Form 8.3 - International Paper Company

LONDON, July 01, 2024--(BUSINESS WIRE)--

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:		Millennium International Management LP
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree		International Paper Company
(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: For an opening position disclosure, state the latest practicable date prior to the disclosure		28th June 2024
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"		Yes, Smith (DS) plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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 (US4601461035)
		Interests				Short positions
		Number		%		Number		%
(1) Relevant securities owned and/or controlled:		2,846,682		0.820%		2,511,851		0.723%
(2) Cash-settled derivatives:		29,143		0.008%		943,224		0.272%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		637,200		0.183%		22,000		0.006%
TOTAL:		3,513,025		1.011%		3,477,075		1.001%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee 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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit (USD)
US4601461035	Purchase	772	42.95
US4601461035	Purchase	1,313	43.15
US4601461035	Sale	160	43.15
US4601461035	Sale	256	43.04
US4601461035	Sale	93	43.16
US4601461035	Sale	532	43.19
US4601461035	Purchase	3,353	43.02
US4601461035	Purchase	24,925	42.99
US4601461035	Purchase	146	42.96
US4601461035	Purchase	1,020	42.98
US4601461035	Purchase	570	43.07
US4601461035	Sale	1	43.11
US4601461035	Sale	3,076	43.00
US4601461035	Purchase	80	42.94
US4601461035	Purchase	150	43.01
US4601461035	Purchase	180	43.13
US4601461035	Purchase	6,600	43.06
US4601461035	Purchase	160	42.89
US4601461035	Purchase	1	42.84
US4601461035	Purchase	17,177	43.15
US4601461035	Purchase	300	43.03
US4601461035	Purchase	100	42.95
US4601461035	Purchase	15,287	43.15
US4601461035	Purchase	100	43.16
US4601461035	Purchase	100	43.22
US4601461035	Purchase	403	42.99
US4601461035	Purchase	200	42.96
US4601461035	Purchase	100	42.98
US4601461035	Purchase	100	43.07
US4601461035	Purchase	56	43.11
US4601461035	Purchase	200	42.94
US4601461035	Purchase	301	43.06
US4601461035	Purchase	147	42.84
US4601461035	Purchase	100	43.21
US4601461035	Purchase	265	42.90
US4601461035	Purchase	1,122	42.86
US4601461035	Purchase	1,039	42.82
US4601461035	Purchase	200	42.80
US4601461035	Purchase	735	42.81
US4601461035	Purchase	3,697	42.83
US4601461035	Purchase	942	42.85
US4601461035	Purchase	100	42.68
US4601461035	Sale	28,683	43.15
US4601461035	Purchase	46,279	43.15
US4601461035	Purchase	100	43.03
US4601461035	Purchase	4	42.95
US4601461035	Purchase	4,435	43.15
US4601461035	Sale	65,780	43.15
US4601461035	Purchase	300	43.04
US4601461035	Purchase	3,138	43.02
US4601461035	Purchase	59	42.99
US4601461035	Purchase	71	42.96
US4601461035	Purchase	982	42.98
US4601461035	Purchase	400	43.07
US4601461035	Purchase	190	42.97
US4601461035	Purchase	471	43.00
US4601461035	Purchase	100	42.94
US4601461035	Purchase	366	43.12
US4601461035	Purchase	4	43.09
US4601461035	Purchase	250	43.13
US4601461035	Purchase	1,250	43.06
US4601461035	Purchase	200	42.84
US4601461035	Purchase	100	42.92
US4601461035	Purchase	400	43.10
US4601461035	Purchase	167	42.77
US4601461035	Purchase	760	42.82
US4601461035	Purchase	2	42.88
US4601461035	Purchase	2,502	42.80
US4601461035	Purchase	767	42.79
US4601461035	Purchase	544	42.81
US4601461035	Purchase	786	42.85
US4601461035	Purchase	100	43.14
US4601461035	Purchase	284	43.05
US4601461035	Purchase	385	42.87
US4601461035	Purchase	1,020	42.75
US4601461035	Purchase	80	42.71
US4601461035	Purchase	410	42.76
US4601461035	Purchase	100	42.74
US4601461035	Purchase	99	42.69
US4601461035	Purchase	2,283	42.78
US4601461035	Sale	3,608	43.15
US4601461035	Purchase	1,172	43.03
