Form 8.3 - International Paper Company

LONDON, April 30, 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		29th April 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:		684,789		0.197%		680,230		0.196%
(2) Cash-settled derivatives:		758		0.000%		336,981		0.097%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		302,400		0.087%		279,500		0.080%
TOTAL:		987,947		0.284%		1,296,711		0.373%

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	200	35.15
US4601461035	Purchase	181,033	35.01
US4601461035	Purchase	2,339	35.32
US4601461035	Sale	53,661	35.32
US4601461035	Purchase	300	35.07
US4601461035	Purchase	100	35.37
US4601461035	Purchase	3,253	35.19
US4601461035	Purchase	3,021	35.04
US4601461035	Purchase	100	35.00
US4601461035	Purchase	17,877	35.30
US4601461035	Purchase	2,466	35.10
US4601461035	Purchase	311	35.09
US4601461035	Purchase	11,132	35.41
US4601461035	Purchase	4,356	35.39
US4601461035	Purchase	830	35.13
US4601461035	Purchase	700	35.17
US4601461035	Purchase	5,990	35.03
US4601461035	Purchase	1,050	35.02
US4601461035	Purchase	8,070	35.06
US4601461035	Purchase	300	35.31
US4601461035	Purchase	1,329	35.26
US4601461035	Purchase	2,693	35.12
US4601461035	Purchase	1,476	35.33
US4601461035	Purchase	1,649	35.23
US4601461035	Purchase	11,600	35.27
US4601461035	Purchase	2,836	35.35
US4601461035	Purchase	543	35.18
US4601461035	Purchase	2,100	35.24
US4601461035	Purchase	28,481	35.34
US4601461035	Purchase	200	35.29
US4601461035	Purchase	5,012	35.36
US4601461035	Purchase	451	35.43
US4601461035	Purchase	5,223	35.40
US4601461035	Purchase	4,509	35.42
US4601461035	Purchase	10,338	35.38
US4601461035	Purchase	333	35.44
US4601461035	Purchase	10,375	35.08
US4601461035	Purchase	100	35.46
US4601461035	Purchase	50	35.01
US4601461035	Purchase	42	34.99
US4601461035	Sale	19,700	35.32
US4601461035	Sale	12	35.11
US4601461035	Purchase	70	34.89
US4601461035	Purchase	14	34.68
US4601461035	Sale	5	35.28
US4601461035	Purchase	8	35.19
US4601461035	Purchase	157	35.30
US4601461035	Purchase	28	34.94
US4601461035	Purchase	12	34.80
US4601461035	Purchase	34	34.57
US4601461035	Purchase	23	35.10
US4601461035	Purchase	5	35.41
US4601461035	Purchase	12	35.17
US4601461035	Purchase	27	34.77
US4601461035	Purchase	31	35.26
US4601461035	Sale	4	35.26
US4601461035	Sale	2	35.33
US4601461035	Purchase	53	35.23
US4601461035	Sale	4	35.27
US4601461035	Purchase	29	35.24
US4601461035	Purchase	14	35.05
US4601461035	Purchase	14	35.29
US4601461035	Sale	10	35.20
US4601461035	Purchase	6	35.25
US4601461035	Sale	418	34.34
US4601461035	Purchase	40	34.58
US4601461035	Purchase	11	34.52
US4601461035	Purchase	4	35.45
US4601461035	Purchase	8	35.15
US4601461035	Sale	454	35.15
US4601461035	Sale	286	35.32
US4601461035	Purchase	23	35.11
US4601461035	Purchase	4	35.07
US4601461035	Purchase	32	34.86
US4601461035	Sale	1	34.73
US4601461035	Purchase	30	35.28
US4601461035	Purchase	11	35.19
US4601461035	Purchase	94	35.04
US4601461035	Purchase	240	35.30
US4601461035	Purchase	20	35.10
US4601461035	Purchase	31	35.09
US4601461035	Purchase	5	35.02
US4601461035	Purchase	8	35.06
US4601461035	Purchase	4	35.31
US4601461035	Purchase	35	34.96
US4601461035	Sale	3	34.69
US4601461035	Purchase	1	35.26
US4601461035	Purchase	19	35.12
