| 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: | 10 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: | | | 32,531,936 | 2.36% | 17,691,956 | 1.28% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 12,743,707 | 0.92% | 31,103,080 | 2.25% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 45,275,643 | 3.28% | 48,795,036 | 3.53% |
| (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 | 5.6483 GBP | ||||
| 10p ordinary | Purchase | 206,149 | 5.7000 GBP | ||||
| 10p ordinary | Purchase | 101,533 | 5.6904 GBP | ||||
| 10p ordinary | Purchase | 19,620 | 5.6694 GBP | ||||
| 10p ordinary | Purchase | 19,515 | 5.6580 GBP | ||||
| 10p ordinary | Purchase | 13,932 | 5.6712 GBP | ||||
| 10p ordinary | Purchase | 11,699 | 5.6851 GBP | ||||
| 10p ordinary | Purchase | 10,299 | 5.6487 GBP | ||||
| 10p ordinary | Purchase | 8,464 | 5.6626 GBP | ||||
| 10p ordinary | Purchase | 8,122 | 5.6459 GBP | ||||
| 10p ordinary | Purchase | 5,974 | 5.6710 GBP | ||||
| 10p ordinary | Purchase | 5,695 | 5.6833 GBP | ||||
| 10p ordinary | Purchase | 5,610 | 5.6676 GBP | ||||
| 10p ordinary | Purchase | 5,159 | 5.6446 GBP | ||||
| 10p ordinary | Purchase | 4,940 | 5.6500 GBP | ||||
| 10p ordinary | Purchase | 4,515 | 5.6568 GBP | ||||
| 10p ordinary | Purchase | 4,361 | 5.6444 GBP | ||||
| 10p ordinary | Purchase | 2,974 | 5.6506 GBP | ||||
| 10p ordinary | Purchase | 1,903 | 5.6826 GBP | ||||
| 10p ordinary | Purchase | 1,878 | 5.6479 GBP | ||||
| 10p ordinary | Purchase | 1,494 | 5.6950 GBP | ||||
| 10p ordinary | Purchase | 1,145 | 5.6400 GBP | ||||
| 10p ordinary | Purchase | 1,129 | 5.6657 GBP | ||||
| 10p ordinary | Purchase | 1,009 | 5.6403 GBP | ||||
| 10p ordinary | Purchase | 643 | 5.6390 GBP | ||||
| 10p ordinary | Purchase | 541 | 5.6424 GBP | ||||
| 10p ordinary | Purchase | 510 | 5.6648 GBP | ||||
| 10p ordinary | Purchase | 510 | 5.6650 GBP | ||||
| 10p ordinary | Purchase | 469 | 5.6786 GBP | ||||
| 10p ordinary | Purchase | 452 | 5.6600 GBP | ||||
| 10p ordinary | Purchase | 424 | 5.6850 GBP | ||||
| 10p ordinary | Purchase | 366 | 5.6450 GBP | ||||
| 10p ordinary | Purchase | 87 | 5.6700 GBP | ||||
| 10p ordinary | Purchase | 35 | 5.6550 GBP | ||||
| 10p ordinary | Sale | 125,179 | 5.6990 GBP | ||||
| 10p ordinary | Sale | 92,141 | 5.6711 GBP | ||||
| 10p ordinary | Sale | 84,317 | 5.7000 GBP | ||||
| 10p ordinary | Sale | 55,777 | 5.6981 GBP | ||||
| 10p ordinary | Sale | 50,000 | 5.6485 GBP | ||||
| 10p ordinary | Sale | 48,463 | 5.6731 GBP | ||||
| 10p ordinary | Sale | 44,060 | 5.6516 GBP | ||||
| 10p ordinary | Sale | 28,056 | 5.6669 GBP | ||||
| 10p ordinary | Sale | 12,034 | 5.6811 GBP | ||||
| 10p ordinary | Sale | 10,808 | 5.6369 GBP | ||||
| 10p ordinary | Sale | 10,187 | 5.6756 GBP | ||||
| 10p ordinary | Sale | 9,336 | 5.6821 GBP | ||||
| 10p ordinary | Sale | 5,406 | 5.6503 GBP | ||||
| 10p ordinary | Sale | 4,986 | 5.6677 GBP | ||||
| 10p ordinary | Sale | 2,903 | 5.6697 GBP | ||||
| 10p ordinary | Sale | 2,776 | 5.6632 GBP | ||||
| 10p ordinary | Sale | 2,499 | 5.6428 GBP | ||||
| 10p ordinary | Sale | 2,332 | 5.6640 GBP | ||||
| 10p ordinary | Sale | 1,673 | 5.6450 GBP | ||||
| 10p ordinary | Sale | 1,554 | 5.6542 GBP | ||||
| 10p ordinary | Sale | 1,510 | 5.6550 GBP | ||||
| 10p ordinary | Sale | 1,243 | 5.6600 GBP | ||||
| 10p ordinary | Sale | 701 | 5.6569 GBP | ||||
| 10p ordinary | Sale | 510 | 5.6792 GBP | ||||
| 10p ordinary | Sale | 510 | 5.6650 GBP | ||||
| 10p ordinary | Sale | 477 | 5.6749 GBP | ||||
| 10p ordinary | Sale | 424 | 5.6850 GBP | ||||
| 10p ordinary | Sale | 276 | 5.6750 GBP | ||||
| 10p ordinary | Sale | 270 | 5.6400 GBP | ||||
| 10p ordinary | Sale | 270 | 5.6407 GBP | ||||
| 10p ordinary | Sale | 87 | 5.6700 GBP | ||||
| 10p ordinary | Sale | 86 | 5.6500 GBP | ||||
| 10p ordinary | Sale | 48 | 5.6999 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 | 70,468 | 5.6735 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,808 | 5.6369 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,406 | 5.6503 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 44,060 | 5.6516 USD | |||
| 10p ordinary | SWAP | Decreasing Short | 28,056 | 5.6669 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 14,189 | 5.6693 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 92,141 | 5.6711 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 477 | 5.6749 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 16,002 | 5.6764 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,034 | 5.6811 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 30,946 | 5.6823 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 34,908 | 5.6862 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 48 | 5.6999 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 95,332 | 5.7000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,878 | 5.6479 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 500,000 | 5.6483 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 19,515 | 5.6580 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8 | 5.6600 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 469 | 5.6786 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,695 | 5.6832 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 23,608 | 5.6959 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 120,284 | 5.7000 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 3,181 | 5.6450 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 7,703 | 5.6857 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 261 | 5.7000 GBP | |||
| 10p ordinary | CFD | Increasing Short | 3,181 | 5.6450 GBP | |||
| 10p ordinary | CFD | Increasing Short | 190 | 5.6628 GBP | |||
| 10p ordinary | CFD | Increasing Short | 14,206 | 5.7000 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: | 13 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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