BRIEF

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

The Vanguard Group, Inc. Discloses Its Position in Smith (DS) plc

The Vanguard Group, Inc. has filed a Form 8.3 disclosing its interests in Smith (DS) plc. This disclosure is part of Rule 8.3 of the Takeover Code, which mandates public opening position disclosures by individuals or entities with significant interests.

As of May 28, 2024, The Vanguard Group holds 61,925,471 shares, representing approximately 4.49% of Smith (DS) plc's 10p ordinary shares. Additionally, Vanguard has engaged in purchasing 7,060 shares at a price of 3.74 GBP per unit.

In response to International Paper Company, Vanguard confirms the involvement of another party in the relevant securities disclosures. However, no other agreements, arrangements, or understandings regarding options or derivatives exist, and no supplemental forms are attached to this filing.

This disclosure was made public on May 29, 2024, and is detailed by Shawn Acker, reachable at 001-610-669-6713 for further inquiries.

R. P.

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