BRIEF

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

The Vanguard Group Discloses Position in International Paper Company

The Vanguard Group, Inc. has made a public opening position disclosure concerning its interests in International Paper Company, in compliance with Rule 8.3 of the Takeover Code. This disclosure highlights Vanguard's ownership of relevant securities exceeding 1% of the company's shares.

As of May 23, 2024, Vanguard disclosed an ownership of 40,786,686 common stock units, representing 11.74% of the total shares. The disclosure also covers any dealings made in the relevant securities on that date. Vanguard reported a purchase of 4,799 units at $44.16 per unit and a sale of 6,779 units at the same price.

No other indemnity or dealing arrangements were noted, and there are no agreements or understandings related to voting rights or future acquisitions. No Supplemental Form 8 (Open Positions) is attached to this disclosure.

R. P.

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