Form 8.3 - International Paper Company

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		30th January 2025
(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:		5,537,465		1.594%		1,171,660		0.337%
(2)Cash-settled derivatives:		1,250		0.000%		700,489		0.202%
(3)Stock-settled derivatives (including options) and agreements to purchase/sell:		100		0.000%		38,100		0.011%
TOTAL:		5,538,815		1.595%		1,910,249		0.550%

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	22	56.78
US4601461035	Purchase	140	56.80
US4601461035	Purchase	70	56.47
US4601461035	Purchase	124	56.77
US4601461035	Purchase	281	56.79
US4601461035	Purchase	339	56.81
US4601461035	Purchase	402	56.84
US4601461035	Purchase	3,700	56.95
US4601461035	Purchase	1,291	57.15
US4601461035	Purchase	115	57.01
US4601461035	Purchase	114	57.05
US4601461035	Sale	4,797	57.05
US4601461035	Purchase	90	56.96
US4601461035	Purchase	2,818	56.99
US4601461035	Purchase	591	57.17
US4601461035	Purchase	473	57.16
US4601461035	Purchase	172	57.07
US4601461035	Purchase	47	56.97
US4601461035	Purchase	97	56.71
US4601461035	Purchase	11	57.53
US4601461035	Purchase	442	57.06
US4601461035	Purchase	219	57.14
US4601461035	Purchase	183	55.02
US4601461035	Purchase	10	57.19
US4601461035	Purchase	120	57.28
US4601461035	Purchase	50	57.03
US4601461035	Purchase	1,681	57.18
US4601461035	Purchase	667	56.94
US4601461035	Purchase	388	57.26
US4601461035	Purchase	3	57.33
US4601461035	Purchase	415	56.68
US4601461035	Purchase	464	56.65
US4601461035	Purchase	25	56.55
US4601461035	Purchase	287	56.76
US4601461035	Purchase	81	56.69
US4601461035	Purchase	12	57.36
US4601461035	Purchase	62	56.66
US4601461035	Purchase	1,187	56.82
US4601461035	Purchase	77	56.75
US4601461035	Purchase	65	56.88
US4601461035	Purchase	578	56.93
US4601461035	Purchase	22	56.91
US4601461035	Purchase	218	56.52
US4601461035	Purchase	137	56.83
US4601461035	Purchase	20	57.30
US4601461035	Purchase	221	56.86
US4601461035	Purchase	489	56.87
US4601461035	Purchase	204	56.59
US4601461035	Purchase	40	57.41
US4601461035	Purchase	57	57.20
US4601461035	Purchase	664	56.70
US4601461035	Purchase	310	57.22
US4601461035	Purchase	100	56.72
US4601461035	Purchase	620	57.12
US4601461035	Purchase	553	56.74
US4601461035	Purchase	147	56.57
US4601461035	Purchase	404	56.90
US4601461035	Purchase	1	57.54
US4601461035	Purchase	75	56.62
US4601461035	Purchase	200	57.24
US4601461035	Purchase	976	57.08
US4601461035	Purchase	114	57.32
US4601461035	Purchase	57	57.44
US4601461035	Purchase	24	57.23
US4601461035	Purchase	45	56.50
US4601461035	Purchase	5	56.01
US4601461035	Purchase	823	56.73
US4601461035	Purchase	8	57.38
US4601461035	Purchase	10	56.51
US4601461035	Purchase	101	57.37
US4601461035	Purchase	20	57.61
US4601461035	Purchase	7	56.53
US4601461035	Sale	78,335	57.05
US4601461035	Sale	6,233	56.78
US4601461035	Sale	5,754	56.80
US4601461035	Sale	172	56.77
US4601461035	Sale	16,299	56.79
US4601461035	Sale	4,315	56.84
US4601461035	Sale	1	57.04
US4601461035	Sale	101	57.00
US4601461035	Sale	3,700	56.95
US4601461035	Sale	4,220	56.98
US4601461035	Sale	111	57.15
US4601461035	Sale	846	57.11
