| 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 | DS SMITH PLC | |||||
| | 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: | 06 Jan 2025 | |||||
| (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? | INTERNATIONAL PAPER COMPANY | | ||||
| 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: | 10p ordinary | ||||||
| | Interests | Short Positions | |||||
| | Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned | | | | | ||
| | and/or controlled: | | | 32,646,510 | 2.36% | 16,164,974 | 1.17% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 12,568,349 | 0.91% | 31,211,389 | 2.26% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 45,214,859 | 3.28% | 47,376,363 | 3.43% |
| (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 | | ||||
| 10p ordinary | Purchase | 346,499 | 5.4393 GBP | ||||
| 10p ordinary | Purchase | 145,384 | 5.4400 GBP | ||||
| 10p ordinary | Purchase | 100,435 | 5.4386 GBP | ||||
| 10p ordinary | Purchase | 68,028 | 5.4061 GBP | ||||
| 10p ordinary | Purchase | 28,783 | 5.4342 GBP | ||||
| 10p ordinary | Purchase | 25,987 | 5.4275 GBP | ||||
| 10p ordinary | Purchase | 12,770 | 5.4141 GBP | ||||
| 10p ordinary | Purchase | 11,864 | 5.4178 GBP | ||||
| 10p ordinary | Purchase | 9,922 | 5.4200 GBP | ||||
| 10p ordinary | Purchase | 7,734 | 5.4083 GBP | ||||
| 10p ordinary | Purchase | 7,686 | 5.4224 GBP | ||||
| 10p ordinary | Purchase | 7,159 | 5.4147 GBP | ||||
| 10p ordinary | Purchase | 6,825 | 5.4177 GBP | ||||
| 10p ordinary | Purchase | 6,524 | 5.4180 GBP | ||||
| 10p ordinary | Purchase | 6,254 | 5.4347 GBP | ||||
| 10p ordinary | Purchase | 5,799 | 5.4050 GBP | ||||
| 10p ordinary | Purchase | 5,006 | 5.4241 GBP | ||||
| 10p ordinary | Purchase | 4,121 | 5.4199 GBP | ||||
| 10p ordinary | Purchase | 3,873 | 5.4154 GBP | ||||
| 10p ordinary | Purchase | 3,637 | 5.4150 GBP | ||||
| 10p ordinary | Purchase | 3,527 | 5.4111 GBP | ||||
| 10p ordinary | Purchase | 2,854 | 5.4174 GBP | ||||
| 10p ordinary | Purchase | 1,862 | 5.4100 GBP | ||||
| 10p ordinary | Purchase | 1,356 | 5.3900 GBP | ||||
| 10p ordinary | Purchase | 1,331 | 5.4387 GBP | ||||
| 10p ordinary | Purchase | 1,282 | 5.4033 GBP | ||||
| 10p ordinary | Purchase | 1,225 | 5.4350 GBP | ||||
| 10p ordinary | Purchase | 1,225 | 5.4156 GBP | ||||
| 10p ordinary | Purchase | 839 | 5.4125 GBP | ||||
| 10p ordinary | Purchase | 746 | 5.4148 GBP | ||||
| 10p ordinary | Purchase | 625 | 5.4175 GBP | ||||
| 10p ordinary | Purchase | 563 | 5.4375 GBP | ||||
| 10p ordinary | Purchase | 458 | 5.4500 GBP | ||||
| 10p ordinary | Purchase | 2 | 5.4000 GBP | ||||
| 10p ordinary | Sale | 273,863 | 5.4382 GBP | ||||
| 10p ordinary | Sale | 207,177 | 5.4328 GBP | ||||
| 10p ordinary | Sale | 113,168 | 5.4373 GBP | ||||
| 10p ordinary | Sale | 100,435 | 5.4385 GBP | ||||
| 10p ordinary | Sale | 83,332 | 5.4309 GBP | ||||
| 10p ordinary | Sale | 60,042 | 5.4164 GBP | ||||
| 10p ordinary | Sale | 45,166 | 5.4139 GBP | ||||
| 10p ordinary | Sale | 42,941 | 5.4283 GBP | ||||
| 10p ordinary | Sale | 31,375 | 5.4070 GBP | ||||
| 10p ordinary | Sale | 20,881 | 5.4133 GBP | ||||
| 10p ordinary | Sale | 20,335 | 5.4286 GBP | ||||
| 10p ordinary | Sale | 17,580 | 5.4125 GBP | ||||
| 10p ordinary | Sale | 15,487 | 5.4076 GBP | ||||
| 10p ordinary | Sale | 13,311 | 5.4236 GBP | ||||
| 10p ordinary | Sale | 12,746 | 5.4115 GBP | ||||
| 10p ordinary | Sale | 7,810 | 5.4400 GBP | ||||
| 10p ordinary | Sale | 6,821 | 5.3928 GBP | ||||
| 10p ordinary | Sale | 5,715 | 5.4167 GBP | ||||
| 10p ordinary | Sale | 4,833 | 5.4193 GBP | ||||
