| 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 |
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| positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | INTERNATIONAL PAPER COMPANY | |||||
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| relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
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| offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 27 Sep 2024 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | DS SMITH PLC |
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| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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| Class of relevant security: | common stock | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 891,041 | 0.26% | 447,538 | 0.13% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 357,439 | 0.10% | 0 | 0.00% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 1,248,480 | 0.36% | 447,538 | 0.13% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security |
| securities |
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| common stock | Purchase | 52,305 | 49.0505 USD | ||||
| common stock | Purchase | 35,478 | 49.0463 USD | ||||
| common stock | Purchase | 29,033 | 49.0514 USD | ||||
| common stock | Purchase | 23,619 | 49.0620 USD | ||||
| common stock | Purchase | 13,495 | 49.0105 USD | ||||
| common stock | Purchase | 8,753 | 49.0755 USD | ||||
| common stock | Purchase | 7,832 | 49.0726 USD | ||||
| common stock | Purchase | 6,965 | 49.0400 USD | ||||
| common stock | Purchase | 6,888 | 49.0458 USD | ||||
| common stock | Purchase | 3,552 | 49.0669 USD | ||||
| common stock | Purchase | 2,448 | 49.0361 USD | ||||
| common stock | Purchase | 2,400 | 49.0718 USD | ||||
| common stock | Purchase | 1,703 | 49.0642 USD | ||||
| common stock | Purchase | 1,129 | 49.0414 USD | ||||
| common stock | Purchase | 856 | 49.0374 USD | ||||
| common stock | Purchase | 844 | 49.0953 USD | ||||
| common stock | Purchase | 740 | 49.0843 USD | ||||
| common stock | Purchase | 280 | 49.1100 USD | ||||
| common stock | Purchase | 260 | 49.0269 USD | ||||
| common stock | Purchase | 200 | 48.9900 USD | ||||
| common stock | Purchase | 200 | 49.0900 USD | ||||
| common stock | Purchase | 184 | 49.1185 USD | ||||
| common stock | Purchase | 180 | 49.1300 USD | ||||
| common stock | Purchase | 150 | 49.0216 USD | ||||
| common stock | Purchase | 138 | 49.1228 USD | ||||
| common stock | Purchase | 137 | 49.1400 USD | ||||
| common stock | Purchase | 102 | 49.0100 USD | ||||
| common stock | Purchase | 100 | 49.0950 USD | ||||
| common stock | Purchase | 100 | 49.0300 USD | ||||
| common stock | Purchase | 100 | 49.1350 USD | ||||
| common stock | Purchase | 100 | 48.9075 USD | ||||
| common stock | Sale | 76,209 | 49.0546 USD | ||||
| common stock | Sale | 22,657 | 49.0408 USD | ||||
| common stock | Sale | 22,386 | 49.0391 USD | ||||
| common stock | Sale | 11,080 | 49.0661 USD | ||||
| common stock | Sale | 10,086 | 49.0573 USD | ||||
| common stock | Sale | 7,760 | 49.0755 USD | ||||
| common stock | Sale | 6,566 | 49.0984 USD | ||||
| common stock | Sale | 6,154 | 49.0320 USD | ||||
| common stock | Sale | 4,544 | 49.0603 USD | ||||
| common stock | Sale | 4,406 | 49.0073 USD | ||||
| common stock | Sale | 4,135 | 49.0364 USD | ||||
| common stock | Sale | 3,970 | 49.0767 USD | ||||
| common stock | Sale | 3,440 | 49.0400 USD | ||||
| common stock | Sale | 3,300 | 49.0569 USD | ||||
| common stock | Sale | 2,955 | 49.0373 USD | ||||
| common stock | Sale | 2,939 | 49.0043 USD | ||||
| common stock | Sale | 2,164 | 49.0535 USD | ||||
| common stock | Sale | 1,355 | 49.0567 USD | ||||
| common stock | Sale | 966 | 48.9738 USD | ||||
| common stock | Sale | 856 | 49.0374 USD | ||||
| common stock | Sale | 468 | 49.0700 USD | ||||
| common stock | Sale | 360 | 49.1100 USD | ||||
| common stock | Sale | 266 | 49.1033 USD | ||||
| common stock | Sale | 250 | 49.0260 USD | ||||
| common stock | Sale | 230 | 48.9336 USD | ||||
| common stock | Sale | 200 | 48.9900 USD | ||||
| common stock | Sale | 150 | 49.0216 USD | ||||
| common stock | Sale | 107 | 48.9734 USD | ||||
| common stock | Sale | 100 | 48.9075 USD | ||||
| common stock | Sale | 100 | 49.0950 USD | ||||
| common stock | Sale | 100 | 49.0200 USD | ||||
| common stock | Sale | 95 | 48.8800 USD | ||||
| common stock | Sale | 20 | 49.0300 USD | ||||
| common stock | Sale | 10 | 49.0500 USD | ||||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| common stock | SWAP | Decreasing Long | 428 | 49.0425 USD | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
| security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| securities | unit | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the person making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 30 Sep 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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