BRIEF

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

The Vanguard Group, Inc. Discloses Position in International Paper Company

The Vanguard Group, Inc. has submitted Form 8.3 regarding its stake in International Paper Company. This disclosure follows Rule 8.3 of the Takeover Code, which applies when a person holds interests in relevant securities representing 1% or more of the company.

Vanguard reported holding 40,894,252 shares of International Paper, representing an 11.77% stake. This disclosure relates to positions held as of October 10, 2024, and includes an additional disclosure concerning Smith (DS) plc.

The disclosure also details recent transactions by Vanguard. The firm purchased 10,127 common stock shares at $47 per unit and sold 1,377 shares at the same price.

No indemnities, options, or related agreements were reported. Furthermore, there are no arrangements regarding the voting rights of relevant securities.

R. H.

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