Form 8.3 - International Paper Company

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

INTERNATIONAL PAPER COMPANY

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:

19 Nov 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?

DS SMITH 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:

common stock

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

846,019

0.24%

577,850

0.16%

(2)

Cash-settled derivatives:

and/or controlled:

341,870

0.09%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,187,889

0.33%

591,510

0.16%

(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

common stock

Purchase

107,630

57.7750 USD

common stock

Purchase

39,392

57.8400 USD

common stock

Purchase

36,761

57.2606 USD

common stock

Purchase

33,252

57.7361 USD

common stock

Purchase

21,102

57.3027 USD

common stock

Purchase

16,775

57.8398 USD

common stock

Purchase

11,429

57.6029 USD

common stock

Purchase

9,834

57.9279 USD

common stock

Purchase

6,842

57.5200 USD

common stock

Purchase

6,717

57.6077 USD

common stock

Purchase

5,269

57.6564 USD

common stock

Purchase

4,548

57.5956 USD

common stock

Purchase

4,500

57.3653 USD

common stock

Purchase

4,179

57.3805 USD

common stock

Purchase

4,172

57.5158 USD

common stock

Purchase

3,445

57.4587 USD

common stock

Purchase

3,376

57.2930 USD

common stock

Purchase

3,183

57.2332 USD

common stock

Purchase

2,867

57.7681 USD

common stock

Purchase

2,799

57.3181 USD

common stock

Purchase

2,757

57.3806 USD

common stock

Purchase

2,529

57.5814 USD

common stock

Purchase

1,693

57.8327 USD

common stock

Purchase

1,658

57.4586 USD

common stock

Purchase

1,223

57.7083 USD

common stock

Purchase

930

57.3966 USD

common stock

Purchase

801

57.4829 USD

common stock

Purchase

700

57.7135 USD

common stock

Purchase

697

57.6969 USD

common stock

Purchase

692

57.3627 USD

common stock

Purchase

663

57.2609 USD

common stock

Purchase

616

57.1397 USD

common stock

Purchase

510

57.7805 USD

common stock

Purchase

503

57.6953 USD

common stock

Purchase

500

57.2960 USD

common stock

Purchase

471

57.3983 USD

common stock

Purchase

462

57.6312 USD

common stock

Purchase

422

57.7651 USD

common stock

Purchase

415

57.6980 USD

common stock

Purchase

411

57.6635 USD

common stock

Purchase

400

57.3300 USD

common stock

Purchase

341

57.8977 USD

common stock

Purchase

324

57.7047 USD

common stock

Purchase

301

57.3919 USD

common stock

Purchase

264

57.3815 USD

common stock

Purchase

200

57.5000 USD

common stock

Purchase

129

57.3615 USD

common stock

Purchase

121

57.7200 USD

common stock

Purchase

103

57.3338 USD

common stock

Purchase

100

57.6073 USD

common stock

Purchase

60

57.0700 USD

common stock

Purchase

50

57.0300 USD

common stock

Purchase

48

57.0500 USD

common stock

Purchase

35

56.9000 USD

common stock

Purchase

32

57.7400 USD

common stock

Purchase

30

57.5900 USD

common stock

Purchase

30

57.4200 USD

common stock

Purchase

20

57.9000 USD

common stock

Purchase

19

57.6576 USD

common stock

Purchase

10

57.3400 USD

common stock

Purchase

3

56.8400 USD

common stock

Sale

75,000

57.3047 USD

common stock

Sale

69,499

57.8096 USD

common stock

Sale

34,476

57.8400 USD

common stock

Sale

30,268

57.7073 USD

common stock

Sale

21,661

57.7916 USD

common stock

Sale

16,923

57.3842 USD

common stock

Sale

16,405

57.8392 USD

common stock

Sale

14,458

57.4944 USD

common stock

Sale

8,734

57.5834 USD

common stock

Sale

6,881

57.8673 USD

common stock

Sale

6,842

57.5200 USD

common stock

Sale

6,572

57.7463 USD

common stock

Sale

6,374

57.7691 USD

common stock

Sale

3,955

57.6255 USD

common stock

Sale

3,588

57.6311 USD

common stock

Sale

3,245

57.4789 USD

common stock

Sale

2,896

57.8261 USD

common stock

Sale

2,529

57.5814 USD

common stock

Sale

2,383

57.9218 USD

common stock

Sale

2,341

57.7802 USD

common stock

Sale

2,063

57.8385 USD

common stock

Sale

1,100

57.5700 USD

common stock

Sale

975

57.9388 USD

common stock

Sale

937

57.8635 USD

common stock

Sale

856

57.5910 USD

common stock

Sale

766

57.7905 USD

common stock

Sale

745

57.6134 USD

common stock

Sale

700

57.9000 USD

common stock

Sale

525

57.6174 USD

common stock

Sale

516

57.9362 USD

common stock

Sale

503

57.6953 USD

common stock

Sale

429

57.6100 USD

common stock

Sale

400

57.6300 USD

common stock

Sale

400

57.5800 USD

common stock

Sale

400

57.5787 USD

common stock

Sale

370

56.9000 USD

common stock

Sale

360

57.9501 USD

common stock

Sale

297

57.2730 USD

common stock

Sale

205

57.6236 USD

common stock

Sale

200

57.1300 USD

common stock

Sale

200

57.9400 USD

common stock

Sale

133

57.9439 USD

common stock

Sale

128

57.8506 USD

common stock

Sale

120

57.0700 USD

common stock

Sale

114

57.6057 USD

common stock

Sale

100

57.4500 USD

common stock

Sale

100

57.5830 USD

common stock

Sale

100

57.6000 USD

common stock

Sale

45

57.6811 USD

common stock

Sale

30

57.7433 USD

common stock

Sale

25

57.6760 USD

common stock

Sale

23

57.2850 USD

common stock

Sale

19

57.6576 USD

common stock

Sale

18

57.9633 USD

common stock

Sale

15

57.3950 USD

common stock

Sale

15

57.6800 USD

common stock

Sale

11

57.7736 USD

common stock

Sale

6

56.7000 USD

common stock

Sale

5

56.9350 USD

common stock

Sale

5

57.4900 USD

common stock

Sale

5

56.7540 USD

common stock

Sale

4

57.8300 USD

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

common stock

SWAP

Decreasing Long

406

57.8425 USD

(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:

20 Nov 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213