| 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 | | |||||
| | positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | INTERNATIONAL PAPER COMPANY | |||||
| | relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an | | |||||
| | offeror/offeree, state this and specify identity of | ||||||
| | offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 18 Dec 2024 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: | | | |||
| | disclosures in respect of any other party to the offer? | DS SMITH PLC | | ||||
| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree | | |||||
| | to which the disclosure relates following the dealing(if any) | | |||||
| Class of relevant security: | common stock | ||||||
| | Interests | Short Positions | |||||
| | Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned | | | | | ||
| | and/or controlled: | | | 951,444 | 0.27% | 1,024,593 | 0.29% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 536,760 | 0.15% | 13,660 | 0.00% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 1,488,204 | 0.43% | 1,038,253 | 0.30% |
| (b) | Rights to subscribe for new securities (including directors and other executive | | |||||
| | options) | | | | | | |
| Class of relevant security in relation to | | | | | |||
| which subscription right exists | | | | | |||
| Details, including nature of the rights | | | | | |||
| concerned and relevant percentages: | | | | | |||
| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales | | | | | | |
| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security | | securities | | ||||
| common stock | Purchase | 351,986 | 53.6400 USD | ||||
| common stock | Purchase | 225,726 | 53.6435 USD | ||||
| common stock | Purchase | 85,362 | 53.7082 USD | ||||
| common stock | Purchase | 24,257 | 53.8378 USD | ||||
| common stock | Purchase | 21,328 | 53.9456 USD | ||||
| common stock | Purchase | 16,201 | 53.8361 USD | ||||
| common stock | Purchase | 11,598 | 54.6663 USD | ||||
| common stock | Purchase | 11,420 | 54.4067 USD | ||||
| common stock | Purchase | 9,379 | 54.6809 USD | ||||
| common stock | Purchase | 6,700 | 53.7560 USD | ||||
| common stock | Purchase | 4,879 | 54.7611 USD | ||||
| common stock | Purchase | 3,471 | 53.6413 USD | ||||
| common stock | Purchase | 2,973 | 53.9736 USD | ||||
| common stock | Purchase | 2,809 | 55.1660 USD | ||||
| common stock | Purchase | 2,045 | 54.5166 USD | ||||
| common stock | Purchase | 1,456 | 54.0564 USD | ||||
| common stock | Purchase | 1,352 | 54.7918 USD | ||||
| common stock | Purchase | 1,257 | 53.8313 USD | ||||
| common stock | Purchase | 1,153 | 54.9890 USD | ||||
| common stock | Purchase | 841 | 54.8741 USD | ||||
| common stock | Purchase | 737 | 54.7849 USD | ||||
| common stock | Purchase | 613 | 54.7985 USD | ||||
| common stock | Purchase | 607 | 54.3824 USD | ||||
| common stock | Purchase | 536 | 55.1273 USD | ||||
| common stock | Purchase | 530 | 53.6605 USD | ||||
| common stock | Purchase | 530 | 54.5345 USD | ||||
| common stock | Purchase | 427 | 54.4093 USD | ||||
| common stock | Purchase | 406 | 55.1148 USD | ||||
| common stock | Purchase | 277 | 54.1785 USD | ||||
| common stock | Purchase | 194 | 54.6306 USD | ||||
| common stock | Purchase | 187 | 54.9189 USD | ||||
| common stock | Purchase | 185 | 54.5948 USD | ||||
| common stock | Purchase | 178 | 54.3228 USD | ||||
| common stock | Purchase | 138 | 55.2146 USD | ||||
| common stock | Purchase | 119 | 54.2065 USD | ||||
| common stock | Purchase | 100 | 54.7345 USD | ||||
| common stock | Purchase | 95 | 54.3924 USD | ||||
| common stock | Purchase | 88 | 54.0100 USD | ||||
| common stock | Purchase | 83 | 54.2860 USD | ||||
| common stock | Purchase | 66 | 54.5396 USD | ||||
| common stock | Purchase | 60 | 54.7308 USD | ||||
| common stock | Purchase | 53 | 54.7683 USD | ||||
| common stock | Purchase | 45 | 54.7644 USD | ||||
| common stock | Purchase | 37 | 54.3759 USD | ||||
| common stock | Purchase | 30 | 54.8866 USD | ||||
| common stock | Purchase | 30 | 54.0526 USD | ||||
| common stock | Purchase | 15 | 54.1333 USD | ||||
| common stock | Purchase | 15 | 54.8680 USD | ||||
| common stock | Purchase | 14 | 54.2300 USD | ||||
| common stock | Purchase | 5 | 55.3400 USD | ||||
| common stock | Sale | 598,093 | 53.6400 USD | ||||
| common stock | Sale | 224,073 | 53.6436 USD | ||||
| common stock | Sale | 99,673 | 53.8997 USD | ||||
| common stock | Sale | 21,476 | 53.8882 USD | ||||
| common stock | Sale | 15,997 | 53.6546 USD | ||||
