| 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: | 08 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: | | | 32,435,387 | 2.35% | 16,460,874 | 1.19% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 12,840,397 | 0.93% | 31,025,315 | 2.25% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 45,275,784 | 3.28% | 47,486,189 | 3.44% |
| (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 | 500,000 | 5.4727 GBP | ||||
| 10p ordinary | Purchase | 200,714 | 5.5215 GBP | ||||
| 10p ordinary | Purchase | 132,976 | 5.5174 GBP | ||||
| 10p ordinary | Purchase | 84,032 | 5.4892 GBP | ||||
| 10p ordinary | Purchase | 74,861 | 5.5400 GBP | ||||
| 10p ordinary | Purchase | 68,167 | 5.5160 GBP | ||||
| 10p ordinary | Purchase | 29,086 | 5.4914 GBP | ||||
| 10p ordinary | Purchase | 28,263 | 5.4777 GBP | ||||
| 10p ordinary | Purchase | 26,684 | 5.5020 GBP | ||||
| 10p ordinary | Purchase | 26,474 | 5.5089 GBP | ||||
| 10p ordinary | Purchase | 23,394 | 5.5365 GBP | ||||
| 10p ordinary | Purchase | 21,084 | 5.5366 GBP | ||||
| 10p ordinary | Purchase | 20,796 | 5.5047 GBP | ||||
| 10p ordinary | Purchase | 19,885 | 5.5036 GBP | ||||
| 10p ordinary | Purchase | 19,486 | 5.5227 GBP | ||||
| 10p ordinary | Purchase | 16,156 | 5.4741 GBP | ||||
| 10p ordinary | Purchase | 15,742 | 5.5002 GBP | ||||
| 10p ordinary | Purchase | 13,302 | 5.5076 GBP | ||||
| 10p ordinary | Purchase | 12,627 | 5.4852 GBP | ||||
| 10p ordinary | Purchase | 11,105 | 5.4842 GBP | ||||
| 10p ordinary | Purchase | 10,328 | 5.4795 GBP | ||||
| 10p ordinary | Purchase | 6,864 | 5.4846 GBP | ||||
| 10p ordinary | Purchase | 5,954 | 5.5135 GBP | ||||
| 10p ordinary | Purchase | 5,879 | 5.5230 GBP | ||||
| 10p ordinary | Purchase | 5,258 | 5.5267 GBP | ||||
| 10p ordinary | Purchase | 4,998 | 5.5261 GBP | ||||
| 10p ordinary | Purchase | 4,920 | 5.5241 GBP | ||||
| 10p ordinary | Purchase | 4,683 | 5.4979 GBP | ||||
| 10p ordinary | Purchase | 4,282 | 5.5074 GBP | ||||
| 10p ordinary | Purchase | 4,017 | 5.4673 GBP | ||||
| 10p ordinary | Purchase | 3,779 | 5.4570 GBP | ||||
| 10p ordinary | Purchase | 3,635 | 5.5200 GBP | ||||
| 10p ordinary | Purchase | 3,557 | 5.5350 GBP | ||||
| 10p ordinary | Purchase | 3,489 | 5.4863 GBP | ||||
| 10p ordinary | Purchase | 3,371 | 5.5450 GBP | ||||
| 10p ordinary | Purchase | 3,230 | 5.4600 GBP | ||||
| 10p ordinary | Purchase | 3,208 | 5.4841 GBP | ||||
| 10p ordinary | Purchase | 2,689 | 5.4750 GBP | ||||
| 10p ordinary | Purchase | 2,663 | 5.4736 GBP | ||||
| 10p ordinary | Purchase | 2,646 | 5.4650 GBP | ||||
| 10p ordinary | Purchase | 2,264 | 5.5150 GBP | ||||
| 10p ordinary | Purchase | 2,146 | 5.4811 GBP | ||||
| 10p ordinary | Purchase | 2,121 | 5.4967 GBP | ||||
| 10p ordinary | Purchase | 1,700 | 5.4800 GBP | ||||
| 10p ordinary | Purchase | 1,679 | 5.4700 GBP | ||||
| 10p ordinary | Purchase | 1,434 | 5.4706 GBP | ||||
| 10p ordinary | Purchase | 1,310 | 5.4679 GBP | ||||
| 10p ordinary | Purchase | 950 | 5.4975 GBP | ||||
| 10p ordinary | Purchase | 774 | 5.5300 GBP | ||||
| 10p ordinary | Purchase | 589 | 5.5013 GBP | ||||
| 10p ordinary | Purchase | 585 | 5.5375 GBP | ||||
| 10p ordinary | Purchase | 567 | 5.5050 GBP | ||||
| 10p ordinary | Purchase | 546 | 5.5325 GBP | ||||
| 10p ordinary | Purchase | 516 | 5.5000 GBP | ||||
| 10p ordinary | Purchase | 484 | 5.4651 GBP | ||||
| 10p ordinary | Purchase | 454 | 5.5100 GBP | ||||
| 10p ordinary | Purchase | 454 | 5.4550 GBP | ||||
| 10p ordinary | Purchase | 52 | 5.4500 GBP | ||||
| 10p ordinary | Sale | 395,210 | 5.5139 GBP | ||||
| 10p ordinary | Sale | 153,306 | 5.5245 GBP | ||||
| 10p ordinary | Sale | 133,812 | 5.4766 GBP | ||||
| 10p ordinary | Sale | 105,164 | 5.4955 GBP | ||||
| 10p ordinary | Sale | 82,150 | 5.5400 GBP | ||||
| 10p ordinary | Sale | 74,484 | 5.5312 GBP | ||||
| 10p ordinary | Sale | 67,087 | 5.5121 GBP | ||||
| 10p ordinary | Sale | 62,489 | 5.5004 GBP | ||||
| 10p ordinary | Sale | 41,553 | 5.4639 GBP | ||||
| 10p ordinary | Sale | 41,022 | 5.4940 GBP | ||||
| 10p ordinary | Sale | 39,412 | 5.5011 GBP | ||||
| 10p ordinary | Sale | 23,394 | 5.5366 GBP | ||||
| 10p ordinary | Sale | 12,854 | 5.4713 GBP | ||||
| 10p ordinary | Sale | 12,757 | 5.4641 GBP | ||||
| 10p ordinary | Sale | 12,201 | 5.5032 GBP | ||||
| 10p ordinary | Sale | 10,463 | 5.4874 GBP | ||||
| 10p ordinary | Sale | 9,210 | 5.4764 GBP | ||||
| 10p ordinary | Sale | 8,724 | 5.4877 GBP | ||||
| 10p ordinary | Sale | 7,696 | 5.4652 GBP | ||||
