BRIEF

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

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

The Vanguard Group, Inc. has released a Form 8.3 disclosure under Rule 8.3 of the Takeover Code. This form pertains to its interests in the relevant securities of International Paper Company.

As of 08 July 2024, Vanguard holds 40,694,684 common stocks in International Paper Company, accounting for 11.72% of the company's total shares. Vanguard also provided details of recent transactions, including a purchase of 6,278 common stocks at 43.17 USD per unit and a sale of 553 common stocks at the same price.

Vanguard clarified there are no open stock-settled derivative positions or agreements to purchase or sell relevant securities. Furthermore, there are no indemnity arrangements or agreements affecting voting rights.

This disclosure also notes Vanguard's dealings with Smith (DS) plc, connected to the offeror/offeree.

R. P.

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