	Sale	25	58.29
US4601461035	Sale	7	59.52
US4601461035	Sale	30	59.62
US4601461035	Purchase	375	57.31
US4601461035	Purchase	177	57.35
US4601461035	Sale	335	59.79
US4601461035	Purchase	76	57.23
US4601461035	Purchase	35	57.95
US4601461035	Sale	95	59.33
US4601461035	Sale	35	59.09
US4601461035	Sale	397	59.77
US4601461035	Sale	593	59.68
US4601461035	Purchase	2	59.97
US4601461035	Sale	52	59.97
US4601461035	Sale	85	59.74
US4601461035	Sale	4	59.32
US4601461035	Sale	99	59.84
US4601461035	Sale	5	58.78
US4601461035	Sale	185	59.43
US4601461035	Sale	219	59.73
US4601461035	Sale	4	58.05
US4601461035	Purchase	24	57.38
US4601461035	Sale	1,244	59.64
US4601461035	Sale	19	58.47
US4601461035	Sale	3	59.72
US4601461035	Sale	5	59.71
US4601461035	Sale	173	59.80
US4601461035	Purchase	15	58.09
US4601461035	Sale	16	59.18
US4601461035	Sale	75	59.83
US4601461035	Sale	27	59.87
US4601461035	Purchase	28	58.91
US4601461035	Sale	16	58.91
US4601461035	Sale	27	60.15
US4601461035	Sale	33	59.54
US4601461035	Sale	2	59.14
US4601461035	Sale	97	59.23
US4601461035	Sale	3	59.42
US4601461035	Sale	1	59.13
US4601461035	Sale	46	59.04
US4601461035	Sale	34	60.02
US4601461035	Purchase	213	58.93
US4601461035	Purchase	23,070	58.84
US4601461035	Sale	1,007	58.84
US4601461035	Sale	100	58.75
US4601461035	Purchase	7,262	59.78
US4601461035	Purchase	967	57.81
US4601461035	Purchase	450	59.02
US4601461035	Purchase	544	59.70
US4601461035	Sale	2,931	59.70
US4601461035	Purchase	6	57.67
US4601461035	Purchase	1,272	58.92
US4601461035	Sale	1,137	58.92
US4601461035	Sale	856	58.80
US4601461035	Purchase	2,272	59.01
US4601461035	Sale	1,800	58.70
US4601461035	Purchase	6	58.95
US4601461035	Purchase	3,431	58.87
US4601461035	Sale	100	58.77
US4601461035	Purchase	400	58.99
US4601461035	Sale	1,526	57.27
US4601461035	Purchase	100	57.59
US4601461035	Sale	638	57.59
US4601461035	Sale	1,689	57.51
US4601461035	Purchase	3,024	59.37
US4601461035	Purchase	19,171	58.89
US4601461035	Sale	100	58.89
US4601461035	Purchase	120	59.11
US4601461035	Purchase	400	59.06
US4601461035	Sale	159	57.26
US4601461035	Sale	10,369	59.86
US4601461035	Purchase	2	57.71
US4601461035	Sale	59,242	59.88
US4601461035	Purchase	1	57.63
US4601461035	Sale	31	57.63
US4601461035	Purchase	689	59.34
US4601461035	Purchase	2,226	58.81
US4601461035	Sale	400	58.81
US4601461035	Purchase	100	59.08
US4601461035	Purchase	17	58.85
US4601461035	Sale	17	58.85
US4601461035	Purchase	2,409	59.50
US4601461035	Sale	5	57.76
US4601461035	Purchase	2,300	58.88
US4601461035	Sale	200	58.88
US4601461035	Purchase	4,681	58.98
US4601461035	Purchase	6	58.83
US4601461035	Purchase	977	58.82
US4601461035	Sale	967	58.82
US4601461035	Sale	100	58.73
US4601461035	Purchase	200	57.46
US4601461035	Sale	422	57.46
US4601461035	Purchase	1,110	59.00
US4601461035	Purchase	3,752	59.90
US4601461035	Purchase	361	59.28
US4601461035	Purchase	3,798	58.86
US4601461035	Sale	1,023	58.86
US4601461035	Purchase	2,756	59.29
US4601461035	Sale	300	57.53
US4601461035	Sale	76	57.74
US4601461035	Purchase	3,303	59.22
US4601461035	Purchase	8,366	58.96
US4601461035	Sale	1,023	57.49
US4601461035	Sale	4	57.48
US4601461035	Purchase	100	59.55
US4601461035	Sale	200	57.33
US4601461035	Purchase	12,737	59.53
US4601461035	Sale	12,632	57.32
US4601461035	Sale	317	57.70
US4601461035	Sale	458	59.03
US4601461035	Purchase	1,766	59.69
US4601461035	Sale	894	59.69
US4601461035	Purchase	51	60.05
US4601461035	Purchase	29	57.96
US4601461035	Purchase	25,490	60.11
US4601461035	Purchase	465	60.04
US4601461035	Sale	29	57.78
US4601461035	Purchase	33	59.99
US4601461035	Purchase	252	59.91
US4601461035	Purchase	12,277	59.94
US4601461035	Purchase	200	59.93
US4601461035	Purchase	598	59.66
US4601461035	Purchase	219	58.74
US4601461035	Purchase	1,182	58.90
US4601461035	Purchase	5,025	59.76
US4601461035	Purchase	765	59.65
US4601461035	Purchase	4,716	59.85
US4601461035	Purchase	100	60.01
US4601461035	Purchase	247	59.12
US4601461035	Sale	100	59.10
US4601461035	Sale	1,807	57.31
US4601461035	Purchase	30	57.35
US4601461035	Sale	543	57.23
US4601461035	Purchase	29	57.95
US4601461035	Purchase	55	59.33
US4601461035	Purchase	126	59.09
US4601461035	Sale	200	59.09
US4601461035	Purchase	976	59.77
US4601461035	Sale	310	59.68
US4601461035	Purchase	2,020	59.74
US4601461035	Purchase	2,011	59.32
US4601461035	Purchase	105	59.84
US4601461035	Purchase	2,517	58.78
US4601461035	Purchase	11,127	59.43
US4601461035	Sale	865	59.71
US4601461035	Purchase	22,192	59.80
US4601461035	Purchase	290	59.18
US4601461035	Purchase	244	59.87
US4601461035	Sale	13,882	59.87
US4601461035	Purchase	255	58.91
US4601461035	Sale	648	58.91
US4601461035	Sale	400	57.30
US4601461035	Purchase	2,015	59.13
US4601461035	Purchase	602	59.48
US4601461035	Purchase	595	59.04
US4601461035	Purchase	800	60.02
US4601461035	Purchase	178	59.07
US4601461035	Sale	174	57.22
US4601461035	Sale	2,257	57.68
US4601461035	Sale	100	57.54
US4601461035	Sale	1,014	57.28
US4601461035	Purchase	361	59.67
US4601461035	Purchase	3,064	59.95
US4601461035	Purchase	5,745	60.03
US4601461035	Sale	102	59.24
US4601461035	Purchase	2,010	59.17
US4601461035	Purchase	390	60.09
US4601461035	Purchase	5,000	59.98
US4601461035	Purchase	7	58.50
US4601461035	Purchase	2	58.31
US4601461035	Sale	99	57.25
US4601461035	Purchase	400	60.07
US4601461035	Purchase	1,422	60.06
US4601461035	Purchase	8,930	59.41
US4601461035	Purchase	100	59.89
US4601461035	Purchase	2,236	59.45
US4601461035	Purchase	2,331	59.81
US4601461035	Purchase	2,637	59.27
US4601461035	Purchase	1,691	59.16
US4601461035	Purchase	183	59.30
US4601461035	Purchase	1,098	60.12
US4601461035	Purchase	1,367	60.13
US4601461035	Purchase	150	59.56
US4601461035	Purchase	822	59.96
US4601461035	Purchase	9,990	59.63
US4601461035	Purchase	11,184	59.57
US4601461035	Purchase	400	60.10
US4601461035	Sale	5,000	60.00
US4601461035	Sale	100	57.81
US4601461035	Sale	100	57.77
US4601461035	Sale	2,475	57.79
US4601461035	Sale	253	57.76
US4601461035	Sale	100	57.86
US4601461035	Sale	301	57.72
US4601461035	Purchase	50	58.84
US4601461035	Sale	50	58.84
US4601461035	Purchase	3,797	58.84
US4601461035	Sale	190	57.39
US4601461035	Purchase	1,868	58.87
US4601461035	Purchase	76	57.51
US4601461035	Sale	195	58.51
US4601461035	Sale	2,256	59.37
US4601461035	Sale	4	58.89
US4601461035	Purchase	198	58.12
US4601461035	Sale	788	59.06
US4601461035	Purchase	10	57.26
US4601461035	Purchase	418	58.71
US4601461035	Purchase	57	58.48
US4601461035	Sale	289	58.46
US4601461035	Sale	380	58.62
US4601461035	Purchase	2,035	58.56
US4601461035	Sale	256	59.34
US4601461035	Sale	1,653	58.67

