BRIEF

on The Vanguard Group, Inc. (isin : US12572Q1058)

The Vanguard Group Discloses Interest in Smith (DS) plc

The Vanguard Group, Inc. has made a public disclosure regarding its position in Smith (DS) plc, under Rule 8.3 of the Takeover Code. The relevant date for this disclosure is November 8, 2024. Vanguard has interests representing 4.91% of Smith (DS) plc's 10p ordinary shares, amounting to 67,761,403 securities.

The disclosure includes details of both purchases and sales made by Vanguard. Notably, 307 shares were purchased and 5,157 shares were sold, both at a unit price of 5.66 GBP. No cash-settled or stock-settled derivative transactions were reported. Additionally, no indemnity or other dealing arrangements have been made in relation to relevant securities.

Vanguard also mentions the International Paper Company in their disclosure, indicating its connection to other involved parties in the offer.

R. H.

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