BRIEF

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

The Vanguard Group's Disclosure on Smith (DS) plc

The Vanguard Group, Inc. has disclosed its position regarding Smith (DS) plc as per Form 8.3 in compliance with the UK Takeover Code. This was announced on October 31, 2024.

Vanguard reported holding 67,670,662 shares, representing 4.90% of the ordinary 10p shares in Smith (DS) plc as of October 30, 2024. The disclosure also mentions involvement with International Paper Company related to the offered securities.

In recent dealings, Vanguard purchased an additional 5,379 shares at a price of 4.77 GBP per unit. There were no cash or stock-settled derivative positions to declare beyond this.

No indemnity agreements, other arrangements, or understandings about the securities were reported. Additionally, no supplemental forms regarding open positions are attached to this disclosure.

R. H.

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