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

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:

27 Jun 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:

854,461

0.25%

485,908

0.14%

(2)

Cash-settled derivatives:

and/or controlled:

107,828

0.03%

38,180

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

962,289

0.28%

524,088

0.15%

(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

662,071

42.9198 USD

common stock

Purchase

327,675

42.3947 USD

common stock

Purchase

305,034

42.7686 USD

common stock

Purchase

230,653

42.8195 USD

common stock

Purchase

221,064

41.9928 USD

common stock

Purchase

196,089

42.4891 USD

common stock

Purchase

154,383

42.8146 USD

common stock

Purchase

145,263

42.6111 USD

common stock

Purchase

134,509

41.4864 USD

common stock

Purchase

95,563

39.7749 USD

common stock

Purchase

72,480

42.5103 USD

common stock

Purchase

52,197

42.9151 USD

common stock

Purchase

52,135

43.0967 USD

common stock

Purchase

51,825

42.7169 USD

common stock

Purchase

50,000

43.2147 USD

common stock

Purchase

44,946

42.8868 USD

common stock

Purchase

41,403

42.3597 USD

common stock

Purchase

39,336

42.1772 USD

common stock

Purchase

30,376

42.9334 USD

common stock

Purchase

29,906

42.8326 USD

common stock

Purchase

24,141

42.7119 USD

common stock

Purchase

22,739

43.2500 USD

common stock

Purchase

20,859

42.4230 USD

common stock

Purchase

19,723

41.3655 USD

common stock

Purchase

17,731

42.7178 USD

common stock

Purchase

17,094

42.8043 USD

common stock

Purchase

15,040

42.9803 USD

common stock

Purchase

12,850

41.1500 USD

common stock

Purchase

11,939

42.6271 USD

common stock

Purchase

11,155

42.7360 USD

common stock

Purchase

10,255

42.8285 USD

common stock

Purchase

10,080

42.8500 USD

common stock

Purchase

9,295

42.6984 USD

common stock

Purchase

9,169

42.9456 USD

common stock

Purchase

8,130

42.7730 USD

common stock

Purchase

7,800

42.5985 USD

common stock

Purchase

7,387

42.7505 USD

common stock

Purchase

6,389

42.3991 USD

common stock

Purchase

6,331

42.7651 USD

common stock

Purchase

6,318

43.1919 USD

common stock

Purchase

5,300

42.6975 USD

common stock

Purchase

5,049

42.7317 USD

common stock

Purchase

5,000

42.3610 USD

common stock

Purchase

4,665

42.9202 USD

common stock

Purchase

4,482

42.6334 USD

common stock

Purchase

3,803

42.9042 USD

common stock

Purchase

3,786

42.9841 USD

common stock

Purchase

3,743

43.4000 USD

common stock

Purchase

3,494

42.4400 USD

common stock

Purchase

3,454

42.9435 USD

common stock

Purchase

3,273

43.2874 USD

common stock

Purchase

2,970

43.0143 USD

common stock

Purchase

2,796

42.7351 USD

common stock

Purchase

2,733

42.7231 USD

common stock

Purchase

2,500

42.5804 USD

common stock

Purchase

2,400

41.1000 USD

common stock

Purchase

2,000

41.9927 USD

common stock

Purchase

2,000

42.3682 USD

common stock

Purchase

1,919

41.4016 USD

common stock

Purchase

1,765

43.2528 USD

common stock

Purchase

1,594

42.9556 USD

common stock

Purchase

1,300

42.7057 USD

common stock

Purchase

1,285

41.4900 USD

common stock

Purchase

1,204

42.8731 USD

common stock

Purchase

1,006

42.6917 USD

common stock

Purchase

943

43.1475 USD

common stock

Purchase

903

42.8276 USD

common stock

Purchase

752

42.4053 USD

common stock

Purchase

724

42.6584 USD

common stock

Purchase

700

42.7000 USD

common stock

Purchase

600

42.7822 USD

common stock

Purchase

600

42.7233 USD

common stock

Purchase

591

42.9970 USD

common stock

Purchase

450

42.5822 USD

common stock

Purchase

437

42.5508 USD

common stock

Purchase

326

42.7965 USD

common stock

Purchase

300

42.6550 USD

common stock

Purchase

238

43.3310 USD

common stock

Purchase

200

42.7300 USD

common stock

Purchase

200

42.6250 USD

common stock

Purchase

200

42.8000 USD

common stock

Purchase

160

42.4100 USD

common stock

Purchase

150

41.7566 USD

common stock

Purchase

150

42.8100 USD

common stock

Purchase

138

42.7660 USD

common stock

Purchase

100

42.8200 USD

common stock

Purchase

100

42.1200 USD

common stock

Purchase

100

42.5500 USD

common stock

Purchase

100

42.3400 USD

common stock

Purchase

75

42.5200 USD

common stock

Purchase

52

42.2100 USD

common stock

Purchase

52

42.2900 USD

common stock

Purchase

50

43.3300 USD

common stock

Purchase

22

42.8600 USD

common stock

Purchase

5

42.4300 USD

common stock

Purchase

3

43.2900 USD

common stock

Sale

282,701

43.1108 USD

common stock

Sale

257,000

42.6000 USD

common stock

Sale

234,205

42.7343 USD

common stock

Sale

228,623

42.6607 USD

common stock

Sale

199,175

42.2622 USD

common stock

Sale

195,338

42.8193 USD

common stock

Sale

162,791

42.8279 USD

common stock

Sale

147,604

42.9707 USD

common stock

Sale

134,709