US4601461035	Purchase	29	35.33
US4601461035	Purchase	2	35.35
US4601461035	Purchase	61	35.18
US4601461035	Purchase	32	35.34
US4601461035	Purchase	1	35.36
US4601461035	Purchase	10	35.08
US4601461035	Purchase	2	35.14
US4601461035	Purchase	427	35.15
US4601461035	Sale	20	35.15
US4601461035	Sale	207	34.72
US4601461035	Purchase	6,601	35.32
US4601461035	Sale	1,387	35.32
US4601461035	Sale	546	35.11
US4601461035	Sale	100	34.66
US4601461035	Purchase	167	34.85
US4601461035	Purchase	1,171	34.89
US4601461035	Purchase	8	34.76
US4601461035	Sale	17	34.68
US4601461035	Purchase	154	34.82
US4601461035	Purchase	211	35.16
US4601461035	Sale	1,175	35.16
US4601461035	Sale	337	35.37
US4601461035	Sale	428	34.59
US4601461035	Purchase	200	34.81
US4601461035	Purchase	98	35.28
US4601461035	Sale	200	35.28
US4601461035	Sale	47	35.19
US4601461035	Purchase	246	35.04
US4601461035	Sale	2	34.70
US4601461035	Purchase	1,264	35.22
US4601461035	Sale	911	34.60
US4601461035	Sale	169	35.30
US4601461035	Purchase	1,052	34.94
US4601461035	Purchase	200	34.80
US4601461035	Purchase	339	34.92
US4601461035	Purchase	500	34.79
US4601461035	Sale	580	34.62
US4601461035	Sale	20	35.10
US4601461035	Purchase	101	34.71
US4601461035	Sale	76	34.71
US4601461035	Purchase	100	35.41
US4601461035	Purchase	102	34.67
US4601461035	Purchase	30	35.39
US4601461035	Sale	366	35.17
US4601461035	Purchase	111	35.03
US4601461035	Purchase	43	35.02
US4601461035	Purchase	1,487	35.06
US4601461035	Sale	322	34.74
US4601461035	Purchase	600	34.77
US4601461035	Purchase	248	35.31
US4601461035	Sale	976	35.31
US4601461035	Sale	3	34.64
US4601461035	Purchase	10	34.87
US4601461035	Sale	400	34.56
US4601461035	Purchase	196	35.26
US4601461035	Sale	95	35.26
US4601461035	Sale	100	34.75
US4601461035	Purchase	503	35.12
US4601461035	Sale	44,200	35.12
US4601461035	Sale	9	35.33
US4601461035	Sale	438	35.23
US4601461035	Purchase	165	35.18
US4601461035	Sale	82	35.21
US4601461035	Purchase	544	35.05
US4601461035	Purchase	743	34.93
US4601461035	Purchase	387	34.83
US4601461035	Sale	200	35.34
US4601461035	Purchase	100	35.29
US4601461035	Purchase	129	35.20
US4601461035	Purchase	777	34.90
US4601461035	Purchase	179	35.40
US4601461035	Sale	793	34.34
US4601461035	Purchase	100	35.38
US4601461035	Sale	22	34.61
US4601461035	Sale	2,658	34.58
US4601461035	Purchase	71	35.44
US4601461035	Sale	439	34.51
US4601461035	Purchase	18	35.14
US4601461035	Sale	10	34.36
US4601461035	Sale	108	34.55
US4601461035	Purchase	379	35.15
US4601461035	Sale	301	35.15
US4601461035	Purchase	1,152	35.01
US4601461035	Sale	14	35.01
US4601461035	Purchase	1,014	34.99
US4601461035	Purchase	987	34.72
US4601461035	Sale	183	34.72
US4601461035	Purchase	14,104	35.32
US4601461035	Sale	126,862	35.32
US4601461035	Purchase	90	35.11
US4601461035	Sale	6,492	35.11
US4601461035	Purchase	876	34.78
US4601461035	Purchase	113	34.66
US4601461035	Purchase	1,409	34.85
US4601461035	Sale	226	34.85
US4601461035	Purchase	353	35.07
US4601461035	Purchase	311	34.86
US4601461035	Sale	786	34.86
US4601461035	Purchase	1,183	34.89
US4601461035	Sale	15	34.89
US4601461035	Purchase	89	34.91
US4601461035	Sale	125	34.91
US4601461035	Purchase	1,170	34.76
US4601461035	Sale	245	34.76
US4601461035	Purchase	1,289	34.68
US4601461035	Purchase	719	34.82
