| 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 | DS SMITH PLC | |||||
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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: | 28 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? | INTERNATIONAL PAPER COMPANY |
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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: | 10p ordinary | ||||||
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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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| 32,713,038 | 2.37% | 23,138,499 | 1.68% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,982,866 | 0.87% | 31,638,542 | 2.29% |
| (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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| 44,695,904 | 3.24% | 54,777,041 | 3.97% |
| (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 |
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| 10p ordinary | Purchase | 104,472 | 5.8269 GBP | ||||
| 10p ordinary | Purchase | 73,727 | 5.8300 GBP | ||||
| 10p ordinary | Purchase | 61,176 | 5.8270 GBP | ||||
| 10p ordinary | Purchase | 52,800 | 5.8257 GBP | ||||
| 10p ordinary | Purchase | 28,834 | 5.8295 GBP | ||||
| 10p ordinary | Purchase | 24,811 | 5.8154 GBP | ||||
| 10p ordinary | Purchase | 22,480 | 5.8233 GBP | ||||
| 10p ordinary | Purchase | 9,435 | 5.8293 GBP | ||||
| 10p ordinary | Purchase | 4,788 | 5.8253 GBP | ||||
| 10p ordinary | Purchase | 3,020 | 5.8376 GBP | ||||
| 10p ordinary | Purchase | 2,599 | 5.8091 GBP | ||||
| 10p ordinary | Purchase | 2,207 | 5.7900 GBP | ||||
| 10p ordinary | Purchase | 2,098 | 5.8187 GBP | ||||
| 10p ordinary | Purchase | 1,988 | 5.8329 GBP | ||||
| 10p ordinary | Purchase | 1,745 | 5.7917 GBP | ||||
| 10p ordinary | Purchase | 1,727 | 5.8304 GBP | ||||
| 10p ordinary | Purchase | 1,101 | 5.8355 GBP | ||||
| 10p ordinary | Purchase | 984 | 5.8250 GBP | ||||
| 10p ordinary | Purchase | 522 | 5.8350 GBP | ||||
| 10p ordinary | Purchase | 470 | 5.8325 GBP | ||||
| 10p ordinary | Purchase | 417 | 5.7850 GBP | ||||
| 10p ordinary | Purchase | 225 | 5.8225 GBP | ||||
| 10p ordinary | Purchase | 139 | 5.7825 GBP | ||||
| 10p ordinary | Purchase | 32 | 5.7750 GBP | ||||
| 10p ordinary | Sale | 86,534 | 5.8300 GBP | ||||
| 10p ordinary | Sale | 17,624 | 5.8294 GBP | ||||
| 10p ordinary | Sale | 8,604 | 5.8399 GBP | ||||
| 10p ordinary | Sale | 8,390 | 5.8269 GBP | ||||
| 10p ordinary | Sale | 5,000 | 5.8015 GBP | ||||
| 10p ordinary | Sale | 3,891 | 5.8069 GBP | ||||
| 10p ordinary | Sale | 3,859 | 5.8365 GBP | ||||
| 10p ordinary | Sale | 3,020 | 5.8382 GBP | ||||
| 10p ordinary | Sale | 2,302 | 5.8238 GBP | ||||
| 10p ordinary | Sale | 2,265 | 5.8286 GBP | ||||
| 10p ordinary | Sale | 2,241 | 5.8292 GBP | ||||
| 10p ordinary | Sale | 2,158 | 5.8241 GBP | ||||
| 10p ordinary | Sale | 1,096 | 5.8374 GBP | ||||
| 10p ordinary | Sale | 741 | 5.7767 GBP | ||||
| 10p ordinary | Sale | 619 | 5.7936 GBP | ||||
| 10p ordinary | Sale | 522 | 5.8355 GBP | ||||
| 10p ordinary | Sale | 370 | 5.7850 GBP | ||||
| 10p ordinary | Sale | 107 | 5.7900 GBP | ||||
| 10p ordinary | Sale | 92 | 5.8400 GBP | ||||
| 10p ordinary | Sale | 38 | 5.8250 GBP | ||||
| 10p ordinary | Sale | 32 | 5.7750 GBP | ||||
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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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| 10p ordinary | SWAP | Decreasing Short | 3,891 | 5.8069 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,158 | 5.8241 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,656 | 5.8300 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,096 | 5.8374 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 24,811 | 5.8154 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,167 | 5.8213 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 22,480 | 5.8233 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 52,800 | 5.8256 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 61,176 | 5.8269 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 915 | 5.8293 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,503 | 5.8295 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 34,201 | 5.8303 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,626 | 5.8304 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 9,242 | 5.8307 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 330,000 | 5.9422 USD | |||
| 10p ordinary | CFD | Decreasing Short | 147 | 5.8300 GBP | |||
| 10p ordinary | CFD | Increasing Short | 46,795 | 5.8300 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,373 | 5.8333 GBP | |||
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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: | 29 Nov 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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