BRIEF

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

The Vanguard Group, Inc.: Stake Disclosure in International Paper Company

The Vanguard Group, Inc. has disclosed its stake in International Paper Company in accordance with Rule 8.3 of the Takeover Code. As of 17 July 2024, Vanguard holds 40,729,614 common stock shares, representing an 11.73% interest.

Additionally, Vanguard reported transactions involving common stock. The firm purchased 10,642 shares at a price of $45.75 per unit and sold 884 shares at the same price.

There are no indemnity agreements, options, or formal understandings impacting the securities. The disclosure excludes any Supplemental Form 8 (Open Positions) attachment.

This disclosure also mentions another party associated with the offer: Smith (DS) plc. No details were provided regarding cash-settled or stock-settled derivatives.

R. H.

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