BRIEF

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

The Vanguard Group, Inc. Discloses Interest in Smith (DS) plc

The Vanguard Group, Inc. has disclosed its significant interest in Smith (DS) plc, as required by Rule 8.3 of the Takeover Code. The disclosure includes details about the positions and short positions related to the relevant securities of Smith (DS) plc.

As of September 10, 2024, Vanguard holds 67,700,847 ordinary shares of Smith (DS) plc, representing 4.90% of the company's total share capital. Additionally, Vanguard has disclosed a purchase of 7,428 ordinary shares at a price of 4.54 GBP per share.

Additionally, The Vanguard Group is making disclosures in respect of another party to the offer: International Paper Company. No indemnity or other dealing arrangements have been made, and no supplemental Form 8 (Open Positions) is attached to this disclosure.

Shawn Acker is the contact person for any further inquiries regarding this disclosure, and can be reached at 001-610-669-6713.

R. E.

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