| 10p ordinary | Sale | 6,538 | 5.5007 GBP | ||||
| 10p ordinary | Sale | 5,751 | 5.5054 GBP | ||||
| 10p ordinary | Sale | 5,140 | 5.4979 GBP | ||||
| 10p ordinary | Sale | 5,068 | 5.5419 GBP | ||||
| 10p ordinary | Sale | 4,615 | 5.4873 GBP | ||||
| 10p ordinary | Sale | 4,498 | 5.5077 GBP | ||||
| 10p ordinary | Sale | 3,716 | 5.4722 GBP | ||||
| 10p ordinary | Sale | 3,635 | 5.5200 GBP | ||||
| 10p ordinary | Sale | 3,007 | 5.5143 GBP | ||||
| 10p ordinary | Sale | 2,962 | 5.5350 GBP | ||||
| 10p ordinary | Sale | 2,854 | 5.5150 GBP | ||||
| 10p ordinary | Sale | 2,689 | 5.4750 GBP | ||||
| 10p ordinary | Sale | 2,646 | 5.4650 GBP | ||||
| 10p ordinary | Sale | 2,574 | 5.5129 GBP | ||||
| 10p ordinary | Sale | 2,558 | 5.5052 GBP | ||||
| 10p ordinary | Sale | 2,292 | 5.5169 GBP | ||||
| 10p ordinary | Sale | 2,194 | 5.4700 GBP | ||||
| 10p ordinary | Sale | 2,010 | 5.4550 GBP | ||||
| 10p ordinary | Sale | 1,865 | 5.4986 GBP | ||||
| 10p ordinary | Sale | 1,719 | 5.4881 GBP | ||||
| 10p ordinary | Sale | 1,718 | 5.4600 GBP | ||||
| 10p ordinary | Sale | 1,700 | 5.4800 GBP | ||||
| 10p ordinary | Sale | 1,655 | 5.4966 GBP | ||||
| 10p ordinary | Sale | 1,389 | 5.4543 GBP | ||||
| 10p ordinary | Sale | 1,349 | 5.4785 GBP | ||||
| 10p ordinary | Sale | 1,202 | 5.5199 GBP | ||||
| 10p ordinary | Sale | 1,183 | 5.4825 GBP | ||||
| 10p ordinary | Sale | 1,005 | 5.5450 GBP | ||||
| 10p ordinary | Sale | 950 | 5.4975 GBP | ||||
| 10p ordinary | Sale | 915 | 5.4741 GBP | ||||
| 10p ordinary | Sale | 784 | 5.4900 GBP | ||||
| 10p ordinary | Sale | 774 | 5.5300 GBP | ||||
| 10p ordinary | Sale | 607 | 5.5399 GBP | ||||
| 10p ordinary | Sale | 567 | 5.5050 GBP | ||||
| 10p ordinary | Sale | 546 | 5.5325 GBP | ||||
| 10p ordinary | Sale | 516 | 5.5000 GBP | ||||
| 10p ordinary | Sale | 454 | 5.4551 GBP | ||||
| 10p ordinary | Sale | 242 | 5.3800 GBP | ||||
| 10p ordinary | Sale | 52 | 5.4500 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 | 91,441 | 5.5036 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,389 | 5.4543 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,757 | 5.4641 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,716 | 5.4722 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,210 | 5.4764 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 133,812 | 5.4766 USD | |||
| 10p ordinary | SWAP | Decreasing Short | 28,104 | 5.4806 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 784 | 5.4900 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 105,164 | 5.4956 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 15,777 | 5.5007 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 34,937 | 5.5014 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,751 | 5.5054 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,665 | 5.5103 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 64,013 | 5.5132 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,007 | 5.5142 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 55,703 | 5.5242 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 607 | 5.5399 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 47,347 | 5.5400 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,068 | 5.5419 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 70 | 5.3800 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1 | 5.4600 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,087 | 5.4604 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 484 | 5.4651 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,017 | 5.4673 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 500,000 | 5.4727 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,663 | 5.4736 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,282 | 5.5073 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 23,928 | 5.5400 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 18 | 5.4750 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,052 | 5.4853 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 9,955 | 5.5090 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 23,394 | 5.5365 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 153 | 5.5400 GBP | |||
| 10p ordinary | CFD | Increasing Short | 18 | 5.4750 GBP | |||
| 10p ordinary | CFD | Increasing Short | 153 | 5.5400 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: | 09 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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