US4601461035	Purchase	274,701	57.05
US4601461035	Sale	932	56.96
US4601461035	Sale	358	56.99
US4601461035	Sale	1,900	56.92
US4601461035	Sale	220	56.97
US4601461035	Sale	17,553	56.71
US4601461035	Sale	675	57.14
US4601461035	Sale	108	57.03
US4601461035	Sale	38,843	56.94
US4601461035	Sale	220	56.89
US4601461035	Sale	16,444	56.68
US4601461035	Sale	24,002	56.65
US4601461035	Sale	13,291	56.76
US4601461035	Sale	39	57.36
US4601461035	Sale	30,256	56.82
US4601461035	Sale	19,453	56.75
US4601461035	Sale	199	56.88
US4601461035	Sale	14,344	56.93
US4601461035	Sale	30,000	57.02
US4601461035	Sale	18,744	56.45
US4601461035	Sale	2,876	56.67
US4601461035	Sale	21,419	56.83
US4601461035	Sale	2,483	56.86
US4601461035	Sale	3,314	56.87
US4601461035	Sale	11,575	57.20
US4601461035	Sale	32,716	56.70
US4601461035	Sale	4,600	56.72
US4601461035	Sale	176	56.74
US4601461035	Sale	942	56.57
US4601461035	Sale	6,225	56.90
US4601461035	Sale	55	56.56
US4601461035	Sale	205	56.51
US4601461035	Sale	4,081	56.38
US4601461035	Purchase	5,612	57.05
US4601461035	Sale	134	57.05
US4601461035	Purchase	69	56.96
US4601461035	Purchase	8	56.99
US4601461035	Purchase	475	57.14
US4601461035	Purchase	16	57.27
US4601461035	Purchase	30,000	57.02
US4601461035	Purchase	2,400	56.86
US4601461035	Purchase	2,250	57.20
US4601461035	Purchase	314	57.22
US4601461035	Purchase	176	56.74
US4601461035	Purchase	1,098	56.78
US4601461035	Purchase	6,091	56.80
US4601461035	Sale	400	56.37
US4601461035	Sale	2,056	56.25
US4601461035	Sale	7,379	56.47
US4601461035	Sale	469	56.40
US4601461035	Sale	9,257	56.00
US4601461035	Sale	1,879	56.14
US4601461035	Purchase	10	56.77
US4601461035	Sale	17	56.77
US4601461035	Purchase	1,000	56.79
US4601461035	Sale	401	56.28
US4601461035	Sale	9,524	56.07
US4601461035	Purchase	1,600	56.81
US4601461035	Purchase	235	56.84
US4601461035	Sale	120	56.84
US4601461035	Purchase	100	57.04
US4601461035	Sale	2,388	56.15
US4601461035	Purchase	15,180	57.00
US4601461035	Sale	15,080	57.00
US4601461035	Purchase	101	56.95
US4601461035	Purchase	11,200	56.98
US4601461035	Purchase	1,000	57.15
US4601461035	Purchase	1,100	57.11
US4601461035	Purchase	500	57.01
US4601461035	Sale	300	57.01
US4601461035	Purchase	211	57.05
US4601461035	Sale	280,201	57.05
US4601461035	Purchase	202	56.96
US4601461035	Sale	2,199	56.96
US4601461035	Purchase	1,352	56.99
US4601461035	Sale	809	56.99
US4601461035	Purchase	2,480	56.92
US4601461035	Purchase	200	57.17
US4601461035	Purchase	700	57.16
US4601461035	Sale	165	57.16
US4601461035	Purchase	200	57.07
US4601461035	Purchase	300	56.97
US4601461035	Purchase	1,747	56.71
US4601461035	Purchase	200	57.06
US4601461035	Purchase	24,313	57.14
US4601461035	Purchase	1,092	57.25
US4601461035	Purchase	100	57.03
US4601461035	Purchase	1,615	57.18
US4601461035	Purchase	124	56.94
US4601461035	Sale	300	56.89
US4601461035	Purchase	30	57.29
US4601461035	Purchase	437	57.10
US4601461035	Purchase	108	56.69
US4601461035	Sale	300	56.19
US4601461035	Purchase	100	56.30
US4601461035	Purchase	156	56.66
US4601461035	Sale	865	56.66
US4601461035	Purchase	100	57.09
US4601461035	Purchase	147	56.82
US4601461035	Sale	400	56.82
