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FORM 8.3

IRISH TAKEOVER PANEL

DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013

DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

1. KEY INFORMATION

Name of person dealing (Note 1)	Northern Trust Group
Company dealt in	International Paper Company
Class of relevant security to which the dealings being disclosed relate (Note 2)	USD1.00 common stock
Date of dealing	04^th June 2018

2. INTERESTS AND SHORT POSITIONS

(a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

	Long		Short
	Number	(%)	Number	(%)
(1) Relevant securities	4,965,980 1.20%
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total	4,965,980 1.20%

* Note: The difference in holdings from yesterday and today not explained by transactions, can be explained by stock transfers of 48 securities into the relevant accounts

(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

Class of relevant security:	Long		Short
	Number	(%)	Number	(%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total

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1. DEALINGS (Note 4)

(a) Purchases and sales

Purchase/sale	Number of relevant securities	Price per unit ($)
BUY	277	57.27
BUY	57	57.50
BUY	13	57.26
BUY	2	57.44
BUY	30	57.26
BUY	4	57.44
BUY	7	57.44
BUY	56	57.26
BUY	5	57.27
BUY	11	57.26
BUY	1	57.44
BUY	123	57.50
BUY	2	57.44
BUY	18	57.26
BUY	12	57.27
BUY	2	57.44
BUY	16	57.26
BUY	2	57.44
BUY	15	57.26
BUY	2	57.44
BUY	13	57.26
BUY	14	57.26
BUY	2	57.44
BUY	1	57.44
BUY	11	57.26
BUY	40	57.27
BUY	4	57.44
BUY	28	57.26
BUY	75	57.26
BUY	10	57.44

(b) Derivatives transactions (other than options transactions)

Product name,

e.g. CFD

Nature of transaction

(Note 6)

Number of relevant securities

(Note 7)

Price per unit

(Note 5)

(i) Writing, selling, purchasing or varying

Product name,

e.g. call option

Writing, selling, purchasing, varying etc.

Number of securities to which the option relates (Note 7)

Exercise price

Type, e.g. American, European etc.

Expiry date

Option money paid/received per unit (Note 5)

(ii) Exercising

Product name,

e.g. call option

Number of securities

Exercise price per unit (Note 5)

(d) Other dealings (including transactions in respect of new securities) (Note 4)

Nature of transaction

(Note 8)

Details

Price per unit

(if applicable) (Note 5)

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2. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is referenced.
If none, this should be stated.

Is a Supplemental Form 8 attached? (Note 9) NO

Date of disclosure	05^th June 2018
Contact name	Alexandra Marshall-Grant
Telephone number	020 7982 1844
If a connected EFM, name of offeree/offeror with which connected
If a connected EFM, state nature of connection (Note 10)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

END

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