US4601461035	Purchase	117	42.95
US4601461035	Sale	3,285	42.95
US4601461035	Purchase	11,509	43.15
US4601461035	Sale	1,190	43.15
US4601461035	Purchase	90	43.25
US4601461035	Purchase	79	43.16
US4601461035	Purchase	1	43.22
US4601461035	Purchase	88	43.20
US4601461035	Purchase	8	43.19
US4601461035	Purchase	1,066	43.02
US4601461035	Purchase	1,477	42.99
US4601461035	Purchase	4	42.96
US4601461035	Sale	200	42.96
US4601461035	Purchase	10	42.98
US4601461035	Purchase	10	43.11
US4601461035	Purchase	1	42.97
US4601461035	Sale	300	42.97
US4601461035	Purchase	468	43.18
US4601461035	Purchase	1,128	43.00
US4601461035	Sale	2,298	42.94
US4601461035	Purchase	2	43.12
US4601461035	Purchase	1	43.09
US4601461035	Purchase	267	43.01
US4601461035	Purchase	133	43.13
US4601461035	Sale	3,228	42.89
US4601461035	Sale	1,608	42.84
US4601461035	Sale	189	42.90
US4601461035	Sale	77	42.92
US4601461035	Sale	360	42.91
US4601461035	Purchase	36	42.93
US4601461035	Sale	7,836	42.93
US4601461035	Sale	1,224	42.77
US4601461035	Purchase	91	43.08
US4601461035	Sale	2,257	42.86
US4601461035	Sale	901	42.82
US4601461035	Sale	4,328	42.88
US4601461035	Sale	1,430	42.80
US4601461035	Purchase	1	42.79
US4601461035	Sale	2,590	42.79
US4601461035	Sale	1,057	42.81
US4601461035	Purchase	1	42.83
US4601461035	Sale	332	42.83
US4601461035	Sale	4,483	42.85
US4601461035	Purchase	105	43.14
US4601461035	Purchase	11	43.05
US4601461035	Sale	1,467	42.87
US4601461035	Sale	138	43.03
US4601461035	Sale	226	42.95
US4601461035	Purchase	61,528	43.15
US4601461035	Sale	346	43.15
US4601461035	Sale	100	43.25
US4601461035	Sale	491	43.17
US4601461035	Sale	153	43.04
US4601461035	Sale	281	43.23
US4601461035	Sale	31	43.16
US4601461035	Sale	40	43.22
US4601461035	Sale	435	43.20
US4601461035	Sale	821	43.19
US4601461035	Sale	12,514	43.02
US4601461035	Sale	654	42.99
US4601461035	Sale	415	42.96
US4601461035	Sale	170	42.98
US4601461035	Sale	62	43.07
US4601461035	Sale	243	43.11
US4601461035	Sale	758	42.97
US4601461035	Sale	956	43.18
US4601461035	Sale	545	43.00
US4601461035	Sale	455	42.94
US4601461035	Sale	109	43.12
US4601461035	Sale	88	43.09
US4601461035	Sale	940	43.01
US4601461035	Sale	51	43.13
US4601461035	Sale	2,367	43.06
US4601461035	Sale	445	42.89
US4601461035	Sale	1,075	43.21
US4601461035	Sale	903	42.90
US4601461035	Sale	431	42.92
US4601461035	Sale	1,964	42.91
US4601461035	Sale	294	42.93
US4601461035	Sale	56	43.10
US4601461035	Sale	187	43.08
US4601461035	Sale	28	42.88
US4601461035	Sale	2,931	42.80
US4601461035	Sale	100	42.83
US4601461035	Sale	100	42.85
US4601461035	Sale	2,882	43.05
US4601461035	Sale	29	43.26
US4601461035	Sale	100	43.33
US4601461035	Sale	100	42.68
US4601461035	Purchase	4,862	43.03
US4601461035	Purchase	13,845	42.95
US4601461035	Purchase	23,718	43.15
US4601461035	Sale	419	43.15
US4601461035	Purchase	23	43.17
US4601461035	Purchase	1,476	43.04
US4601461035	Purchase	100	43.23
US4601461035	Purchase	319	43.16
US4601461035	Purchase	166	43.22
US4601461035	Purchase	3,753	43.02
US4601461035	Purchase	10,539	42.99
US4601461035	Purchase	8,176	42.96
US4601461035	Purchase	11,494	42.98
US4601461035	Purchase	14,216	43.07
US4601461035	Purchase	3,775	43.11
US4601461035	Purchase	541	42.97
US4601461035	Purchase	615	43.18
US4601461035	Purchase	5,029	43.00
US4601461035	Purchase	4	42.94
US4601461035	Purchase	1,517	43.12
US4601461035	Purchase	2,391	43.09
US4601461035	Purchase	5,451	43.01
US4601461035	Purchase	1,099	43.13
US4601461035	Purchase	1,607	43.06
US4601461035	Purchase	7,599	42.89
US4601461035	Purchase	100	42.84
US4601461035	Purchase	199	43.21
US4601461035	Purchase	295	43.24
US4601461035	Purchase	5,260	42.92
US4601461035	Purchase	5,068	42.91
US4601461035	Purchase	200	42.93
US4601461035	Purchase	330	43.10
US4601461035	Purchase	3,680	42.77
US4601461035	Purchase	1,838	43.08
