BRIEF

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

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

The Vanguard Group, Inc. has disclosed its position concerning International Paper Company. This was done following the guidelines of Rule 8.3 of the Takeover Code.

On 3rd September 2024, Vanguard held 40,869,021 shares, amounting to an 11.77% interest in International Paper Company's common stock. The form specifies that there were no cash-settled or stock-settled derivatives and agreements to purchase or sell.

Additionally, Vanguard managed purchases and sales of common stock with 13,714 shares bought at $47.77 per unit and 837 shares sold at the same price. There were no other dealings such as options or special agreements reported.

No indemnity or other formal or informal dealing arrangements were involved. For full disclosure, a Supplemental Form 8 was not attached, indicating no open derivative positions.

R. H.

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