US4601461035	Sale	66	34.82
US4601461035	Purchase	56	34.73
US4601461035	Sale	421	34.73
US4601461035	Purchase	7	35.16
US4601461035	Sale	950	35.16
US4601461035	Purchase	109	35.37
US4601461035	Purchase	71	34.59
US4601461035	Purchase	1,623	34.81
US4601461035	Purchase	648	35.19
US4601461035	Sale	1,086	35.19
US4601461035	Purchase	1,726	35.04
US4601461035	Sale	7,530	35.04
US4601461035	Purchase	346	34.70
US4601461035	Purchase	66	35.22
US4601461035	Sale	217	35.22
US4601461035	Purchase	1,346	35.00
US4601461035	Purchase	408	35.30
US4601461035	Sale	1,340	35.30
US4601461035	Purchase	308	34.94
US4601461035	Sale	27	34.94
US4601461035	Sale	34	34.80
US4601461035	Purchase	29	34.57
US4601461035	Purchase	981	34.92
US4601461035	Sale	61	34.92
US4601461035	Purchase	3,671	34.79
US4601461035	Purchase	117	34.62
US4601461035	Purchase	262	35.10
US4601461035	Sale	70	35.10
US4601461035	Purchase	522	34.71
US4601461035	Sale	1	34.71
US4601461035	Purchase	90	35.09
US4601461035	Sale	17	35.09
US4601461035	Purchase	56	35.41
US4601461035	Sale	41	35.41
US4601461035	Purchase	242	34.67
US4601461035	Purchase	399	34.98
US4601461035	Purchase	100	35.39
US4601461035	Sale	387	35.39
US4601461035	Purchase	80	35.13
US4601461035	Sale	153	35.13
US4601461035	Purchase	159	35.17
US4601461035	Sale	150	35.17
US4601461035	Purchase	755	35.03
US4601461035	Purchase	276	35.02
US4601461035	Sale	49	35.02
US4601461035	Sale	67	35.06
US4601461035	Purchase	962	34.74
US4601461035	Sale	155	34.74
US4601461035	Purchase	1,465	34.77
US4601461035	Sale	20	34.77
US4601461035	... Sale	1,416	35.31
US4601461035	Purchase	1,736	34.96
US4601461035	Sale	23	34.96
US4601461035	Purchase	192	34.87
US4601461035	Purchase	384	34.69
US4601461035	Sale	141	34.69
US4601461035	Purchase	1,877	34.97
US4601461035	Sale	48	34.97
US4601461035	Purchase	700	35.26
US4601461035	Sale	2,520	35.26
US4601461035	Purchase	648	34.75
US4601461035	Sale	150	34.75
US4601461035	Sale	10	35.12
US4601461035	Sale	668	35.33
US4601461035	Purchase	720	35.23
US4601461035	Sale	115	35.23
US4601461035	Purchase	776	35.27
US4601461035	Sale	30	35.27
US4601461035	Purchase	253	34.84
US4601461035	Sale	34	34.84
US4601461035	Sale	100	35.35
US4601461035	Purchase	56	35.18
US4601461035	Sale	221	35.18
US4601461035	Purchase	122	35.21
US4601461035	Sale	45	35.21
US4601461035	Purchase	97	34.93
US4601461035	Sale	61	34.83
US4601461035	Purchase	92	35.34
US4601461035	Purchase	22	35.29
US4601461035	Sale	1,142	35.29
US4601461035	Purchase	356	34.95
US4601461035	Purchase	300	35.20
US4601461035	Sale	1	35.20
US4601461035	Purchase	43	34.90
US4601461035	Sale	15	34.90
US4601461035	Sale	1,154	35.36
US4601461035	Sale	200	35.43
US4601461035	Sale	318	34.47
US4601461035	Purchase	191	35.40
US4601461035	Sale	422	35.40
US4601461035	Sale	72	35.25
US4601461035	Purchase	37	35.42
US4601461035	Purchase	896	34.34
US4601461035	Sale	969	34.34
US4601461035	Purchase	258	35.38
US4601461035	Sale	1,170	35.38
US4601461035	Purchase	200	34.61
US4601461035	Sale	71	34.61
US4601461035	Sale	58	34.49
US4601461035	Sale	281	35.45
US4601461035	Sale	122	35.46
US4601461035	Purchase	75	35.14
US4601461035	Purchase	200	34.50
US4601461035	Purchase	100	34.20
US4601461035	Purchase	23,758	35.15
US4601461035	Purchase	39,487	35.01