US4601461035	Purchase	9,281	42.88
US4601461035	Purchase	115	42.81
US4601461035	Purchase	486	42.85
US4601461035	Purchase	136	43.14
US4601461035	Purchase	2,069	43.05
US4601461035	Sale	4,453	43.03
US4601461035	Purchase	153	42.95
US4601461035	Sale	618	42.95
US4601461035	Purchase	63,847	43.15
US4601461035	Sale	33,558	43.15
US4601461035	Purchase	104	43.17
US4601461035	Sale	15,397	43.17
US4601461035	Purchase	60	43.04
US4601461035	Sale	416	43.04
US4601461035	Purchase	61	43.16
US4601461035	Sale	1,301	43.16
US4601461035	Sale	91	43.22
US4601461035	Sale	100	43.20
US4601461035	Sale	128	43.19
US4601461035	Purchase	81	43.02
US4601461035	Sale	527	43.02
US4601461035	Purchase	269	42.99
US4601461035	Sale	341	42.99
US4601461035	Purchase	36	42.96
US4601461035	Sale	100	42.96
US4601461035	Purchase	18	42.98
US4601461035	Sale	622	42.98
US4601461035	Purchase	220	43.07
US4601461035	Sale	1,209	43.07
US4601461035	Sale	374	43.11
US4601461035	Sale	122	42.97
US4601461035	Purchase	92	43.18
US4601461035	Sale	425	43.18
US4601461035	Sale	1,400	43.00
US4601461035	Purchase	16	42.94
US4601461035	Sale	335	42.94
US4601461035	Purchase	7	43.12
US4601461035	Sale	150	43.12
US4601461035	Purchase	54	43.09
US4601461035	Sale	438	43.09
US4601461035	... Purchase	475	43.01
US4601461035	Sale	157	43.01
US4601461035	Sale	83	43.13
US4601461035	Purchase	17	43.06
US4601461035	Sale	680	43.06
US4601461035	Sale	764	42.89
US4601461035	Sale	400	42.84
US4601461035	Purchase	100	43.21
US4601461035	Purchase	1,265	42.90
US4601461035	Sale	634	42.90
US4601461035	Purchase	231	42.92
US4601461035	Sale	594	42.91
US4601461035	Sale	103	42.93
US4601461035	Purchase	36	43.10
US4601461035	Sale	608	43.10
US4601461035	Purchase	1,153	42.77
US4601461035	Sale	200	42.77
US4601461035	Purchase	1	43.08
US4601461035	Sale	715	43.08
US4601461035	Purchase	271	42.86
US4601461035	Purchase	2,200	42.82
US4601461035	Sale	175	42.82
US4601461035	Purchase	100	42.88
US4601461035	Sale	127	42.88
US4601461035	Sale	32	42.80
US4601461035	Sale	151	42.79
US4601461035	Sale	264	42.81
US4601461035	Purchase	15	42.83
US4601461035	Sale	953	42.83
US4601461035	Sale	318	42.85
US4601461035	Purchase	71	43.14
US4601461035	Sale	1,089	43.14
US4601461035	Sale	795	43.05
US4601461035	Purchase	637	42.87
US4601461035	Sale	170	42.87
US4601461035	Sale	324	42.75
US4601461035	Sale	135	42.74
US4601461035	Sale	14	42.67
US4601461035	Purchase	2,366	43.03
US4601461035	Sale	100	43.03
US4601461035	Purchase	12,072	42.95
US4601461035	Sale	1,124	42.95
US4601461035	Purchase	96,100	43.15
US4601461035	Sale	1,658	43.15
US4601461035	Sale	150	43.25
US4601461035	Purchase	400	43.17
US4601461035	Sale	1,537	43.17
US4601461035	Purchase	3,300	43.04
US4601461035	Sale	1,000	43.04
US4601461035	Purchase	3	43.23
US4601461035	Sale	1,249	43.23
US4601461035	Purchase	760	43.16
US4601461035	Sale	1,176	43.16
US4601461035	Purchase	897	43.22
US4601461035	Sale	662	43.22
US4601461035	Purchase	1,046	43.20
US4601461035	Sale	1,034	43.20
US4601461035	Purchase	134	43.19
US4601461035	Sale	2,315	43.19
US4601461035	Purchase	28,119	43.02
US4601461035	Sale	1,193	43.02
US4601461035	Purchase	1,796	42.99
US4601461035	Sale	2,409	42.99
US4601461035	Purchase	1,035	42.96
US4601461035	Sale	515	42.96
US4601461035	Purchase	11,718	42.98
US4601461035	Sale	2,956	42.98
US4601461035	Purchase	1,557	43.07
US4601461035	Sale	209	43.07
US4601461035	Purchase	1,402	43.11
US4601461035	Sale	2,293	43.11
US4601461035	Purchase	3,725	42.97
US4601461035	Sale	2,427	42.97
US4601461035	Sale	1,540	43.18
US4601461035	Purchase	3,215	43.00
US4601461035	Sale	3,311	43.00
US4601461035	Purchase	600	42.94
US4601461035	Sale	2,737	42.94
US4601461035	Purchase	815	43.12
US4601461035	Sale	1,261	43.12
US4601461035	Purchase	7,064	43.09
US4601461035	Sale	200	43.09
US4601461035	Purchase	9,109	43.01
