Form 8.3 - Smith (DS) plc

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:

30 Apr 2024

(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:

21,995,307

1.59%

7,890,671

0.57%

(2)

Cash-settled derivatives:

and/or controlled:

8,619,322

0.62%

21,519,339

1.56%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

30,614,629

2.22%

29,410,010

2.13%

(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

503,512

3.5113 GBP

10p ordinary

Purchase

372,271

3.5160 GBP

10p ordinary

Purchase

216,192

3.5065 GBP

10p ordinary

Purchase

200,748

3.5040 GBP

10p ordinary

Purchase

175,487

3.5197 GBP

10p ordinary

Purchase

125,112

3.5124 GBP

10p ordinary

Purchase

66,671

3.5182 GBP

10p ordinary

Purchase

62,998

3.5226 GBP

10p ordinary

Purchase

54,071

3.5166 GBP

10p ordinary

Purchase

46,594

3.5152 GBP

10p ordinary

Purchase

38,460

3.5154 GBP

10p ordinary

Purchase

32,700

3.5222 GBP

10p ordinary

Purchase

30,165

3.5162 GBP

10p ordinary

Purchase

29,348

3.5143 GBP

10p ordinary

Purchase

28,537

3.5145 GBP

10p ordinary

Purchase

25,148

3.5186 GBP

10p ordinary

Purchase

23,882

3.5179 GBP

10p ordinary

Purchase

22,385

3.5171 GBP

10p ordinary

Purchase

16,323

3.5170 GBP

10p ordinary

Purchase

15,751

3.5217 GBP

10p ordinary

Purchase

13,859

3.5106 GBP

10p ordinary

Purchase

11,679

3.5129 GBP

10p ordinary

Purchase

8,126

3.5138 GBP

10p ordinary

Purchase

7,191

3.5240 GBP

10p ordinary

Purchase

7,034

3.5121 GBP

10p ordinary

Purchase

6,378

3.5110 GBP

10p ordinary

Purchase

5,948

3.5181 GBP

10p ordinary

Purchase

5,447

3.5175 GBP

10p ordinary

Purchase

4,389

3.5126 GBP

10p ordinary

Purchase

4,380

3.5228 GBP

10p ordinary

Purchase

4,172

3.5193 GBP

10p ordinary

Purchase

4,106

3.5117 GBP

10p ordinary

Purchase

3,684

3.5140 GBP

10p ordinary

Purchase

3,366

3.5136 GBP

10p ordinary

Purchase

1,489

3.5289 GBP

10p ordinary

Purchase

1,200

3.5200 GBP

10p ordinary

Purchase

1,117

3.5131 GBP

10p ordinary

Purchase

791

3.5300 GBP

10p ordinary

Purchase

698

3.5280 GBP

10p ordinary

Purchase

476

3.5380 GBP

10p ordinary

Purchase

153

3.5030 GBP

10p ordinary

Sale

355,034

3.5211 GBP

10p ordinary

Sale

229,272

3.5132 GBP

10p ordinary

Sale

158,204

3.5040 GBP

10p ordinary

Sale

138,672

3.5165 GBP

10p ordinary

Sale

105,109

3.5159 GBP

10p ordinary

Sale

103,904

3.5041 GBP

10p ordinary

Sale

76,519

3.5128 GBP

10p ordinary

Sale

49,789

3.5045 GBP

10p ordinary

Sale

45,129

3.5075 GBP

10p ordinary

Sale

34,914

3.5082 GBP

10p ordinary

Sale

27,300

3.5124 GBP

10p ordinary

Sale

25,115

3.5230 GBP

10p ordinary

Sale

21,781

3.5179 GBP

10p ordinary

Sale

21,264

3.5180 GBP

10p ordinary

Sale

15,052

3.5168 GBP

10p ordinary

Sale

13,752

3.5289 GBP

10p ordinary

Sale

10,902

3.5268 GBP

10p ordinary

Sale

9,161

3.5196 GBP

10p ordinary

Sale

8,050

3.5184 GBP

10p ordinary

Sale

7,984

3.5153 GBP

10p ordinary

Sale

5,798

3.5176 GBP

10p ordinary

Sale

5,601

3.5140 GBP

10p ordinary

Sale

4,777

3.5192 GBP

10p ordinary

Sale

4,446

3.5150 GBP

10p ordinary

Sale

4,200

3.5158 GBP

10p ordinary