US4601461035	Purchase	8,968	56.75
US4601461035	Purchase	14,979	56.93
US4601461035	Sale	38,346	56.93
US4601461035	Purchase	326	57.02
US4601461035	Sale	342	57.02
US4601461035	Purchase	100	56.23
US4601461035	Sale	400	56.23
US4601461035	Purchase	948	56.91
US4601461035	Sale	291	56.91
US4601461035	Purchase	462	56.67
US4601461035	Purchase	150	56.83
US4601461035	Sale	300	56.83
US4601461035	Purchase	1	56.86
US4601461035	Purchase	2	56.87
US4601461035	Purchase	165	57.20
US4601461035	Purchase	102	57.12
US4601461035	Purchase	200	57.13
US4601461035	Purchase	173	56.73
US4601461035	Sale	17,298	56.73
US4601461035	Purchase	3	56.78
US4601461035	Purchase	14,444	56.80
US4601461035	Purchase	65	56.40
US4601461035	Purchase	3	56.79
US4601461035	Purchase	85,007	56.81
US4601461035	Purchase	12	56.84
US4601461035	Purchase	6	57.04
US4601461035	Purchase	130,375	57.00
US4601461035	Purchase	236	56.95
US4601461035	Purchase	12,976	56.98
US4601461035	Purchase	1	57.15
US4601461035	Purchase	2,923	57.11
US4601461035	Purchase	397	57.01
US4601461035	Purchase	2,168	57.05
US4601461035	Purchase	58	56.96
US4601461035	Sale	14	56.96
US4601461035	Purchase	1,179	56.99
US4601461035	Purchase	42,833	56.92
US4601461035	Sale	42,648	56.92
US4601461035	Purchase	58	57.17
US4601461035	Purchase	500	55.43
US4601461035	Purchase	219	55.54
US4601461035	Purchase	5,496	55.18
US4601461035	Purchase	1,300	55.46
US4601461035	Purchase	290	57.16
US4601461035	Purchase	16,417	57.07
US4601461035	Purchase	40	56.97
US4601461035	Purchase	16,725	56.71
US4601461035	Purchase	624	57.53
US4601461035	Purchase	2	57.06
US4601461035	Purchase	203	57.14
US4601461035	Purchase	116	55.02
US4601461035	Purchase	600	55.21
US4601461035	Purchase	700	55.06
US4601461035	Purchase	86	55.44
US4601461035	Purchase	114	54.82
US4601461035	Purchase	200	55.20
US4601461035	Purchase	10	57.19
US4601461035	Purchase	40,417	57.03
US4601461035	Purchase	1,168	56.94
US4601461035	Purchase	1,800	55.34
US4601461035	Purchase	37,166	56.46
US4601461035	Purchase	80	57.26
US4601461035	Purchase	1	57.59
US4601461035	Purchase	1,821	55.23
US4601461035	Purchase	9,637	56.89
US4601461035	Purchase	2	57.33
US4601461035	Purchase	1	57.50
US4601461035	Purchase	11,632	56.68
US4601461035	Purchase	35	57.29
US4601461035	Purchase	31,716	57.27
US4601461035	Purchase	300	55.27
US4601461035	Purchase	300	54.68
US4601461035	Purchase	496	56.55
US4601461035	Purchase	57	56.66
US4601461035	Purchase	928	57.09
US4601461035	Purchase	4	56.82
US4601461035	Purchase	51,299	56.75
US4601461035	Purchase	16	56.88
US4601461035	Purchase	20,508	56.93
US4601461035	Purchase	10	57.02
US4601461035	Purchase	1,078	56.91
US4601461035	Purchase	41	56.67
US4601461035	Purchase	11,990	56.83
US4601461035	Purchase	893	57.30
US4601461035	Purchase	3	56.86
US4601461035	Purchase	10	56.54
US4601461035	Purchase	28	56.87
US4601461035	Purchase	71	56.59
US4601461035	Purchase	261	57.20
US4601461035	Purchase	37,578	56.85
US4601461035	Purchase	66	56.70
US4601461035	Purchase	140	57.22
US4601461035	Purchase	11,917	56.72
US4601461035	Purchase	3,504	57.12
US4601461035	Purchase	126	57.13
US4601461035	Purchase	499	56.90
