BRIEF

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

Vanguard Discloses Its Stakes in International Paper Company

The Vanguard Group, Inc. has submitted a Form 8.3 regarding its interest in International Paper Company. As of November 20, 2024, Vanguard holds approximately 11.82% of the common stock of International Paper, amounting to 41,056,953 shares. This disclosure is part of the requirements under Rule 8.3 of the Takeover Code, which pertains to entities with significant interests in relevant securities.

In recent dealing activities, Vanguard engaged in both purchasing and selling transactions. They acquired 8,985 shares and sold 8,209 shares, each at a unit price of 58.84 USD. No stock-settled derivatives or rights to subscribe for new securities were indicated in this disclosure.

There are no agreements or understandings related to indemnities, options, or derivatives disclosed, nor any supplementary Form 8 attached. This disclosure highlights Vanguard's ongoing involvement and interest management concerning International Paper Company and the related market dynamics.

R. H.

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