| 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: | 24 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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| 824,879 | 0.24% | 1,006,801 | 0.29% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 536,240 | 0.15% | 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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| 1,361,119 | 0.39% | 1,020,461 | 0.29% |
| (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 | 23,982 | 54.9453 USD | ||||
| common stock | Purchase | 11,977 | 55.0998 USD | ||||
| common stock | Purchase | 11,803 | 55.1100 USD | ||||
| common stock | Purchase | 6,559 | 55.0435 USD | ||||
| common stock | Purchase | 3,911 | 54.8744 USD | ||||
| common stock | Purchase | 2,818 | 54.9172 USD | ||||
| common stock | Purchase | 2,366 | 55.1092 USD | ||||
| common stock | Purchase | 2,365 | 55.1093 USD | ||||
| common stock | Purchase | 1,567 | 54.7933 USD | ||||
| common stock | Purchase | 1,028 | 55.0498 USD | ||||
| common stock | Purchase | 900 | 54.7050 USD | ||||
| common stock | Purchase | 714 | 54.8535 USD | ||||
| common stock | Purchase | 334 | 54.8909 USD | ||||
| common stock | Purchase | 307 | 54.7200 USD | ||||
| common stock | Purchase | 300 | 54.8733 USD | ||||
| common stock | Purchase | 284 | 54.9768 USD | ||||
| common stock | Purchase | 276 | 54.7600 USD | ||||
| common stock | Purchase | 200 | 54.7400 USD | ||||
| common stock | Purchase | 188 | 54.8847 USD | ||||
| common stock | Purchase | 181 | 54.7655 USD | ||||
| common stock | Purchase | 100 | 55.1300 USD | ||||
| common stock | Purchase | 100 | 54.6800 USD | ||||
| common stock | Purchase | 40 | 54.9200 USD | ||||
| common stock | Purchase | 9 | 54.8977 USD | ||||
| common stock | Purchase | 1 | 54.8200 USD | ||||
| common stock | Sale | 12,579 | 55.1100 USD | ||||
| common stock | Sale | 11,120 | 55.1086 USD | ||||
| common stock | Sale | 9,571 | 55.1069 USD | ||||
| common stock | Sale | 8,336 | 54.9995 USD | ||||
| common stock | Sale | 6,545 | 54.8344 USD | ||||
| common stock | Sale | 6,313 | 54.9148 USD | ||||
| common stock | Sale | 5,361 | 54.9404 USD | ||||
| common stock | Sale | 2,366 | 55.1092 USD | ||||
| common stock | Sale | 2,008 | 54.8032 USD | ||||
| common stock | Sale | 1,659 | 54.8455 USD | ||||
| common stock | Sale | 1,256 | 54.9202 USD | ||||
| common stock | Sale | 1,157 | 54.7962 USD | ||||
| common stock | Sale | 744 | 55.1004 USD | ||||
| common stock | Sale | 656 | 54.9039 USD | ||||
| common stock | Sale | 474 | 54.8440 USD | ||||
| common stock | Sale | 434 | 54.8423 USD | ||||
| common stock | Sale | 415 | 54.8756 USD | ||||
| common stock | Sale | 414 | 55.0716 USD | ||||
| common stock | Sale | 405 | 54.8641 USD | ||||
| common stock | Sale | 400 | 54.8325 USD | ||||
| common stock | Sale | 384 | 54.7852 USD | ||||
| common stock | Sale | 334 | 54.8909 USD | ||||
| common stock | Sale | 334 | 54.9537 USD | ||||
| common stock | Sale | 235 | 55.0770 USD | ||||
| common stock | Sale | 200 | 54.6800 USD | ||||
| common stock | Sale | 200 | 55.0600 USD | ||||
| common stock | Sale | 165 | 55.0596 USD | ||||
| common stock | Sale | 113 | 55.0900 USD | ||||
| common stock | Sale | 56 | 54.7600 USD | ||||
| common stock | Sale | 54 | 54.9800 USD | ||||
| common stock | Sale | 47 | 55.0300 USD | ||||
| common stock | Sale | 44 | 54.9200 USD | ||||
| common stock | Sale | 40 | 54.7562 USD | ||||
| common stock | Sale | 12 | 54.9100 USD | ||||
| common stock | Sale | 10 | 54.8250 USD | ||||
| common stock | Sale | 10 | 54.9550 USD | ||||
| common stock | Sale | 9 | 55.0800 USD | ||||
| common stock | Sale | 7 | 54.7200 USD | ||||
| common stock | Sale | 5 | 54.6900 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 | 278 | 55.1125 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/ |
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| 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: | 27 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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