US4601461035	Purchase	21,615	56.62
US4601461035	Purchase	65	55.55
US4601461035	Purchase	465	57.24
US4601461035	Purchase	409	57.08
US4601461035	Purchase	1	57.23
US4601461035	Purchase	4,829	56.50
US4601461035	Purchase	291	56.61
US4601461035	Purchase	25	56.41
US4601461035	Purchase	15,748	56.73
US4601461035	Purchase	4	56.38
US4601461035	Purchase	2,768	56.24
US4601461035	Sale	21	56.25
US4601461035	Purchase	4,797	57.05
US4601461035	Sale	465	57.05
US4601461035	Sale	140	55.46
US4601461035	Sale	130	55.26
US4601461035	Sale	38	55.74
US4601461035	Sale	623	55.50
US4601461035	Sale	12	55.53
US4601461035	Sale	8	55.79
US4601461035	Sale	493	55.49
US4601461035	Sale	210	55.73
US4601461035	Sale	33	55.80
US4601461035	Sale	24	55.61
US4601461035	Sale	355	55.56
US4601461035	Sale	100	55.48
US4601461035	Sale	10	55.88
US4601461035	Sale	675	55.60
US4601461035	Sale	40	55.69
US4601461035	Sale	7	55.00
US4601461035	Sale	119	55.25
US4601461035	Sale	10	55.28
US4601461035	Sale	10	54.70
US4601461035	Sale	32	54.78
US4601461035	Sale	170	56.04
US4601461035	Sale	60	56.06
US4601461035	Sale	235	55.55
US4601461035	Sale	1	55.68
US4601461035	Sale	1	55.70
US4601461035	Sale	50	55.77
US4601461035	Sale	10	55.92
US4601461035	Sale	90	55.89
US4601461035	Sale	60	55.81
US4601461035	Sale	10	56.22
US4601461035	Sale	20	55.71
US4601461035	Sale	30	56.20
US4601461035	Sale	1	55.72
US4601461035	Sale	504	55.97
US4601461035	Purchase	215	56.78
US4601461035	Purchase	215	56.80
US4601461035	Sale	4	56.25
US4601461035	Purchase	1,219	56.77
US4601461035	Purchase	44	56.79
US4601461035	Purchase	1,736	56.81
US4601461035	Purchase	722	56.84
US4601461035	Purchase	19	57.04
US4601461035	Purchase	50	56.95
US4601461035	Purchase	9,836	56.98
US4601461035	Sale	9,624	56.98
US4601461035	Purchase	146	57.15
US4601461035	Purchase	1,805	57.11
US4601461035	Purchase	810	57.01
US4601461035	Sale	810	57.01
US4601461035	Purchase	134	57.05
US4601461035	Purchase	305	56.99
US4601461035	Purchase	10,773	56.92
US4601461035	Sale	10,675	56.92
US4601461035	Purchase	10,709	57.17
US4601461035	Sale	219	55.54
US4601461035	Sale	5,496	55.18
US4601461035	Purchase	200	57.16
US4601461035	Purchase	12	57.07
US4601461035	Purchase	100	56.97
US4601461035	Purchase	31	56.71
US4601461035	Purchase	200	57.53
US4601461035	Purchase	100	57.14
US4601461035	Purchase	1,949	55.02
US4601461035	Purchase	434	57.19
US4601461035	Purchase	500	57.28
US4601461035	Purchase	319	57.25
US4601461035	Purchase	58	57.03
US4601461035	Sale	5	57.18
US4601461035	Purchase	23,600	56.94
US4601461035	Sale	23,600	56.94
US4601461035	Purchase	143	57.26
US4601461035	Purchase	358	56.89
US4601461035	Purchase	31	56.68
US4601461035	Purchase	300	56.64
US4601461035	Purchase	389	57.27
US4601461035	Purchase	46	57.10
US4601461035	Purchase	1,700	57.36
US4601461035	Purchase	911	56.66
US4601461035	Purchase	18	57.09
US4601461035	Purchase	299	56.82
US4601461035	Purchase	492	56.88
US4601461035	Purchase	101	56.93
US4601461035	Purchase	962	57.02
US4601461035	Sale	7	55.79
US4601461035	Purchase	79	56.91
US4601461035	Purchase	98	56.67
US4601461035	Purchase	582	56.83
US4601461035	Purchase	1,129	57.30
