| 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: | 13 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: | | | 32,462,123 | 2.35% | 17,824,861 | 1.29% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 12,942,130 | 0.94% | 30,878,864 | 2.24% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 45,404,253 | 3.29% | 48,703,725 | 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 | 111,507 | 5.5950 GBP | ||||
| 10p ordinary | Purchase | 109,069 | 5.6102 GBP | ||||
| 10p ordinary | Purchase | 101,787 | 5.6150 GBP | ||||
| 10p ordinary | Purchase | 99,121 | 5.5450 GBP | ||||
| 10p ordinary | Purchase | 93,027 | 5.5968 GBP | ||||
| 10p ordinary | Purchase | 83,630 | 5.5400 GBP | ||||
| 10p ordinary | Purchase | 55,000 | 5.5415 GBP | ||||
| 10p ordinary | Purchase | 50,635 | 5.6129 GBP | ||||
| 10p ordinary | Purchase | 38,642 | 5.6155 GBP | ||||
| 10p ordinary | Purchase | 31,390 | 5.5622 GBP | ||||
| 10p ordinary | Purchase | 29,074 | 5.5781 GBP | ||||
| 10p ordinary | Purchase | 14,938 | 5.5835 GBP | ||||
| 10p ordinary | Purchase | 13,355 | 5.6009 GBP | ||||
| 10p ordinary | Purchase | 13,251 | 5.5680 GBP | ||||
| 10p ordinary | Purchase | 12,249 | 5.5621 GBP | ||||
| 10p ordinary | Purchase | 8,470 | 5.5475 GBP | ||||
| 10p ordinary | Purchase | 8,448 | 5.5721 GBP | ||||
| 10p ordinary | Purchase | 8,362 | 5.5586 GBP | ||||
| 10p ordinary | Purchase | 7,032 | 5.6076 GBP | ||||
| 10p ordinary | Purchase | 6,668 | 5.5461 GBP | ||||
| 10p ordinary | Purchase | 6,596 | 5.6123 GBP | ||||
| 10p ordinary | Purchase | 5,407 | 5.5729 GBP | ||||
| 10p ordinary | Purchase | 5,255 | 5.5546 GBP | ||||
| 10p ordinary | Purchase | 4,966 | 5.5937 GBP | ||||
| 10p ordinary | Purchase | 4,863 | 5.5888 GBP | ||||
| 10p ordinary | Purchase | 4,761 | 5.6094 GBP | ||||
| 10p ordinary | Purchase | 4,376 | 5.5700 GBP | ||||
| 10p ordinary | Purchase | 3,878 | 5.5708 GBP | ||||
| 10p ordinary | Purchase | 3,871 | 5.5699 GBP | ||||
| 10p ordinary | Purchase | 3,767 | 5.5517 GBP | ||||
| 10p ordinary | Purchase | 3,721 | 5.5923 GBP | ||||
| 10p ordinary | Purchase | 3,653 | 5.5748 GBP | ||||
| 10p ordinary | Purchase | 3,628 | 5.5514 GBP | ||||
| 10p ordinary | Purchase | 3,450 | 5.5673 GBP | ||||
| 10p ordinary | Purchase | 3,243 | 5.6179 GBP | ||||
| 10p ordinary | Purchase | 2,676 | 5.5736 GBP | ||||
| 10p ordinary | Purchase | 2,380 | 5.6138 GBP | ||||
| 10p ordinary | Purchase | 2,172 | 5.5737 GBP | ||||
| 10p ordinary | Purchase | 1,870 | 5.5834 GBP | ||||
| 10p ordinary | Purchase | 1,485 | 5.6116 GBP | ||||
| 10p ordinary | Purchase | 1,245 | 5.5598 GBP | ||||
| 10p ordinary | Purchase | 1,201 | 5.6000 GBP | ||||
| 10p ordinary | Purchase | 1,186 | 5.6050 GBP | ||||
| 10p ordinary | Purchase | 1,116 | 5.6300 GBP | ||||
| 10p ordinary | Purchase | 1,096 | 5.6200 GBP | ||||
| 10p ordinary | Purchase | 910 | 5.6100 GBP | ||||
| 10p ordinary | Purchase | 875 | 5.6250 GBP | ||||
| 10p ordinary | Purchase | 793 | 5.6175 GBP | ||||
| 10p ordinary | Purchase | 708 | 5.6125 GBP | ||||
| 10p ordinary | Purchase | 502 | 5.5750 GBP | ||||
| 10p ordinary | Purchase | 340 | 5.5776 GBP | ||||
| 10p ordinary | Sale | 352,293 | 5.6150 GBP | ||||
| 10p ordinary | Sale | 251,318 | 5.6014 GBP | ||||
| 10p ordinary | Sale | 144,823 | 5.5665 GBP | ||||
| 10p ordinary | Sale | 63,262 | 5.6137 GBP | ||||
| 10p ordinary | Sale | 55,754 | 5.5626 GBP | ||||
| 10p ordinary | Sale | 54,029 | 5.5660 GBP | ||||
| 10p ordinary | Sale | 38,642 | 5.6155 GBP | ||||
| 10p ordinary | Sale | 31,087 | 5.5609 GBP | ||||
| 10p ordinary | Sale | 22,192 | 5.6101 GBP | ||||
| 10p ordinary | Sale | 19,634 | 5.6138 GBP | ||||
| 10p ordinary | Sale | 14,995 | 5.5791 GBP | ||||
| 10p ordinary | Sale | 12,249 | 5.5621 GBP | ||||
