BRIEF

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

The Vanguard Group Discloses Position in International Paper Company

The Vanguard Group, Inc. has released a Form 8.3, detailing its stake in the International Paper Company. As of October 28, 2024, Vanguard holds interests amounting to 40,928,211 shares, representing 11.78% of the common stock. This disclosure is in accordance with Rule 8.3 of the Takeover Code.

The form reveals recent transactions, including a purchase of 2,194 common stock units at 48.64 USD per share, alongside a sale of 16,931 units at the same price. These actions highlight Vanguard's strategic maneuvers within the market.

No additional disclosure pertains to stock-settled derivatives or any agreements related to securities dealings. Similarly, there are no noted indemnity or other dealing arrangements by Vanguard concerning this offer. Thus, the disclosure reflects a clear and straightforward position held by the group.

R. P.

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