US4601461035	Purchase	81	56.86
US4601461035	Purchase	140	56.54
US4601461035	Purchase	346	56.87
US4601461035	Purchase	5	54.95
US4601461035	Purchase	101	57.42
US4601461035	Purchase	100	57.41
US4601461035	Purchase	100	57.20
US4601461035	Purchase	416	56.85
US4601461035	Purchase	261	56.70
US4601461035	Purchase	481	57.22
US4601461035	Purchase	125	57.12
US4601461035	Purchase	5,510	56.74
US4601461035	Sale	5,510	56.74
US4601461035	Purchase	6	57.55
US4601461035	Sale	34,048	56.57
US4601461035	Purchase	87	57.13
US4601461035	Purchase	171	56.90
US4601461035	Purchase	77	56.62
US4601461035	Purchase	10	57.24
US4601461035	Purchase	100	57.44
US4601461035	Purchase	4	57.45
US4601461035	Purchase	12	57.23
US4601461035	Sale	6	57.23
US4601461035	Purchase	345	57.35
US4601461035	Purchase	100	57.52
US4601461035	Purchase	3,454	56.73
US4601461035	Purchase	199	57.38
US4601461035	Purchase	406	57.46
US4601461035	Sale	231	56.10
US4601461035	Purchase	1,408	57.21
US4601461035	Purchase	1,040	57.34
US4601461035	Purchase	24	57.37
US4601461035	Purchase	900	57.31
US4601461035	Purchase	247	56.48
US4601461035	Purchase	100	57.47
US4601461035	Purchase	5,880	56.78
US4601461035	Sale	4,603	56.78
US4601461035	Purchase	25,253	56.80
US4601461035	Sale	4,028	56.80
US4601461035	Purchase	372	56.25
US4601461035	Purchase	41	56.14
US4601461035	Purchase	2,226	56.77
US4601461035	Sale	558	56.77
US4601461035	Purchase	7,005	56.79
US4601461035	Sale	374	56.79
US4601461035	Purchase	223	56.28
US4601461035	Purchase	400	56.81
US4601461035	Sale	656	56.81
US4601461035	Purchase	3,195	56.84
US4601461035	Sale	504	56.84
US4601461035	Purchase	708	57.04
US4601461035	Purchase	400	56.15
US4601461035	Purchase	16,046	57.00
US4601461035	Sale	15,074	57.00
US4601461035	Purchase	4,628	56.95
US4601461035	Sale	4,603	56.95
US4601461035	Purchase	100	56.98
US4601461035	Sale	24,770	56.98
US4601461035	Purchase	1,102	57.15
US4601461035	Purchase	400	57.11
US4601461035	Sale	1,417	57.11
US4601461035	Purchase	1,100,494	57.05
US4601461035	Sale	1,050,982	57.05
US4601461035	Purchase	1,082	56.96
US4601461035	Sale	1,184	56.96
US4601461035	Purchase	1,100	56.99
US4601461035	Sale	37,791	56.99
US4601461035	Purchase	23,238	56.92
US4601461035	Sale	23,061	56.92
US4601461035	Purchase	700	57.17
US4601461035	Sale	1,322	57.17
US4601461035	Sale	285	57.16
US4601461035	Sale	846	57.07
US4601461035	Purchase	1,000	56.97
US4601461035	Sale	168	56.97
US4601461035	Purchase	900	56.71
US4601461035	Sale	176	57.53
US4601461035	Purchase	80	57.06
US4601461035	Sale	6,998	57.06
US4601461035	Purchase	701	57.14
US4601461035	Sale	3,734	57.14
US4601461035	Sale	1,209	55.02
US4601461035	Purchase	771	57.19
US4601461035	Sale	4	57.19
US4601461035	Purchase	1,853	57.28
US4601461035	Purchase	3,837	57.25
US4601461035	Purchase	1,800	57.03
US4601461035	Sale	63	57.18
US4601461035	Purchase	1,850	56.94
US4601461035	Sale	1,675	56.94
US4601461035	Purchase	1,263	57.26
US4601461035	Sale	3,934	57.26
US4601461035	Purchase	100	57.59
US4601461035	Purchase	942	56.89
US4601461035	Sale	11,140	56.89
US4601461035	Purchase	15,213	57.33
US4601461035	Purchase	13,321	57.50
US4601461035	Purchase	283	56.64