| common stock | Sale | 11,454 | 54.1241 USD | ||||
| common stock | Sale | 9,429 | 53.7261 USD | ||||
| common stock | Sale | 8,263 | 55.1745 USD | ||||
| common stock | Sale | 8,173 | 54.5163 USD | ||||
| common stock | Sale | 5,825 | 54.3132 USD | ||||
| common stock | Sale | 5,354 | 53.6586 USD | ||||
| common stock | Sale | 3,437 | 53.6398 USD | ||||
| common stock | Sale | 2,804 | 53.9416 USD | ||||
| common stock | Sale | 2,691 | 53.6544 USD | ||||
| common stock | Sale | 2,231 | 53.9689 USD | ||||
| common stock | Sale | 2,019 | 54.7937 USD | ||||
| common stock | Sale | 1,653 | 53.6410 USD | ||||
| common stock | Sale | 1,607 | 54.2608 USD | ||||
| common stock | Sale | 1,538 | 54.6302 USD | ||||
| common stock | Sale | 1,267 | 54.4017 USD | ||||
| common stock | Sale | 1,097 | 55.0500 USD | ||||
| common stock | Sale | 980 | 54.0891 USD | ||||
| common stock | Sale | 908 | 53.9989 USD | ||||
| common stock | Sale | 875 | 55.1895 USD | ||||
| common stock | Sale | 700 | 54.5928 USD | ||||
| common stock | Sale | 700 | 54.4240 USD | ||||
| common stock | Sale | 530 | 54.5345 USD | ||||
| common stock | Sale | 487 | 54.4625 USD | ||||
| common stock | Sale | 447 | 54.7559 USD | ||||
| common stock | Sale | 421 | 53.7942 USD | ||||
| common stock | Sale | 400 | 53.8500 USD | ||||
| common stock | Sale | 370 | 54.4947 USD | ||||
| common stock | Sale | 364 | 55.0000 USD | ||||
| common stock | Sale | 340 | 55.0514 USD | ||||
| common stock | Sale | 325 | 53.9568 USD | ||||
| common stock | Sale | 200 | 55.1650 USD | ||||
| common stock | Sale | 189 | 54.0000 USD | ||||
| common stock | Sale | 165 | 54.3369 USD | ||||
| common stock | Sale | 153 | 54.2366 USD | ||||
| common stock | Sale | 128 | 54.9831 USD | ||||
| common stock | Sale | 125 | 54.0452 USD | ||||
| common stock | Sale | 103 | 54.4649 USD | ||||
| common stock | Sale | 100 | 54.2050 USD | ||||
| common stock | Sale | 85 | 54.9753 USD | ||||
| common stock | Sale | 36 | 54.3795 USD | ||||
| common stock | Sale | 36 | 54.8391 USD | ||||
| common stock | Sale | 29 | 54.2324 USD | ||||
| common stock | Sale | 25 | 54.8500 USD | ||||
| common stock | Sale | 23 | 53.6663 USD | ||||
| common stock | Sale | 10 | 54.0150 USD | ||||
| common stock | Sale | 6 | 54.5400 USD | ||||
| common stock | Sale | 5 | 53.8300 USD | ||||
| common stock | Sale | 1 | 55.3650 USD | ||||
| | | | | | | | |
| (b) | Cash-settled derivative transactions | | |||||
| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description | | reference | unit | |||
| security | | | securities | | |||
| common stock | SWAP | Increasing Long | 219,670 | 53.6400 USD | |||
| | | | | | | | |
| (c) | Stock-settled derivative transactions (including options) | | |||||
| (i) | Writing, selling, purchasing or varying | | |||||
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price | | date | money |
| relevant | | selling, | securities | per unit | | | paid/ |
| security | | varying etc | to which | | | | received |
| | | | option | | | | per unit |
| | | | relates | | | | |
| | | | | | | | |
| | | | | | | | |
| (ii) | Exercising | | | | | | |
| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
| security | | | securities | unit | |||
| | | | | | |||
| | | | | | | | |
| (d) | Other dealings (including subscribing for new securities) | | |||||
| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security | | | applicable) | ||||
| | | | | ||||
| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements | | |||||
| Details of any indemnity or option arrangement, or any agreement or understanding, | | | |||||
| formal or informal, relating to relevant securities which may be an inducement to deal | | | |||||
| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party | | ||||||
| to the offer or any person acting in concert with a party to the offer: | | | | ||||
| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives | | |||||
| Details of any agreement, arrangement or understanding, formal or informal, between | | | |||||
| the person making the disclosure and any other person relating to: | | | |||||
| (i) the voting rights of any relevant securities under any option; or | | | | ||||
| (ii) the voting rights of future acquisition or disposal of any relevant securities to which | | | |||||
| any derivative is referenced: | | | | | | | |
| NONE | |||||||
| (c) | Attachments | | | | | | |
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 19 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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