BRIEF

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

The Vanguard Group: Disclosure of Positions in International Paper Company

The Vanguard Group, Inc. has submitted a Form 8.3, revealing its position and dealings in the securities of International Paper Company. As of January 24, 2025, Vanguard holds 41,380,435 shares of common stock in International Paper, representing an 11.91% interest. The disclosure is pursuant to Rule 8.3 of the Takeover Code, requiring transparency from entities with significant stakes in relevant securities.

The report further details Vanguard's recent transactions involving the purchase and sale of common stock. On record are a purchase of 8,977 shares at $60.09 per unit and sales of 171 and 17,053 shares at $59.19 and $60.09 per unit, respectively. No cash or stock-settled derivatives transactions have been reported in this disclosure. Additionally, Vanguard has declared no indemnity or option arrangements concerning the securities of International Paper.

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