US4601461035	Sale	243	56.64
US4601461035	Purchase	11,800	57.27
US4601461035	Purchase	800	57.10
US4601461035	Sale	1,809	57.10
US4601461035	Purchase	100	56.65
US4601461035	Sale	311	56.65
US4601461035	Purchase	50	56.76
US4601461035	Sale	28,680	56.76
US4601461035	Purchase	369	56.69
US4601461035	Sale	8,836	56.69
US4601461035	Purchase	1,018	57.36
US4601461035	Purchase	5,292	56.66
US4601461035	Sale	6,003	56.66
US4601461035	Purchase	3,562	57.09
US4601461035	Sale	5,559	57.09
US4601461035	Purchase	4,235	56.82
US4601461035	Sale	1,649	56.82
US4601461035	Purchase	300	56.75
US4601461035	Sale	8,968	56.75
US4601461035	Purchase	3,711	56.88
US4601461035	Sale	1,022	56.88
US4601461035	Purchase	4,974	56.93
US4601461035	Sale	351	56.93
US4601461035	Purchase	2,580	57.02
US4601461035	Sale	1,527	57.02
US4601461035	Purchase	3	55.74
US4601461035	Purchase	10,489	56.91
US4601461035	Sale	8,968	56.91
US4601461035	Purchase	1,859	56.67
US4601461035	Purchase	60	55.56
US4601461035	Purchase	16,418	56.83
US4601461035	Sale	2,143	56.83
US4601461035	Purchase	4,348	57.30
US4601461035	Purchase	245	56.86
US4601461035	Sale	6,277	56.54
US4601461035	Purchase	4,922	56.87
US4601461035	Sale	766	56.87
US4601461035	Sale	400	56.59
US4601461035	Purchase	52	55.60
US4601461035	Purchase	878	57.42
US4601461035	Purchase	4,726	57.41
US4601461035	Purchase	4,487	57.20
US4601461035	Purchase	7,198	56.85
US4601461035	Purchase	680	56.70
US4601461035	Sale	201	56.70
US4601461035	Purchase	10,341	57.22
US4601461035	Sale	188	57.22
US4601461035	Purchase	2,701	56.72
US4601461035	Sale	453	56.72
US4601461035	Purchase	20,491	57.12
US4601461035	Sale	6,520	57.12
US4601461035	Purchase	300	56.74
US4601461035	Sale	57,835	56.74
US4601461035	Sale	841	56.44
US4601461035	Purchase	3,810	57.13
US4601461035	Sale	686	56.90
US4601461035	Sale	992	56.56
US4601461035	Purchase	288	56.62
US4601461035	Sale	65	55.55
US4601461035	Purchase	4,235	57.24
US4601461035	Purchase	375	57.08
US4601461035	Sale	2,847	57.08
US4601461035	Purchase	4,997	57.32
US4601461035	Purchase	800	57.44
US4601461035	Purchase	4,527	57.23
US4601461035	Sale	16,748	57.23
US4601461035	Sale	5,222	56.50
US4601461035	Purchase	200	56.61
US4601461035	Sale	907	56.61
US4601461035	Purchase	100	56.41
US4601461035	Purchase	11,209	57.35
US4601461035	Purchase	1	55.77
US4601461035	Purchase	580	55.92
US4601461035	Purchase	120	55.89
US4601461035	Purchase	100	57.52
US4601461035	Purchase	22	55.81
US4601461035	Purchase	3,611	56.73
US4601461035	Sale	40,342	56.73
US4601461035	Purchase	2,600	57.38
US4601461035	Sale	4,916	56.51
US4601461035	Purchase	20,331	57.46
US4601461035	Purchase	514	57.21
US4601461035	Purchase	5,171	57.34
US4601461035	Purchase	1,532	57.31
US4601461035	Sale	13,853	57.31
US4601461035	Sale	405	57.61
US4601461035	Purchase	100	56.24
US4601461035	Sale	2,768	56.24
US4601461035	Purchase	224	55.86
US4601461035	Purchase	60	55.66
US4601461035	Purchase	100	56.26
US4601461035	Sale	936	56.26
US4601461035	Sale	10	56.60
US4601461035	Purchase	220	55.82
US4601461035	Purchase	128	55.87
US4601461035	Purchase	200	55.78
US4601461035	Purchase	144	56.21
US4601461035	Purchase	100	55.94