| 10p ordinary | Sale | 12,215 | 5.6081 GBP | ||||
| 10p ordinary | Sale | 11,960 | 5.6123 GBP | ||||
| 10p ordinary | Sale | 10,864 | 5.5688 GBP | ||||
| 10p ordinary | Sale | 9,617 | 5.5700 GBP | ||||
| 10p ordinary | Sale | 7,392 | 5.5990 GBP | ||||
| 10p ordinary | Sale | 7,032 | 5.6076 GBP | ||||
| 10p ordinary | Sale | 6,766 | 5.6033 GBP | ||||
| 10p ordinary | Sale | 5,255 | 5.5546 GBP | ||||
| 10p ordinary | Sale | 5,181 | 5.6143 GBP | ||||
| 10p ordinary | Sale | 4,196 | 5.6090 GBP | ||||
| 10p ordinary | Sale | 4,053 | 5.6106 GBP | ||||
| 10p ordinary | Sale | 3,923 | 5.5492 GBP | ||||
| 10p ordinary | Sale | 3,859 | 5.5507 GBP | ||||
| 10p ordinary | Sale | 3,767 | 5.5517 GBP | ||||
| 10p ordinary | Sale | 3,578 | 5.5797 GBP | ||||
| 10p ordinary | Sale | 3,137 | 5.5400 GBP | ||||
| 10p ordinary | Sale | 3,032 | 5.6125 GBP | ||||
| 10p ordinary | Sale | 3,000 | 5.5663 GBP | ||||
| 10p ordinary | Sale | 2,904 | 5.5945 GBP | ||||
| 10p ordinary | Sale | 2,601 | 5.6050 GBP | ||||
| 10p ordinary | Sale | 1,578 | 5.6119 GBP | ||||
| 10p ordinary | Sale | 1,116 | 5.6300 GBP | ||||
| 10p ordinary | Sale | 1,009 | 5.5819 GBP | ||||
| 10p ordinary | Sale | 989 | 5.6067 GBP | ||||
| 10p ordinary | Sale | 910 | 5.6100 GBP | ||||
| 10p ordinary | Sale | 875 | 5.6250 GBP | ||||
| 10p ordinary | Sale | 802 | 5.6175 GBP | ||||
| 10p ordinary | Sale | 648 | 5.5285 GBP | ||||
| 10p ordinary | Sale | 579 | 5.6000 GBP | ||||
| 10p ordinary | Sale | 549 | 5.6200 GBP | ||||
| 10p ordinary | Sale | 502 | 5.5750 GBP | ||||
| 10p ordinary | Sale | 497 | 5.5300 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 | 80,475 | 5.5749 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,923 | 5.5492 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 31,087 | 5.5609 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 55,754 | 5.5626 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 144,823 | 5.5665 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,864 | 5.5688 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 16,723 | 5.5697 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 24,348 | 5.5746 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 14,995 | 5.5791 USD | |||
| 10p ordinary | SWAP | Decreasing Short | 3,578 | 5.5797 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,009 | 5.5819 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 63,923 | 5.5929 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,827 | 5.6138 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 232,581 | 5.6150 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 55,000 | 5.5415 USD | |||
| 10p ordinary | SWAP | Increasing Short | 3,628 | 5.5514 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,251 | 5.5680 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,653 | 5.5748 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,052 | 5.6150 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 512 | 5.6500 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 3,443 | 5.5396 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 6,656 | 5.5978 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 24,957 | 5.6101 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 523 | 5.6150 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 38,642 | 5.6155 GBP | |||
| 10p ordinary | CFD | Increasing Short | 50,000 | 5.5304 GBP | |||
| 10p ordinary | CFD | Increasing Short | 34,560 | 5.5640 GBP | |||
| 10p ordinary | CFD | Increasing Short | 10,807 | 5.6150 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,079 | 5.6163 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: | 14 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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