41.4890 USD

common stock

Sale

113,879

42.4892 USD

common stock

Sale

108,372

42.3941 USD

common stock

Sale

100,000

42.8213 USD

common stock

Sale

95,563

39.7749 USD

common stock

Sale

88,454

42.7257 USD

common stock

Sale

80,044

42.3358 USD

common stock

Sale

77,798

42.8158 USD

common stock

Sale

73,247

42.7299 USD

common stock

Sale

54,936

42.7248 USD

common stock

Sale

44,227

42.3307 USD

common stock

Sale

41,403

42.3597 USD

common stock

Sale

40,747

41.3183 USD

common stock

Sale

38,332

42.6118 USD

common stock

Sale

37,431

43.1922 USD

common stock

Sale

33,623

43.0739 USD

common stock

Sale

33,582

43.0062 USD

common stock

Sale

30,532

40.3836 USD

common stock

Sale

27,043

40.9279 USD

common stock

Sale

26,600

42.6201 USD

common stock

Sale

23,085

43.2500 USD

common stock

Sale

21,788

39.5284 USD

common stock

Sale

20,859

42.4230 USD

common stock

Sale

20,233

42.4513 USD

common stock

Sale

19,723

41.3655 USD

common stock

Sale

19,153

42.4295 USD

common stock

Sale

17,184

42.5626 USD

common stock

Sale

17,173

42.4578 USD

common stock

Sale

16,011

42.7132 USD

common stock

Sale

14,854

43.1702 USD

common stock

Sale

12,850

41.1500 USD

common stock

Sale

12,355

42.7386 USD

common stock

Sale

11,939

43.0604 USD

common stock

Sale

10,496

42.7128 USD

common stock

Sale

10,104

42.3750 USD

common stock

Sale

10,000

42.8552 USD

common stock

Sale

9,980

42.8452 USD

common stock

Sale

8,985

43.0233 USD

common stock

Sale

8,334

42.7753 USD

common stock

Sale

8,105

42.6429 USD

common stock

Sale

7,682

41.9990 USD

common stock

Sale

7,623

41.7136 USD

common stock

Sale

7,387

42.7505 USD

common stock

Sale

6,167

42.9185 USD

common stock

Sale

5,472

42.2940 USD

common stock

Sale

5,000

42.3610 USD

common stock

Sale

4,775

42.2300 USD

common stock

Sale

4,665

42.9202 USD

common stock

Sale

4,482

42.6334 USD

common stock

Sale

4,352

42.6671 USD

common stock

Sale

4,333

42.9671 USD

common stock

Sale

3,743

43.4000 USD

common stock

Sale

3,500

43.1667 USD

common stock

Sale

3,084

42.3800 USD

common stock

Sale

3,075

43.3313 USD

common stock

Sale

2,903

43.3394 USD

common stock

Sale

2,518

43.3535 USD

common stock

Sale

2,500

42.5804 USD

common stock

Sale

2,400

41.1000 USD

common stock

Sale

2,044

43.2272 USD

common stock

Sale

2,000

42.3682 USD

common stock

Sale

2,000

43.3295 USD

common stock

Sale

2,000

41.9927 USD

common stock

Sale

1,990

42.9575 USD

common stock

Sale

1,916

42.2946 USD

common stock

Sale

1,720

42.7609 USD

common stock

Sale

1,673

43.0402 USD

common stock

Sale

1,569

43.1600 USD

common stock

Sale

1,550

42.2680 USD

common stock

Sale

1,488

43.3526 USD

common stock

Sale

1,413

43.2512 USD

common stock

Sale

1,310

42.2576 USD

common stock

Sale

1,300

43.0000 USD

common stock

Sale

1,285

41.4900 USD

common stock

Sale

907

42.2808 USD

common stock

Sale

893

42.4491 USD

common stock

Sale

815

42.0823 USD

common stock

Sale

756

42.3827 USD

common stock

Sale

755

43.0667 USD

common stock

Sale

744

42.2526 USD

common stock

Sale

500

43.3120 USD

common stock

Sale

500

42.4970 USD

common stock

Sale

421

43.3511 USD

common stock

Sale

400

42.3850 USD

common stock

Sale

400

43.2000 USD

common stock

Sale

372

43.3508 USD

common stock

Sale

306

42.2709 USD

common stock

Sale

300

43.0966 USD

common stock

Sale

300

43.1500 USD

common stock

Sale

300

42.2933 USD

common stock

Sale

279

43.2880 USD

common stock

Sale

212

42.9963 USD

common stock

Sale

200

42.2675 USD

common stock

Sale

150

42.4100 USD

common stock

Sale

125

43.3300 USD

common stock

Sale

101

42.4400 USD

common stock

Sale

100

42.8200 USD

common stock

Sale

100

42.5500 USD

common stock

Sale

100

43.3400 USD

common stock

Sale

100

43.3500 USD

common stock

Sale

100

42.3400 USD

common stock

Sale

88

43.0276 USD

common stock

Sale

25

43.3600 USD

common stock

Sale

19

39.9726 USD

common stock

Sale

1

43.0300 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

Opening Long

9,255

41.5357 USD

common stock

SWAP

Opening Long

18,949

42.2284 USD

common stock

SWAP

Opening Long

43,579

39.7101 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

common stock

Call Options

Purchasing

5,200

USD

TBD

TBD

0.9615 USD

common stock

Put Options

Selling

12,100

45.0000 USD

American

28 Jun 2024

2.2603 USD

common stock

Call Options

Purchasing

5,600

USD

TBD

TBD

4.7642 USD

common stock

Call Options

Purchasing

8,500

USD

TBD

TBD

6.1398 USD

common stock

Call Options

Selling

17,200

USD

TBD

TBD

0.5000 USD

common stock

Call Options

Purchasing

9,000

USD

TBD

TBD

1.4158 USD

(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:

28 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213