Form 8.3 - Smith (DS) plc

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:

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?

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:

28,598,244

2.07%

23,178,384

1.67%

(2)

Cash-settled derivatives:

and/or controlled:

12,034,533

0.87%

27,566,513

2.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

40,632,777

2.94%

50,744,897

3.67%

(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

1,538,678

5.6600 GBP

10p ordinary

Purchase

475,813

5.6997 GBP

10p ordinary

Purchase

240,729

5.7000 GBP

10p ordinary

Purchase

115,566

5.6988 GBP

10p ordinary

Purchase

48,595

5.6799 GBP

10p ordinary

Purchase

39,379

5.6698 GBP

10p ordinary

Purchase

21,010

5.6760 GBP

10p ordinary

Purchase

20,363

5.7011 GBP

10p ordinary

Purchase

12,508

5.6684 GBP

10p ordinary

Purchase

7,780

5.6663 GBP

10p ordinary

Purchase

6,267

5.6787 GBP

10p ordinary

Purchase

5,681

5.6908 GBP

10p ordinary

Purchase

4,489

5.6947 GBP

10p ordinary

Purchase

3,898

5.6741 GBP

10p ordinary

Purchase

2,526

5.6800 GBP

10p ordinary

Purchase

2,447

5.6807 GBP

10p ordinary

Purchase

2,079

5.6846 GBP

10p ordinary

Purchase

1,722

5.6775 GBP

10p ordinary

Purchase

1,617

5.6679 GBP

10p ordinary

Purchase

1,298

5.6964 GBP

10p ordinary

Purchase

1,187

5.7069 GBP

10p ordinary

Purchase

555

5.6894 GBP

10p ordinary

Purchase

419

5.6875 GBP

10p ordinary

Sale

232,320

5.7000 GBP

10p ordinary

Sale

77,640

5.6629 GBP

10p ordinary

Sale

76,459

5.6722 GBP

10p ordinary

Sale

71,954

5.6511 GBP

10p ordinary

Sale

67,129

5.6858 GBP

10p ordinary

Sale

62,502

5.6742 GBP

10p ordinary

Sale

21,098

5.6709 GBP

10p ordinary

Sale

21,010

5.6765 GBP

10p ordinary

Sale

20,471

5.6632 GBP

10p ordinary

Sale

19,460

5.6992 GBP

10p ordinary

Sale

16,185

5.6747 GBP

10p ordinary

Sale

16,037

5.6782 GBP

10p ordinary

Sale

11,152

5.6600 GBP

10p ordinary

Sale

8,081

5.6661 GBP

10p ordinary

Sale

7,853

5.7037 GBP

10p ordinary

Sale

7,780

5.6669 GBP

10p ordinary

Sale

7,346

5.6592 GBP

10p ordinary

Sale

6,491

5.6930 GBP

10p ordinary

Sale

6,467

5.6801 GBP

10p ordinary

Sale

6,148

5.6725 GBP

10p ordinary

Sale

6,066

5.6812 GBP

10p ordinary

Sale

5,778

5.6626 GBP

10p ordinary

Sale

5,575

5.6647 GBP

10p ordinary

Sale

4,336

5.7100 GBP

10p ordinary

Sale

3,680

5.6536 GBP

10p ordinary

Sale

3,424

5.6508 GBP

10p ordinary

Sale

3,335

5.6695 GBP

10p ordinary

Sale

3,281

5.6735 GBP

10p ordinary

Sale

3,197

5.6732 GBP

10p ordinary

Sale

2,758

5.6554 GBP

10p ordinary

Sale

2,719

5.6407 GBP

10p ordinary

Sale

2,336

5.6630 GBP

10p ordinary

Sale

1,940

5.6603 GBP

10p ordinary

Sale

1,790

5.6450 GBP

10p ordinary

Sale

1,257

5.6901 GBP

10p ordinary

Sale

1,224

5.6800 GBP

10p ordinary

Sale

1,157

5.7129 GBP

10p ordinary

Sale

1,098

5.6562 GBP

10p ordinary

Sale

858

5.6750 GBP

10p ordinary

Sale

850

5.6575 GBP

10p ordinary

Sale

829

5.6730 GBP

10p ordinary

Sale

717

5.6550 GBP

10p ordinary

Sale

555

5.6900 GBP

10p ordinary

Sale

515

5.6400 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

26,578

5.6755 GBP

10p ordinary

SWAP

Decreasing Short

71,954

5.6511 GBP

10p ordinary

SWAP

Decreasing Short

59,626

5.6597 GBP

10p ordinary

SWAP

Decreasing Short

12,962

5.6615 GBP

10p ordinary

SWAP

Decreasing Short

10,982

5.6632 GBP

10p ordinary

SWAP

Decreasing Short

21,523

5.6652 GBP

10p ordinary

SWAP

Decreasing Short

7,652

5.6670 GBP

10p ordinary

SWAP

Decreasing Short

76,459

5.6722 GBP

10p ordinary

SWAP

Decreasing Short

62,502

5.6742 GBP

10p ordinary

SWAP

Decreasing Short

1,257

5.6901 GBP

10p ordinary

SWAP

Decreasing Short

26,271

5.6997 GBP

10p ordinary

SWAP

Decreasing Short

2,570

5.7000 GBP

10p ordinary

SWAP

Increasing Short

39,379

5.6698 GBP

10p ordinary

SWAP

Increasing Short

3,824

5.6828 GBP

10p ordinary

SWAP

Increasing Short

4,489

5.6947 GBP

10p ordinary

SWAP

Increasing Short

1,298

5.6964 GBP

10p ordinary

SWAP

Increasing Short

27,356

5.6985 GBP

10p ordinary

SWAP

Increasing Short

225,666

5.6993 GBP

10p ordinary

SWAP

Increasing Short

2,881

5.7000 GBP

10p ordinary

SWAP

Increasing Short

109,410

5.7002 GBP

10p ordinary

SWAP

Increasing Short

2,676

5.7010 USD

10p ordinary

SWAP

Increasing Short

20,363

5.7011 GBP

10p ordinary

SWAP

Increasing Short

1,187

5.7069 GBP

10p ordinary

SWAP

Increasing Short

195

5.7200 GBP

10p ordinary

CFD

Decreasing Short

50,000

5.6593 GBP

10p ordinary

CFD

Decreasing Short

16,570

5.6674 GBP

10p ordinary

CFD

Decreasing Short

873

5.7000 GBP

10p ordinary

CFD

Increasing Short

1,538,678

5.6600 GBP

10p ordinary

CFD

Increasing Short

224,443

5.7000 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:

20 Nov 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213