| 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: | 03 Dec 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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| 984,300 | 0.28% | 604,309 | 0.17% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 319,283 | 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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| 1,303,583 | 0.38% | 617,969 | 0.18% |
| (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 | 251,142 | 58.7100 USD | ||||
| common stock | Purchase | 81,023 | 58.6871 USD | ||||
| common stock | Purchase | 55,344 | 58.7099 USD | ||||
| common stock | Purchase | 34,257 | 58.7501 USD | ||||
| common stock | Purchase | 4,652 | 58.2800 USD | ||||
| common stock | Purchase | 3,705 | 58.5256 USD | ||||
| common stock | Purchase | 3,664 | 58.6476 USD | ||||
| common stock | Purchase | 3,389 | 58.5446 USD | ||||
| common stock | Purchase | 3,371 | 58.6717 USD | ||||
| common stock | Purchase | 3,341 | 58.4790 USD | ||||
| common stock | Purchase | 2,986 | 58.6413 USD | ||||
| common stock | Purchase | 2,068 | 58.5184 USD | ||||
| common stock | Purchase | 1,102 | 58.5865 USD | ||||
| common stock | Purchase | 726 | 58.4980 USD | ||||
| common stock | Purchase | 575 | 58.6303 USD | ||||
| common stock | Purchase | 304 | 58.6723 USD | ||||
| common stock | Purchase | 293 | 58.6333 USD | ||||
| common stock | Purchase | 229 | 58.4743 USD | ||||
| common stock | Purchase | 191 | 58.7050 USD | ||||
| common stock | Purchase | 189 | 58.4868 USD | ||||
| common stock | Purchase | 163 | 58.5566 USD | ||||
| common stock | Purchase | 101 | 58.7002 USD | ||||
| common stock | Purchase | 100 | 58.4200 USD | ||||
| common stock | Purchase | 100 | 58.4250 USD | ||||
| common stock | Purchase | 79 | 58.4700 USD | ||||
| common stock | Purchase | 31 | 58.6358 USD | ||||
| common stock | Purchase | 15 | 58.3600 USD | ||||
| common stock | Purchase | 15 | 58.3850 USD | ||||
| common stock | Purchase | 10 | 58.7400 USD | ||||
| common stock | Purchase | 9 | 58.7133 USD | ||||
| common stock | Purchase | 5 | 58.7200 USD | ||||
| common stock | Purchase | 5 | 58.5900 USD | ||||
| common stock | Sale | 194,810 | 58.7100 USD | ||||
| common stock | Sale | 92,184 | 58.7099 USD | ||||
| common stock | Sale | 84,789 | 58.6841 USD | ||||
| common stock | Sale | 25,522 | 58.7161 USD | ||||
| common stock | Sale | 10,037 | 58.7268 USD | ||||
| common stock | Sale | 7,717 | 58.7583 USD | ||||
| common stock | Sale | 7,096 | 58.7671 USD | ||||
| common stock | Sale | 4,652 | 58.2800 USD | ||||
| common stock | Sale | 3,762 | 58.5932 USD | ||||
| common stock | Sale | 3,382 | 58.6552 USD | ||||
| common stock | Sale | 3,210 | 58.3105 USD | ||||
| common stock | Sale | 3,026 | 58.6396 USD | ||||
| common stock | Sale | 2,362 | 58.5040 USD | ||||
| common stock | Sale | 1,985 | 58.7608 USD | ||||
| common stock | Sale | 1,473 | 58.7727 USD | ||||
| common stock | Sale | 1,260 | 58.4608 USD | ||||
| common stock | Sale | 1,248 | 58.6606 USD | ||||
| common stock | Sale | 1,230 | 58.6398 USD | ||||
| common stock | Sale | 836 | 58.6100 USD | ||||
| common stock | Sale | 798 | 58.8397 USD | ||||
| common stock | Sale | 229 | 58.4743 USD | ||||
| common stock | Sale | 197 | 58.6994 USD | ||||
| common stock | Sale | 178 | 58.7847 USD | ||||
| common stock | Sale | 177 | 58.6761 USD | ||||
| common stock | Sale | 173 | 58.6583 USD | ||||
| common stock | Sale | 164 | 58.8574 USD | ||||
| common stock | Sale | 100 | 58.4250 USD | ||||
| common stock | Sale | 88 | 58.8500 USD | ||||
| common stock | Sale | 70 | 58.7000 USD | ||||
| common stock | Sale | 38 | 58.4400 USD | ||||
| common stock | Sale | 31 | 58.5566 USD | ||||
| common stock | Sale | 30 | 58.3850 USD | ||||
| common stock | Sale | 30 | 58.4700 USD | ||||
| common stock | Sale | 15 | 58.5500 USD | ||||
| common stock | Sale | 10 | 58.5950 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 | Increasing Long | 264 | 58.7075 USD | |||
| common stock | SWAP | Increasing Long | 1,236 | 58.7089 USD | |||
| common stock | SWAP | Increasing Long | 2,774 | 58.7090 USD | |||
| common stock | SWAP | Decreasing Long | 1,360 | 58.7125 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: | 04 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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