| 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 Nov 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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| 887,124 | 0.26% | 551,345 | 0.16% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 318,464 | 0.09% | 13,660 | 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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| 1,205,588 | 0.35% | 565,005 | 0.16% |
| (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 | 63,058 | 58.4051 USD | ||||
| common stock | Purchase | 24,766 | 58.3800 USD | ||||
| common stock | Purchase | 19,857 | 58.4315 USD | ||||
| common stock | Purchase | 14,792 | 58.4193 USD | ||||
| common stock | Purchase | 14,310 | 58.3826 USD | ||||
| common stock | Purchase | 9,000 | 58.5761 USD | ||||
| common stock | Purchase | 6,384 | 58.4223 USD | ||||
| common stock | Purchase | 3,747 | 58.3877 USD | ||||
| common stock | Purchase | 3,678 | 58.4921 USD | ||||
| common stock | Purchase | 3,574 | 58.4882 USD | ||||
| common stock | Purchase | 3,415 | 58.3677 USD | ||||
| common stock | Purchase | 2,661 | 59.2600 USD | ||||
| common stock | Purchase | 2,645 | 58.4611 USD | ||||
| common stock | Purchase | 1,679 | 58.4428 USD | ||||
| common stock | Purchase | 1,167 | 58.3568 USD | ||||
| common stock | Purchase | 574 | 58.6187 USD | ||||
| common stock | Purchase | 541 | 58.4178 USD | ||||
| common stock | Purchase | 403 | 58.3199 USD | ||||
| common stock | Purchase | 396 | 58.5460 USD | ||||
| common stock | Purchase | 388 | 58.3305 USD | ||||
| common stock | Purchase | 385 | 58.6120 USD | ||||
| common stock | Purchase | 326 | 58.5244 USD | ||||
| common stock | Purchase | 308 | 58.4438 USD | ||||
| common stock | Purchase | 176 | 58.5475 USD | ||||
| common stock | Purchase | 130 | 58.8000 USD | ||||
| common stock | Purchase | 100 | 58.4000 USD | ||||
| common stock | Purchase | 100 | 58.2800 USD | ||||
| common stock | Purchase | 95 | 58.2600 USD | ||||
| common stock | Purchase | 82 | 58.3700 USD | ||||
| common stock | Purchase | 28 | 58.4889 USD | ||||
| common stock | Purchase | 27 | 58.5814 USD | ||||
| common stock | Purchase | 20 | 58.5245 USD | ||||
| common stock | Purchase | 18 | 58.4083 USD | ||||
| common stock | Purchase | 5 | 58.3400 USD | ||||
| common stock | Purchase | 5 | 58.7100 USD | ||||
| common stock | Sale | 92,190 | 58.4117 USD | ||||
| common stock | Sale | 38,523 | 58.3800 USD | ||||
| common stock | Sale | 9,068 | 58.4201 USD | ||||
| common stock | Sale | 5,018 | 58.5176 USD | ||||
| common stock | Sale | 4,500 | 58.5761 USD | ||||
| common stock | Sale | 4,208 | 58.4682 USD | ||||
| common stock | Sale | 3,747 | 58.3877 USD | ||||
| common stock | Sale | 2,661 | 59.2600 USD | ||||
| common stock | Sale | 2,550 | 58.5014 USD | ||||
| common stock | Sale | 1,761 | 58.3979 USD | ||||
| common stock | Sale | 1,301 | 58.5460 USD | ||||
| common stock | Sale | 1,019 | 58.5900 USD | ||||
| common stock | Sale | 1,009 | 58.4447 USD | ||||
| common stock | Sale | 847 | 58.5492 USD | ||||
| common stock | Sale | 706 | 58.5788 USD | ||||
| common stock | Sale | 699 | 58.4213 USD | ||||
| common stock | Sale | 388 | 58.3305 USD | ||||
| common stock | Sale | 381 | 58.6585 USD | ||||
| common stock | Sale | 377 | 58.5309 USD | ||||
| common stock | Sale | 351 | 58.2899 USD | ||||
| common stock | Sale | 324 | 58.6776 USD | ||||
| common stock | Sale | 320 | 58.4562 USD | ||||
| common stock | Sale | 301 | 58.4448 USD | ||||
| common stock | Sale | 216 | 58.3352 USD | ||||
| common stock | Sale | 125 | 58.2850 USD | ||||
| common stock | Sale | 110 | 58.3538 USD | ||||
| common stock | Sale | 110 | 58.3819 USD | ||||
| common stock | Sale | 109 | 58.2800 USD | ||||
| common stock | Sale | 100 | 58.4000 USD | ||||
| common stock | Sale | 100 | 58.7100 USD | ||||
| common stock | Sale | 95 | 58.4908 USD | ||||
| common stock | Sale | 90 | 58.4364 USD | ||||
| common stock | Sale | 65 | 58.8000 USD | ||||
| common stock | Sale | 40 | 58.5245 USD | ||||
| common stock | Sale | 40 | 58.7857 USD | ||||
| common stock | Sale | 37 | 59.1600 USD | ||||
| common stock | Sale | 11 | 58.3700 USD | ||||
| common stock | Sale | 6 | 58.4116 USD | ||||
| common stock | Sale | 2 | 58.3650 USD | ||||
| common stock | Sale | 1 | 58.5100 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 | 3,171 | 58.3810 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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| (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: | 28 Nov 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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