BRIEF

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

The Vanguard Group, Inc.: Disclosure on International Paper Company

The Vanguard Group, Inc. has disclosed its opening position related to International Paper Company as per Rule 8.3 of the Takeover Code.

The disclosure, dated 25 June 2024, reveals that Vanguard holds a 11.73% interest in International Paper Company through owning 40,725,291 common stock shares. No short positions, cash-settled derivatives, or stock-settled derivatives are reported in the disclosure.

On 25 June 2024, Vanguard purchased 7,895 common stock shares at $46.59 each and sold 75,492 common stock shares at the same price. No other derivative transactions or dealings were disclosed.

Vanguard stated that there are no indemnity or option arrangements or any related agreements with any party concerning the relevant securities, nor are there any agreements regarding voting rights or future acquisitions linked to derivatives.

Vanguard confirms that no Supplemental Form 8 is attached as part of this disclosure.

R. H.

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