Sale

3,088

3.5187 GBP

10p ordinary

Sale

2,787

3.5143 GBP

10p ordinary

Sale

2,728

3.5221 GBP

10p ordinary

Sale

2,613

3.5185 GBP

10p ordinary

Sale

1,988

3.5047 GBP

10p ordinary

Sale

1,677

3.5280 GBP

10p ordinary

Sale

1,600

3.5080 GBP

10p ordinary

Sale

1,386

3.5130 GBP

10p ordinary

Sale

1,373

3.5142 GBP

10p ordinary

Sale

1,200

3.5170 GBP

10p ordinary

Sale

1,004

3.5120 GBP

10p ordinary

Sale

791

3.5300 GBP

10p ordinary

Sale

578

3.5144 GBP

10p ordinary

Sale

361

3.5190 GBP

10p ordinary

Sale

270

3.5380 GBP

10p ordinary

Sale

218

3.5200 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

Closing Long

15,751

3.5217 GBP

10p ordinary

SWAP

Closing Long

20,078

3.5145 GBP

10p ordinary

SWAP

Decreasing Long

3,784

3.5156 GBP

10p ordinary

SWAP

Decreasing Long

20,098

3.5184 GBP

10p ordinary

SWAP

Decreasing Long

25,148

3.5186 GBP

10p ordinary

CFD

Decreasing Short

325

3.5380 GBP

10p ordinary

CFD

Decreasing Short

422

3.5096 GBP

10p ordinary

SWAP

Decreasing Short

578

3.5144 GBP

10p ordinary

SWAP

Decreasing Short

807

3.5160 GBP

10p ordinary

CFD

Decreasing Short

1,718

3.5039 GBP

10p ordinary

SWAP

Decreasing Short

2,613

3.5185 GBP

10p ordinary

CFD

Decreasing Short

3,531

3.5135 GBP

10p ordinary

SWAP

Decreasing Short

15,649

3.5192 GBP

10p ordinary

SWAP

Decreasing Short

18,159

3.5174 GBP

10p ordinary

SWAP

Decreasing Short

25,115

3.5231 GBP

10p ordinary

CFD

Decreasing Short

50,000

3.5117 GBP

10p ordinary

SWAP

Decreasing Short

104,980

3.5171 GBP

10p ordinary

CFD

Decreasing Short

106,865

3.5173 GBP

10p ordinary

CFD

Decreasing Short

108,263

3.5040 GBP

10p ordinary

SWAP

Decreasing Short

355,034

3.5211 GBP

10p ordinary

SWAP

Increasing Long

5,798

3.5176 GBP

10p ordinary

CFD

Increasing Short

55

3.5380 GBP

10p ordinary

CFD

Increasing Short

144

3.5040 GBP

10p ordinary

CFD

Increasing Short

2,976

3.5043 GBP

10p ordinary

CFD

Increasing Short

3,885

3.5190 GBP

10p ordinary

SWAP

Increasing Short

4,172

3.5193 GBP

10p ordinary

SWAP

Increasing Short

4,380

3.5228 GBP

10p ordinary

SWAP

Increasing Short

5,477

3.5201 GBP

10p ordinary

SWAP

Increasing Short

5,948

3.5181 GBP

10p ordinary

SWAP

Increasing Short

31,405

3.5195 GBP

10p ordinary

CFD

Increasing Short

31,876

3.5039 GBP

10p ordinary

SWAP

Increasing Short

48,944

3.5040 GBP

10p ordinary

SWAP

Increasing Short

56,049

3.5157 GBP

10p ordinary

SWAP

Increasing Short

62,998

3.5226 GBP

10p ordinary

SWAP

Increasing Short

98,308

3.5040 GBP

10p ordinary

SWAP

Increasing Short

100,817

3.5059 GBP

10p ordinary

SWAP

Increasing Short

119,786

3.5178 GBP

10p ordinary

SWAP

Increasing Short

125,112

3.5124 GBP

10p ordinary

SWAP

Increasing Short

128,840

3.5160 GBP

10p ordinary

SWAP

Increasing Short

174,708

3.5197 GBP

10p ordinary

CFD

Increasing Short

186,047

3.5214 GBP

10p ordinary

SWAP

Increasing Short

243,431

3.5160 GBP

10p ordinary

SWAP

Opening Long

78,201

3.5125 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:

01 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213