US4601461035	Sale	4,134	43.01
US4601461035	Purchase	844	43.13
US4601461035	Sale	224	43.13
US4601461035	Purchase	8,633	43.06
US4601461035	Purchase	1,200	42.89
US4601461035	Sale	1,951	42.89
US4601461035	Purchase	251	42.84
US4601461035	Sale	715	42.84
US4601461035	Purchase	374	43.21
US4601461035	Sale	612	43.21
US4601461035	Purchase	100	43.24
US4601461035	Sale	488	43.24
US4601461035	Purchase	13,400	42.90
US4601461035	Sale	2,955	42.90
US4601461035	Purchase	900	42.92
US4601461035	Sale	4,171	42.92
US4601461035	Purchase	100	42.91
US4601461035	Sale	5,538	42.91
US4601461035	Purchase	600	42.93
US4601461035	Sale	8,011	42.93
US4601461035	Sale	615	43.28
US4601461035	Purchase	104	43.10
US4601461035	Purchase	5,714	42.77
US4601461035	Sale	402	42.77
US4601461035	Purchase	7,987	43.08
US4601461035	Sale	2,415	43.08
US4601461035	Purchase	255	42.86
US4601461035	Sale	109	42.86
US4601461035	Sale	12,967	42.82
US4601461035	Purchase	7,377	42.88
US4601461035	Sale	1,823	42.88
US4601461035	Sale	2,329	42.80
US4601461035	Sale	1,932	42.79
US4601461035	Purchase	100	42.81
US4601461035	Sale	5,563	42.81
US4601461035	Purchase	100	42.83
US4601461035	Sale	5,021	42.83
US4601461035	Purchase	331	42.85
US4601461035	Sale	946	42.73
US4601461035	Purchase	272	43.14
US4601461035	Purchase	13,248	43.05
US4601461035	Sale	500	43.05
US4601461035	Sale	300	42.87
US4601461035	Sale	766	42.75
US4601461035	Sale	51	43.26
US4601461035	Sale	437	42.71
US4601461035	Sale	100	42.70
US4601461035	Sale	100	42.76
US4601461035	Sale	246	42.72
US4601461035	Sale	16	42.74
US4601461035	Sale	287	42.78
US4601461035	Purchase	5,094	43.05
US4601461035	Purchase	400	43.03
US4601461035	Purchase	1,200	42.95
US4601461035	Purchase	5,150	43.15
US4601461035	Sale	31,310	43.15
US4601461035	Purchase	1	43.25
US4601461035	Purchase	431	43.17
US4601461035	Purchase	1,300	43.04
US4601461035	Purchase	51	43.23
US4601461035	Purchase	538	43.16
US4601461035	Purchase	100	43.22
US4601461035	Purchase	625	43.20
US4601461035	Purchase	13	43.19
US4601461035	Purchase	949	42.99
US4601461035	Purchase	235	42.96
US4601461035	Purchase	800	42.98
US4601461035	Purchase	367	43.07
US4601461035	Purchase	113	43.11
US4601461035	Purchase	28	42.97
US4601461035	Purchase	200	43.18
US4601461035	Purchase	800	43.00
US4601461035	Purchase	92	43.09
US4601461035	Purchase	1,200	43.01
US4601461035	Purchase	834	43.06
US4601461035	Purchase	400	42.89
US4601461035	Purchase	1,067	42.84
US4601461035	Purchase	74	43.21
US4601461035	Purchase	393	42.90
US4601461035	Purchase	1,201	42.92
US4601461035	Purchase	950	42.91
US4601461035	Purchase	913	42.93
US4601461035	Purchase	225	43.10
US4601461035	Purchase	5,848	42.77
US4601461035	Purchase	328	43.08
US4601461035	Purchase	4,278	42.86
US4601461035	Purchase	1,709	42.82
US4601461035	Purchase	710	42.88
US4601461035	Purchase	38	42.80
US4601461035	Purchase	116	42.79
US4601461035	Purchase	612	42.81
US4601461035	Purchase	1,302	42.83
US4601461035	Purchase	5,038	42.85
US4601461035	Purchase	272	43.14
US4601461035	Purchase	891	43.05
US4601461035	Purchase	56	42.87
US4601461035	Purchase	56	42.75
US4601461035	Purchase	100	42.71
US4601461035	Purchase	156	43.03
US4601461035	Purchase	334	43.15
US4601461035	Sale	12	43.15
US4601461035	Purchase	264	43.04
US4601461035	Purchase	398	43.23
US4601461035	Purchase	37	43.19
US4601461035	Purchase	100	42.99
US4601461035	Purchase	313	43.07
US4601461035	Purchase	1,365	43.09
US4601461035	Purchase	800	43.01
US4601461035	Purchase	245	43.21
US4601461035	Purchase	169	43.24
US4601461035	Purchase	20	42.91
US4601461035	Purchase	1,329	43.10
US4601461035	Purchase	1,652	43.08
US4601461035	Purchase	36	42.81
US4601461035	Purchase	48	42.83
US4601461035	Purchase	1,236	43.15
US4601461035	Sale	1,236	43.15
US4601461035	Purchase	51,693	43.15
US4601461035	Sale	1	43.15

