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:
| BNP Paribas SA |
| 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 | Type e.g. American, European etc. | Expiry date |
| common stock (US4601461035) | Call Option | P | 20000 | 45 | american | 16/01/2026 |
| common stock (US4601461035) | Call Option | P | 175000 | 45.85 | american | 18/10/2024 |
| common stock (US4601461035) | Call Option | P | 50000 | 45 | american | 17/01/2025 |
| common stock (US4601461035) | Call Option | W | -20000 | 45 | american | 16/01/2026 |
| common stock (US4601461035) | Call Option | W | -50000 | 45 | american | 17/01/2025 |
| common stock (US4601461035) | Call Option | P | 24900 | 45.72 | american | 17/01/2025 |
| common stock (US4601461035) | Put Option | W | 52900 | 45.72 | american | 17/01/2025 |
| common stock (US4601461035) | Put Option | W | 100000 | 45.72 | american | 16/08/2024 |
| common stock (US4601461035) | Put Option | W | 22300 | 45.72 | american | 18/10/2024 |
| common stock (US4601461035) | Put Option | P | -200000 | 45.72 | american | 18/10/2024 |
| common stock (US4601461035) | Put Option | W | 52900 | 22.5 | american | 17/01/2025 |
| common stock (US4601461035) | Put Option | P | -52900 | 22.5 | american | 17/01/2025 |
| common stock (US4601461035) | Call Option | W | -200000 | 45.72 | american | 18/10/2024 |
| 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 | |
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