BRIEF

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

The Vanguard Group Discloses Position in International Paper Company

The Vanguard Group, Inc. has revealed its interest in the securities of International Paper Company using Form 8.3. This disclosure is in accordance with Rule 8.3 of the Takeover Code and reflects a significant position in the company's relevant securities as of June 26, 2024.

Vanguard's stake comprises 40,738,229 common stock shares, accounting for 11.73% of International Paper Company. Additionally, recent transactions include the purchase of 14,693 shares at $46.61 per unit and the sale of 1,755 shares at the same price.

This disclosure also mentions connections to Smith (DS) plc, another party to the offer. However, there are no indemnities, options, or informal agreements influencing Vanguard's dealings with International Paper Company.

R. H.

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