The Vanguard Group, Inc.: Disclosure on Smith (DS) plc

The Vanguard Group, Inc. has submitted Form 8.3, detailing its interest and transactions in Smith (DS) plc under the Takeover Code. As of July 5, 2024, Vanguard reported holding 66,801,374 ordinary shares, representing 4.84% of Smith (DS) plc’s relevant securities.

The disclosure includes purchase transactions. On July 5, 2024, Vanguard acquired 29,923 ordinary shares at 4.18 GBP per share and 2,232 ordinary shares at 4.19 GBP per share. No positions in cash or stock-settled derivatives have been reported.

The report confirms no dealings involving indemnities, options, or other informal arrangements. Vanguard’s disclosure integrates activities linked to International Paper Company as a connected party to the offer.

No Supplemental Form 8 has been appended. This disclosure adheres to Rule 8.3 of the Takeover Code, ensuring transparency in financial dealings involving significant securities interests.