BRIEF

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

Vanguard's Position in Smith (DS) plc

The Vanguard Group, Inc. has released a public opening position disclosure concerning its interests in Smith (DS) plc, adhering to Rule 8.3 of the Takeover Code. The disclosure, dated November 5, 2024, outlines Vanguard's involvement in Smith (DS) plc's relevant securities. The company holds 67,656,380 ordinary shares, constituting 4.90% of the securities.

The document notes no cash-settled or stock-settled derivatives in relation to these securities. A minor transaction involved the purchase of 1,578 ordinary shares at £5.58 each. Importantly, Vanguard is also making disclosures concerning the International Paper Company in the same context.

No indemnities or arrangements potentially influencing dealings in Smith (DS) plc's securities are reported. Vanguard has also indicated no agreements concerning options or derivatives, affirming transparency in its disclosures. Shawn Acker serves as the contact for further inquiries.

R. H.

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