| 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: | 30 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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| 777,740 | 0.22% | 1,001,625 | 0.29% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 535,908 | 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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| 1,313,648 | 0.38% | 1,015,285 | 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 | 54,988 | 53.6480 USD | ||||
| common stock | Purchase | 17,752 | 53.6570 USD | ||||
| common stock | Purchase | 16,314 | 53.6483 USD | ||||
| common stock | Purchase | 10,407 | 53.7168 USD | ||||
| common stock | Purchase | 5,131 | 53.6795 USD | ||||
| common stock | Purchase | 5,056 | 53.6106 USD | ||||
| common stock | Purchase | 5,000 | 53.6677 USD | ||||
| common stock | Purchase | 4,863 | 53.6188 USD | ||||
| common stock | Purchase | 4,590 | 53.6095 USD | ||||
| common stock | Purchase | 4,503 | 53.5970 USD | ||||
| common stock | Purchase | 4,004 | 53.6781 USD | ||||
| common stock | Purchase | 3,559 | 53.6500 USD | ||||
| common stock | Purchase | 3,045 | 53.6495 USD | ||||
| common stock | Purchase | 2,874 | 53.6618 USD | ||||
| common stock | Purchase | 2,238 | 53.5877 USD | ||||
| common stock | Purchase | 1,663 | 53.6497 USD | ||||
| common stock | Purchase | 1,603 | 53.7052 USD | ||||
| common stock | Purchase | 901 | 53.7088 USD | ||||
| common stock | Purchase | 896 | 53.5822 USD | ||||
| common stock | Purchase | 800 | 53.6625 USD | ||||
| common stock | Purchase | 575 | 53.6964 USD | ||||
| common stock | Purchase | 572 | 53.6340 USD | ||||
| common stock | Purchase | 564 | 53.6375 USD | ||||
| common stock | Purchase | 500 | 53.6880 USD | ||||
| common stock | Purchase | 349 | 53.6305 USD | ||||
| common stock | Purchase | 307 | 53.6133 USD | ||||
| common stock | Purchase | 204 | 53.7100 USD | ||||
| common stock | Purchase | 153 | 53.7406 USD | ||||
| common stock | Purchase | 100 | 53.8200 USD | ||||
| common stock | Purchase | 46 | 53.6400 USD | ||||
| common stock | Purchase | 40 | 53.7028 USD | ||||
| common stock | Purchase | 16 | 53.5812 USD | ||||
| common stock | Purchase | 13 | 53.7200 USD | ||||
| common stock | Purchase | 11 | 53.6900 USD | ||||
| common stock | Purchase | 11 | 53.7797 USD | ||||
| common stock | Purchase | 6 | 53.5600 USD | ||||
| common stock | Purchase | 5 | 53.7000 USD | ||||
| common stock | Purchase | 5 | 53.8000 USD | ||||
| common stock | Purchase | 1 | 53.6100 USD | ||||
| common stock | Sale | 84,366 | 53.6505 USD | ||||
| common stock | Sale | 30,116 | 53.6500 USD | ||||
| common stock | Sale | 16,314 | 53.6483 USD | ||||
| common stock | Sale | 7,978 | 53.6925 USD | ||||
| common stock | Sale | 5,373 | 53.7578 USD | ||||
| common stock | Sale | 4,898 | 53.6053 USD | ||||
| common stock | Sale | 4,329 | 53.6085 USD | ||||
| common stock | Sale | 3,297 | 53.6594 USD | ||||
| common stock | Sale | 3,021 | 53.6497 USD | ||||
| common stock | Sale | 1,269 | 53.5994 USD | ||||
| common stock | Sale | 1,032 | 53.6359 USD | ||||
| common stock | Sale | 1,008 | 53.6701 USD | ||||
| common stock | Sale | 601 | 53.5809 USD | ||||
| common stock | Sale | 546 | 53.6100 USD | ||||
| common stock | Sale | 518 | 53.5977 USD | ||||
| common stock | Sale | 500 | 53.6880 USD | ||||
| common stock | Sale | 448 | 53.5822 USD | ||||
| common stock | Sale | 400 | 53.5612 USD | ||||
| common stock | Sale | 376 | 53.6327 USD | ||||
| common stock | Sale | 364 | 53.5958 USD | ||||
| common stock | Sale | 273 | 53.6625 USD | ||||
| common stock | Sale | 248 | 53.5800 USD | ||||
| common stock | Sale | 231 | 53.6265 USD | ||||
| common stock | Sale | 214 | 53.5976 USD | ||||
| common stock | Sale | 200 | 53.5850 USD | ||||
| common stock | Sale | 200 | 53.5350 USD | ||||
| common stock | Sale | 159 | 53.6166 USD | ||||
| common stock | Sale | 153 | 53.7406 USD | ||||
| common stock | Sale | 148 | 53.6468 USD | ||||
| common stock | Sale | 141 | 53.7041 USD | ||||
| common stock | Sale | 113 | 53.6708 USD | ||||
| common stock | Sale | 111 | 53.5700 USD | ||||
| common stock | Sale | 108 | 53.6567 USD | ||||
| common stock | Sale | 100 | 53.5500 USD | ||||
| common stock | Sale | 100 | 53.6400 USD | ||||
| common stock | Sale | 80 | 53.6313 USD | ||||
| common stock | Sale | 74 | 53.6001 USD | ||||
| common stock | Sale | 53 | 53.6300 USD | ||||
| common stock | Sale | 40 | 53.7028 USD | ||||
| common stock | Sale | 22 | 53.6579 USD | ||||
| common stock | Sale | 20 | 53.7600 USD | ||||
| common stock | Sale | 12 | 53.7200 USD | ||||
| common stock | Sale | 9 | 53.6200 USD | ||||
| common stock | Sale | 1 | 54.0025 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 | 332 | 53.6525 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: | 31 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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