(b) Cash-settled derivative transactions

Class of relevant security		Product description e.g. CFD		Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position		Number of reference securities		Price per unit
US4601461035		Equity Swap		Increasing a short position		131,768		33.67 GBP
US4601461035		Equity Swap		Increasing a short position		9,636		33.63 GBP
US4601461035		Equity Swap		Increasing a short position		125,130		33.28 GBP
US4601461035		Equity Swap		Increasing a short position		56,569		34.00 GBP
US4601461035		Equity Swap		Increasing a short position		415,195		33.39 GBP
US4601461035		Equity Swap		Increasing a short position		79		42.92 USD
US4601461035		Equity Swap		Increasing a long position		283		43.09 USD
US4601461035		Equity Swap		Increasing a long position		12,272		42.97 USD
US4601461035		Equity Swap		Increasing a long position		5,029		42.94 USD

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit (USD)	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit (USD)

(d) Other dealings (including subscribing for new securities)

Class of relevant security		Nature of dealing e.g. subscription, conversion		Details		Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:		1st June 2024
Contact name:		Stephen Glasper
Telephone number:		+44 203 398 2166

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Full name of person making disclosure:	Millennium International Management LP
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	International Paper Company

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit (USD)	Type e.g. American, European etc.	Expiry date
US4601461035	Call Option	Purchased	100	35.00	American	17/01/2025
US4601461035	Call Option	Purchased	300	40.00	American	17/01/2025
US4601461035	Put Option	Purchased	800	32.50	American	17/01/2025
US4601461035	Put Option	Purchased	1,200	35.00	American	19/07/2024
US4601461035	Call Option	Purchased	27,000	37.50	American	19/07/2024
US4601461035	Call Option	Purchased	160,000	42.50	American	20/09/2024
US4601461035	Call Option	Purchased	12,200	45.00	American	17/01/2025
US4601461035	Call Option	Purchased	200,400	45.00	American	18/10/2024
US4601461035	Call Option	Purchased	17,200	45.00	American	20/09/2024
US4601461035	Call Option	Purchased	10,000	50.00	American	20/09/2024
US4601461035	Call Option	Purchased	10,000	47.50	American	20/09/2024
US4601461035	Put Option	Written	200,000	37.50	American	18/10/2024
US4601461035	Put Option	Purchased	20,000	41.00	American	05/07/2024

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240701848807/en/

Contacts

Millennium Partners, L.P.