US4601461035	Purchase	4,095	34.99
US4601461035	Purchase	19,791	34.72
US4601461035	Purchase	104,247	35.32
US4601461035	Purchase	4,591	35.11
US4601461035	Purchase	3,195	34.78
US4601461035	Purchase	7,566	34.66
US4601461035	Purchase	2,105	34.85
US4601461035	Purchase	15,228	35.07
US4601461035	Purchase	12,246	34.86
US4601461035	Purchase	5,186	34.89
US4601461035	Purchase	18,785	34.91
US4601461035	Purchase	6,659	34.11
US4601461035	Purchase	7,952	34.76
US4601461035	Purchase	5,890	34.68
US4601461035	Purchase	3,652	34.82
US4601461035	Purchase	32,169	34.73
US4601461035	Purchase	7,790	35.16
US4601461035	Purchase	4,993	35.37
US4601461035	Purchase	1,584	34.59
US4601461035	Purchase	2,931	34.81
US4601461035	Purchase	11,439	35.28
US4601461035	Purchase	3,025	35.19
US4601461035	Purchase	3,692	35.04
US4601461035	Purchase	9,534	34.70
US4601461035	Purchase	4,830	35.22
US4601461035	Purchase	326	34.60
US4601461035	Purchase	2,485	35.00
US4601461035	Purchase	14,929	35.30
US4601461035	Purchase	1,095	34.94
US4601461035	Purchase	8,266	34.80
US4601461035	Purchase	968	34.57
US4601461035	Purchase	11,692	34.92
US4601461035	Purchase	5,081	34.79
US4601461035	Purchase	1,287	34.62
US4601461035	Purchase	6,600	35.10
US4601461035	Purchase	9,041	34.71
US4601461035	Sale	1	34.71
US4601461035	Purchase	7,836	35.09
US4601461035	Purchase	1,890	35.41
US4601461035	Purchase	13,878	34.67
US4601461035	Purchase	3,482	34.98
US4601461035	Purchase	1,000	35.39
US4601461035	Purchase	19,596	35.13
US4601461035	Purchase	23,419	35.17
US4601461035	Purchase	1,705	35.03
US4601461035	Purchase	2,570	35.02
US4601461035	Purchase	6,754	35.06
US4601461035	Purchase	16,399	34.74
US4601461035	Purchase	24,212	34.77
US4601461035	Purchase	3,435	35.31
US4601461035	Purchase	1,726	34.88
US4601461035	Purchase	2,957	34.64
US4601461035	Purchase	2,286	34.96
US4601461035	Purchase	8,104	34.87
US4601461035	Purchase	19,726	34.69
US4601461035	Purchase	512	34.56
US4601461035	Purchase	1,767	34.97
US4601461035	Purchase	6,115	35.26
US4601461035	Purchase	64,068	34.75
US4601461035	Purchase	46,495	35.12
US4601461035	Purchase	9,961	35.33
US4601461035	Purchase	17,320	35.23
US4601461035	Purchase	8,175	35.27
US4601461035	Purchase	2,123	34.84
US4601461035	Purchase	6,780	35.35
US4601461035	Purchase	1,900	35.18
US4601461035	Purchase	511	34.12
US4601461035	Purchase	39,303	35.24
US4601461035	Purchase	3,408	35.21
US4601461035	Purchase	6,455	35.05
US4601461035	Purchase	20,767	34.93
US4601461035	Purchase	3,019	34.83
US4601461035	Purchase	8,000	35.34
US4601461035	Purchase	13,733	35.29
US4601461035	Purchase	14,658	34.95
US4601461035	Purchase	1,852	35.20
US4601461035	Purchase	4,908	34.90
US4601461035	Purchase	5,155	35.36
US4601461035	Purchase	408	35.43
US4601461035	Purchase	933	35.40
US4601461035	Purchase	13,567	35.25
US4601461035	Purchase	902	35.42
US4601461035	Purchase	1,337	35.38
US4601461035	Purchase	725	34.61
US4601461035	Purchase	6,242	34.08
US4601461035	Purchase	900	34.58
US4601461035	Purchase	25	34.49
US4601461035	Purchase	1,186	35.44
US4601461035	Purchase	753	34.52
US4601461035	Purchase	13,477	34.65
US4601461035	Purchase	1,125	35.45
US4601461035	Purchase	5,040	35.08
US4601461035	Purchase	100	34.48
US4601461035	Purchase	200	34.54
US4601461035	Purchase	367	34.51