US4601461035	Purchase	5	55.83
US4601461035	Sale	100	56.33
US4601461035	Purchase	200	57.58
US4601461035	Purchase	4,428	57.51
US4601461035	Purchase	1,300	56.12
US4601461035	Purchase	269	56.49
US4601461035	Purchase	210	56.09
US4601461035	Sale	1,000	56.34
US4601461035	Purchase	300	57.39
US4601461035	Purchase	546	57.48
US4601461035	Purchase	700	56.13
US4601461035	Purchase	200	56.11
US4601461035	Purchase	344	56.43
US4601461035	Purchase	100	56.29
US4601461035	Purchase	9	55.90
US4601461035	Purchase	1	57.05
US4601461035	Sale	133	56.88
US4601461035	Purchase	278	56.80
US4601461035	Purchase	235	56.81
US4601461035	Purchase	11	57.04
US4601461035	Purchase	44	57.00
US4601461035	Purchase	3,829	56.98
US4601461035	Purchase	846	57.11
US4601461035	Purchase	1,909	57.05
US4601461035	Purchase	90	56.96
US4601461035	Purchase	1	56.99
US4601461035	Purchase	1,900	56.92
US4601461035	Purchase	21	56.97
US4601461035	Purchase	488	57.06
US4601461035	Purchase	54	57.03
US4601461035	Purchase	1	57.10
US4601461035	Purchase	9,325	57.20
US4601461035	Purchase	8	57.13
US4601461035	Purchase	10	56.90
US4601461035	Purchase	1	57.04
US4601461035	Sale	1	57.05
US4601461035	Sale	975,995	57.05
US4601461035	Purchase	1,292	56.80
US4601461035	Purchase	1,904	56.77
US4601461035	Sale	1,904	56.84
US4601461035	Sale	55	57.04
US4601461035	Purchase	739	57.00
US4601461035	Sale	6,184	57.00
US4601461035	Purchase	86	56.98
US4601461035	Sale	1,571	56.98
US4601461035	Sale	1	57.01
US4601461035	Sale	464	56.96
US4601461035	Sale	228	56.99
US4601461035	Purchase	78	56.92
US4601461035	Purchase	2,569	56.97
US4601461035	Sale	44	57.19
US4601461035	Purchase	7	56.89
US4601461035	Purchase	437	57.09
US4601461035	Purchase	302	56.75
US4601461035	Purchase	2	56.93
US4601461035	Purchase	155	56.67
US4601461035	Purchase	12	55.39
US4601461035	Purchase	1,926	56.86
US4601461035	Purchase	7	56.54
US4601461035	Purchase	495	56.72
US4601461035	Sale	3	57.12
US4601461035	Purchase	190	56.74

(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		Reducing a short Position		1,005,630		57.05 USD
US4601461035		Equity Swap		Reducing a short Position		133		56.81 USD
US4601461035		Equity Swap		Opening a short Position		25,133		56.97 USD
US4601461035		Equity Swap		Reducing a long Position		385		56.44 USD
US4601461035		Equity Swap		Closing a long Position		597		56.86 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 (USD)
US4601461035	Put Option	Purchasing	1,100	57.50	American	17/04/2025	3.10
US4601461035	Put Option	Selling	60,000	57.50	American	21/02/2025	1.75

(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:		31st January 2025
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	47.50	American	16/01/2026
US4601461035	Put Option	Purchased	8,100	57.50	American	17/04/2025
US4601461035	Put Option	Purchased	4,800	55.00	American	21/02/2025
US4601461035	Put Option	Purchased	7,900	52.50	American	21/02/2025
US4601461035	Put Option	Purchased	11,300	52.50	American	17/04/2025
US4601461035	Put Option	Purchased	6,000	55.00	American	17/04/2025

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/20250131483977/en/

Millennium Partners, L.P.