| 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 | INTERNATIONAL PAPER COMPANY | |||||
| | 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? | DS SMITH PLC | | ||||
| 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: | common stock | ||||||
| | Interests | Short Positions | |||||
| | Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned | | | | | ||
| | and/or controlled: | | | 621,686 | 0.18% | 764,629 | 0.22% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 524,308 | 0.15% | 13,660 | 0.00% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 1,145,994 | 0.33% | 778,289 | 0.22% |
| (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 | | ||||
| common stock | Purchase | 198,820 | 54.3344 USD | ||||
| common stock | Purchase | 102,989 | 54.1353 USD | ||||
| common stock | Purchase | 64,115 | 54.0900 USD | ||||
| common stock | Purchase | 28,179 | 54.4660 USD | ||||
| common stock | Purchase | 23,836 | 54.4698 USD | ||||
| common stock | Purchase | 10,632 | 54.4362 USD | ||||
| common stock | Purchase | 6,474 | 54.3203 USD | ||||
| common stock | Purchase | 5,186 | 54.4645 USD | ||||
| common stock | Purchase | 4,930 | 54.3530 USD | ||||
| common stock | Purchase | 3,861 | 54.0937 USD | ||||
| common stock | Purchase | 3,218 | 54.3206 USD | ||||
| common stock | Purchase | 2,952 | 54.2198 USD | ||||
| common stock | Purchase | 2,368 | 54.3277 USD | ||||
| common stock | Purchase | 1,764 | 54.3356 USD | ||||
| common stock | Purchase | 1,519 | 54.2543 USD | ||||
| common stock | Purchase | 1,504 | 54.3268 USD | ||||
| common stock | Purchase | 1,475 | 54.5520 USD | ||||
| common stock | Purchase | 1,350 | 54.1900 USD | ||||
| common stock | Purchase | 1,281 | 54.2982 USD | ||||
| common stock | Purchase | 943 | 54.7500 USD | ||||
| common stock | Purchase | 800 | 54.1875 USD | ||||
| common stock | Purchase | 697 | 54.4018 USD | ||||
| common stock | Purchase | 391 | 54.3633 USD | ||||
| common stock | Purchase | 300 | 54.1366 USD | ||||
| common stock | Purchase | 200 | 54.3250 USD | ||||
| common stock | Purchase | 200 | 54.4800 USD | ||||
| common stock | Purchase | 140 | 54.1000 USD | ||||
| common stock | Purchase | 105 | 54.4057 USD | ||||
| common stock | Purchase | 105 | 54.5095 USD | ||||
| common stock | Purchase | 100 | 54.5750 USD | ||||
| common stock | Purchase | 74 | 54.3300 USD | ||||
| common stock | Purchase | 57 | 54.2600 USD | ||||
| common stock | Purchase | 51 | 54.4668 USD | ||||
| common stock | Purchase | 26 | 54.2100 USD | ||||
| common stock | Sale | 110,749 | 54.2258 USD | ||||
| common stock | Sale | 79,844 | 54.2024 USD | ||||
| common stock | Sale | 70,920 | 54.0900 USD | ||||
| common stock | Sale | 48,665 | 54.4702 USD | ||||
| common stock | Sale | 37,899 | 54.0939 USD | ||||
| common stock | Sale | 25,175 | 54.5039 USD | ||||
| common stock | Sale | 16,170 | 54.4572 USD | ||||
| common stock | Sale | 15,394 | 54.2262 USD | ||||
| common stock | Sale | 15,330 | 54.5018 USD | ||||
| common stock | Sale | 15,249 | 54.5232 USD | ||||
| common stock | Sale | 12,809 | 54.4239 USD | ||||
| common stock | Sale | 7,756 | 54.1986 USD | ||||
| common stock | Sale | 5,038 | 54.5363 USD | ||||
| common stock | Sale | 2,621 | 54.2911 USD | ||||
| common stock | Sale | 2,371 | 54.6539 USD | ||||
| common stock | Sale | 1,878 | 54.2786 USD | ||||
| common stock | Sale | 1,630 | 54.2922 USD | ||||
| common stock | Sale | 1,611 | 54.4450 USD | ||||
| common stock | Sale | 1,500 | 54.4626 USD | ||||
| common stock | Sale | 713 | 54.1564 USD | ||||
| common stock | Sale | 697 | 54.4018 USD | ||||
| common stock | Sale | 645 | 54.3164 USD | ||||
| common stock | Sale | 640 | 54.4240 USD | ||||
| common stock | Sale | 450 | 54.6592 USD | ||||
| common stock | Sale | 391 | 54.3633 USD | ||||
| common stock | Sale | 385 | 54.3343 USD | ||||
| common stock | Sale | 323 | 54.1355 USD | ||||
| common stock | Sale | 200 | 54.4800 USD | ||||
| common stock | Sale | 200 | 54.6800 USD | ||||
| common stock | Sale | 199 | 54.4288 USD | ||||
| common stock | Sale | 170 | 54.2852 USD | ||||
| common stock | Sale | 141 | 54.3274 USD | ||||
| common stock | Sale | 128 | 54.2291 USD | ||||
| common stock | Sale | 113 | 54.4869 USD | ||||
| common stock | Sale | 100 | 54.7500 USD | ||||
| common stock | Sale | 96 | 54.1508 USD | ||||
| common stock | Sale | 74 | 54.3300 USD | ||||
| common stock | Sale | 40 | 54.5092 USD | ||||
| common stock | Sale | 15 | 54.3966 USD | ||||
| common stock | Sale | 15 | 54.4300 USD | ||||
| common stock | Sale | 10 | 54.5100 USD | ||||
| common stock | Sale | 10 | 54.4200 USD | ||||
| common stock | Sale | 1 | 54.3000 USD | ||||
| | | | | | | | |
| (b) | Cash-settled derivative transactions | | |||||
| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description | | reference | unit | |||
| security | | | securities | | |||
| common stock | SWAP | Increasing Long | 54 | 54.0890 USD | |||
| common stock | SWAP | Decreasing Long | 2,638 | 54.0925 USD | |||
| | | | | | | | |
| (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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