US4601461035	Purchase	658	34.53
US4601461035	Purchase	2,545	34.05
US4601461035	Purchase	100	35.46
US4601461035	Purchase	900	35.14
US4601461035	Purchase	1,548	34.50
US4601461035	Purchase	23,119	34.16
US4601461035	Purchase	1,917	34.14
US4601461035	Purchase	26,309	34.13
US4601461035	Purchase	2,400	34.42
US4601461035	Purchase	794	34.02
US4601461035	Purchase	200	35.47
US4601461035	Purchase	100	34.40
US4601461035	Purchase	33	34.55
US4601461035	Purchase	2,038	34.10
US4601461035	Purchase	4,750	34.09
US4601461035	Purchase	446	34.72
US4601461035	Purchase	100	34.59
US4601461035	Purchase	299	34.70
US4601461035	Purchase	55	34.74
US4601461035	Purchase	400	34.99
US4601461035	Purchase	100	35.32
US4601461035	Purchase	1,800	35.28
US4601461035	Purchase	5,300	35.22
US4601461035	Purchase	2,500	35.00
US4601461035	Purchase	668	35.30
US4601461035	Purchase	600	35.10
US4601461035	Purchase	378	35.17
US4601461035	Purchase	500	35.02
US4601461035	Purchase	100	35.06
US4601461035	Purchase	100	34.97
US4601461035	Purchase	746	35.26
US4601461035	Purchase	23,719	35.23
US4601461035	Purchase	1,400	35.27
US4601461035	Purchase	100	35.18
US4601461035	Purchase	18,200	35.24
US4601461035	Purchase	158	35.34
US4601461035	Purchase	2,777	35.29
US4601461035	Purchase	300	35.20
US4601461035	Purchase	700	35.36
US4601461035	Purchase	302	35.43
US4601461035	Purchase	6,483	35.25
US4601461035	Purchase	483	35.14
US4601461035	Sale	247	35.32
US4601461035	Sale	56	35.32
US4601461035	Purchase	30	35.32
US4601461035	Sale	15	34.73
US4601461035	Sale	5	34.71
US4601461035	Sale	5	34.53
US4601461035	Sale	5	34.26
US4601461035	Purchase	2,208	35.32
US4601461035	Sale	2,414	35.11
US4601461035	Sale	1,800	35.28
US4601461035	Purchase	858	35.04
US4601461035	Sale	486	35.04
US4601461035	Sale	24	35.22
US4601461035	Sale	4,329	35.13
US4601461035	Sale	127	35.03
US4601461035	Sale	532	35.02
US4601461035	Sale	618	35.06
US4601461035	Purchase	40	34.96
US4601461035	Purchase	680	34.87
US4601461035	Purchase	6,501	35.26
US4601461035	Purchase	1,141	35.27
US4601461035	Purchase	261	35.05
US4601461035	Sale	6,165	35.05
US4601461035	Purchase	46	35.34
US4601461035	Sale	1,686	35.20
US4601461035	Purchase	3,061	35.08
US4601461035	Sale	1,076	35.08

(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 long position		233		34.58 USD
US4601461035		Equity Swap		Decreasing a long position		840		34.70 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?

NO

Date of disclosure:		30th April 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	1/17/2025
US4601461035	Call Option	Purchased	300	40.00	American	1/17/2025
US4601461035	Put Option	Purchased	800	32.50	American	1/17/2025
US4601461035	Call Option	Purchased	800	35.00	American	6/21/2024
US4601461035	Call Option	Purchased	250,000	40.00	American	10/18/2024
US4601461035	Call Option	Written	250,000	45.00	American	10/18/2024
US4601461035	Put Option	Purchased	1,200	45.00	American	7/19/2024
US4601461035	Put Option	Purchased	27,000	45.00	American	7/19/2024
US4601461035	Call Option	Purchased	25,000	45.00	American	5/17/2025
US4601461035	Put Option	Purchased	26,700	45.00	American	5/17/2025

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/20240430647260/en/

Contacts

Millennium Partners, L.P.