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
US4601461035	Equity Swap	Increasing a short position	1,285	45.63 GBP
US4601461035	Equity Swap	Reducing a long position	269	58.98 USD
US4601461035	Equity Swap	Reducing a long position	125	58.88 USD
US4601461035	Equity Swap	Reducing a long position	34	58.83 USD

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

(USD)

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit (USD)

US4601461035

Put Option

Purchasing

1,300

57.50

American

17/01/2025

1.89

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(USD)

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state “none”

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:		21st November 2024
Contact name:		Stephen Glasper
Telephone number:		+44 203 398 2166

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Full name of person making disclosure:	Millennium International Management LP
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	International Paper Company

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit (USD)	Type e.g. American, European etc.	Expiry date
US4601461035	Call Option	Purchased	300	40.00	American	17/01/2025
US4601461035	Put Option	Purchased	800	32.50	American	17/01/2025
US4601461035	Call Option	Purchased	12,200	45.00	American	17/01/2025
US4601461035	Put Option	Purchased	65,800	45.00	American	17/01/2025
US4601461035	Call Option	Purchased	100	47.50	American	16/01/2026
US4601461035	Put Option	Purchased	40,900	47.50	American	17/01/2025
US4601461035	Put Option	Purchased	1,000	50.00	American	17/01/2025
US4601461035	Put Option	Purchased	10,700	55.00	American	17/01/2025
US4601461035	Put Option	Purchased	7,800	57.50	American	17/01/2025

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241121895237/en/

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