| 10p ordinary | Sale | 4,321 | 5.4111 GBP | ||||
| 10p ordinary | Sale | 4,101 | 5.4100 GBP | ||||
| 10p ordinary | Sale | 3,589 | 5.4140 GBP | ||||
| 10p ordinary | Sale | 3,310 | 5.4016 GBP | ||||
| 10p ordinary | Sale | 2,842 | 5.4019 GBP | ||||
| 10p ordinary | Sale | 2,841 | 5.4086 GBP | ||||
| 10p ordinary | Sale | 2,640 | 5.4329 GBP | ||||
| 10p ordinary | Sale | 2,587 | 5.4244 GBP | ||||
| 10p ordinary | Sale | 2,550 | 5.4107 GBP | ||||
| 10p ordinary | Sale | 2,253 | 5.4150 GBP | ||||
| 10p ordinary | Sale | 1,807 | 5.4075 GBP | ||||
| 10p ordinary | Sale | 1,504 | 5.4177 GBP | ||||
| 10p ordinary | Sale | 1,356 | 5.3900 GBP | ||||
| 10p ordinary | Sale | 1,225 | 5.4350 GBP | ||||
| 10p ordinary | Sale | 625 | 5.4175 GBP | ||||
| 10p ordinary | Sale | 609 | 5.4200 GBP | ||||
| 10p ordinary | Sale | 458 | 5.4500 GBP | ||||
| 10p ordinary | Sale | 202 | 5.4380 GBP | ||||
| 10p ordinary | Sale | 2 | 5.4000 GBP | ||||
| | | | | | | | |
| (b) | Cash-settled derivative transactions | | |||||
| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description | | reference | unit | |||
| security | | | securities | | |||
| 10p ordinary | SWAP | Increasing Short | 44,219 | 5.4186 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,586 | 5.4100 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 8,635 | 5.4111 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,746 | 5.4115 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,707 | 5.4163 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 60,042 | 5.4164 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 625 | 5.4175 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,311 | 5.4235 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,631 | 5.4242 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,587 | 5.4244 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 94,461 | 5.4285 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 93,070 | 5.4287 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,640 | 5.4329 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 148,633 | 5.4376 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 32,255 | 5.4397 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 61,951 | 5.4400 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 364 | 5.4050 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 746 | 5.4148 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 24,492 | 5.4276 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 28,783 | 5.4342 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 112,925 | 5.4379 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,331 | 5.4387 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 963 | 5.4400 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 156 | 5.4500 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 55,000 | 5.4735 USD | |||
| 10p ordinary | CFD | Decreasing Short | 890 | 5.4096 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 66,670 | 5.4345 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 262 | 5.4400 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 458 | 5.4500 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,147 | 5.4550 GBP | |||
| 10p ordinary | CFD | Increasing Short | 100,435 | 5.4385 GBP | |||
| 10p ordinary | CFD | Increasing Short | 9,331 | 5.4400 GBP | |||
| 10p ordinary | CFD | Increasing Short | 2,147 | 5.4550 GBP | |||
| | | | | | | | |
| (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: | 07 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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