| 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: | 23 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? | 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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| 32,969,204 | 2.39% | 16,416,111 | 1.19% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,632,896 | 0.92% | 31,567,839 | 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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| 45,602,100 | 3.30% | 47,983,950 | 3.48% |
| (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 | 215,717 | 5.3800 GBP | ||||
| 10p ordinary | Purchase | 34,344 | 5.3714 GBP | ||||
| 10p ordinary | Purchase | 31,560 | 5.3555 GBP | ||||
| 10p ordinary | Purchase | 15,537 | 5.3649 GBP | ||||
| 10p ordinary | Purchase | 15,288 | 5.3778 GBP | ||||
| 10p ordinary | Purchase | 8,310 | 5.3754 GBP | ||||
| 10p ordinary | Purchase | 8,161 | 5.3710 GBP | ||||
| 10p ordinary | Purchase | 7,839 | 5.3695 GBP | ||||
| 10p ordinary | Purchase | 6,916 | 5.3702 GBP | ||||
| 10p ordinary | Purchase | 6,369 | 5.3776 GBP | ||||
| 10p ordinary | Purchase | 5,847 | 5.3725 GBP | ||||
| 10p ordinary | Purchase | 5,013 | 5.3752 GBP | ||||
| 10p ordinary | Purchase | 4,350 | 5.3788 GBP | ||||
| 10p ordinary | Purchase | 3,884 | 5.3706 GBP | ||||
| 10p ordinary | Purchase | 3,427 | 5.3811 GBP | ||||
| 10p ordinary | Purchase | 2,454 | 5.3821 GBP | ||||
| 10p ordinary | Purchase | 2,430 | 5.3797 GBP | ||||
| 10p ordinary | Purchase | 2,313 | 5.3737 GBP | ||||
| 10p ordinary | Purchase | 2,256 | 5.4000 GBP | ||||
| 10p ordinary | Purchase | 2,014 | 5.3682 GBP | ||||
| 10p ordinary | Purchase | 1,991 | 5.3600 GBP | ||||
| 10p ordinary | Purchase | 1,338 | 5.3900 GBP | ||||
| 10p ordinary | Purchase | 1,336 | 5.3750 GBP | ||||
| 10p ordinary | Purchase | 1,282 | 5.3850 GBP | ||||
| 10p ordinary | Purchase | 1,253 | 5.3675 GBP | ||||
| 10p ordinary | Purchase | 1,126 | 5.3672 GBP | ||||
| 10p ordinary | Purchase | 532 | 5.3825 GBP | ||||
| 10p ordinary | Purchase | 515 | 5.3775 GBP | ||||
| 10p ordinary | Purchase | 271 | 5.3550 GBP | ||||
| 10p ordinary | Sale | 210,401 | 5.3793 GBP | ||||
| 10p ordinary | Sale | 60,733 | 5.3800 GBP | ||||
| 10p ordinary | Sale | 40,805 | 5.3703 GBP | ||||
| 10p ordinary | Sale | 11,777 | 5.3849 GBP | ||||
| 10p ordinary | Sale | 11,726 | 5.3794 GBP | ||||
| 10p ordinary | Sale | 10,978 | 5.3799 GBP | ||||
| 10p ordinary | Sale | 10,045 | 5.3757 GBP | ||||
| 10p ordinary | Sale | 9,986 | 5.3780 GBP | ||||
| 10p ordinary | Sale | 4,368 | 5.3715 GBP | ||||
| 10p ordinary | Sale | 3,898 | 5.3743 GBP | ||||
| 10p ordinary | Sale | 3,356 | 5.3669 GBP | ||||
| 10p ordinary | Sale | 3,159 | 5.3565 GBP | ||||
| 10p ordinary | Sale | 2,595 | 5.3756 GBP | ||||
| 10p ordinary | Sale | 2,256 | 5.4000 GBP | ||||
| 10p ordinary | Sale | 1,633 | 5.3650 GBP | ||||
| 10p ordinary | Sale | 1,282 | 5.3850 GBP | ||||
| 10p ordinary | Sale | 1,148 | 5.3750 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 | Increasing Short | 32,273 | 5.3748 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,834 | 5.3397 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,159 | 5.3565 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 40,805 | 5.3703 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 48,855 | 5.3788 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 11,726 | 5.3794 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,598 | 5.3800 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 31,560 | 5.3555 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,537 | 5.3649 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,979 | 5.3684 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,839 | 5.3695 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,878 | 5.3747 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 25,867 | 5.3773 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,350 | 5.3788 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11,337 | 5.3800 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,368 | 5.3861 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 544 | 5.3900 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 65,163 | 5.3800 GBP | |||
| 10p ordinary | CFD | Increasing Short | 17,655 | 5.3648 GBP | |||
| 10p ordinary | CFD | Increasing Short | 18,688 | 5.3800 GBP | |||
| 10p ordinary | CFD | Increasing Short | 2,256 | 5.4000 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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| 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: | 24 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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