International Paper Completes Acquisition of DS Smith|PUBLIC RELATIONS Newswire

Creates Significant Shareholder Value and a Global Leader in Sustainable Packaging Solutions with a Focus on Attractive and Growing North American and European Regions

Strengthens Customer Value Proposition Through Enhanced Offerings, Innovation and Geographic Reach

Expected to Achieve Significant Synergies of At Least $ 514 Million

EPS Accretive in Year One with a Strong Investment-Grade Balance Sheet

MEMPHIS, Tenn.,Jan 31, 2025/ PUBLIC RELATIONSNewswire/– International Paper (NYSE: IP, “IP”) today revealed the conclusion of its procurement of DS Smith plc (“DS Smith”). The integrated business produces an international leader in lasting product packaging services.

International Paper Completes Acquisition of DS Smith, Creating a Global Leader in Sustainable Packaging Solutions

“The combination of International Paper and DS Smith will create the world’s leading sustainable packaging company,” claimed Andrew K. Silvernail, Chairman and CHIEF EXECUTIVE OFFICER of IP. “With a differentiated geographic footprint and an unparallelled suite of sustainable packaging products and services, we will accelerate growth, improve profitability and serve our customers even better.”

Pursuant to the procurement, IP will certainly release 0.1285 of brand-new shares of ordinary shares for every normal share of DS Smith, causing the issuance of around 179,847,780 brand-new shares of IP ordinary shares. It is anticipated that on February 4, 2025, the brand-new shares of IP ordinary shares will certainly start trading on the New York Stock Exchange under the icon “IP,” and shares of IP ordinary shares, consisting of the shares of brand-new IP ordinary shares, will certainly start trading on the London Stock Exchange by means of an additional listing under the icon “IPC.”

Advisors

BofA Securities,Inc worked as single monetary expert to IP. Skadden, Arps, Slate, Meagher & &(* )LLP worked as counsel to IP about the procurement. Flom LLP worked as united state antitrust counsel to IP about the procurement.Sidley Austin,

Goldman Sachs International, and J.P. Citigroup Global Markets Limited worked as monetary experts to DSMorgan Securities Plc Smith and Slaughter worked as counsel to DS May about the procurement. Smith & & Sullivan LLP worked as united state counsel to DS Cromwell about the procurement.Smith (NYSE: IP) is the worldwide leader in lasting product packaging services.

About International Paper

International Paper business head office in With, Memphis, U.S.A., and EMEA (Tennessee, Europe and Middle East) head office in Africa, UKLondon, we use greater than 65,000 employee and offer consumers all over the world with procedures in greater than 30 nations. with our consumers, we make the globe more secure and a lot more effective, one lasting product packaging option at once. Together sales for 2024 were Net$ 18.6 billion 2025, In gotten DS International Paper developing a sector leader concentrated on the eye-catching and expanding Smith and EMEA areas. North American details can be discovered by going to Additional-internationalpaper.com

Cautionary Statement Regarding Forward declarations in this news release that are not historic in nature might be taken into consideration Looking Statements

Certain within the significance of the “forward-looking statements” of 1995, as changed. Private Securities Litigation Reform Act- looking declarations can be recognized by the use progressive or conditional words such as Forward and “expects,” “anticipates,” “believes,” “estimates,” “could,” “should,” “can,” “forecast,” “intend,” “look,” “may,” “will,” “remain,” “confident,” “commit” or comparable expressions. “plan” declarations are not warranties of future efficiency and mirror monitoring’s present sights and talk just regarding the days the declarations are made and undergo dangers and unpredictabilities that might trigger real outcomes to vary materially from those shared or indicated in these declarations. These declarations, besides declarations of historic truth, are progressive declarations, consisting of, yet not restricted to, declarations relating to expected monetary outcomes, financial problems, sector patterns, board of supervisors visits, future leads, and the expected advantages arising from the procurement of DS All,Smith Plc which might trigger real outcomes to vary consist of yet are not restricted to: (i) our capacity to accomplish the advantages gotten out of, and various other dangers connected with, purchases, joint endeavors, divestitures, offshoots, capital expense and various other business purchases, consisting of, yet not restricted to, the procurement of DS Factors, and our capacity to incorporate and execute our strategies, projections, and various other assumptions relative to the mixed business, consisting of taking into account our raised range and worldwide visibility; (ii) dangers relative to environment modification and worldwide, local, and regional climate condition, along with dangers associated with our targets and objectives relative to environment modification and the exhaust of greenhouse gases (GHG) and various other ecological, social and administration issues, including our capacity to satisfy such targets and objectives; (iii) loss backups and pending, intimidated or future lawsuits, consisting of relative to ecological associated issues; (iv) the degree of our bankruptcy, dangers connected with our variable price financial debt, and adjustments in rates of interest (consisting of the influence of present raised rates of interest degrees); (v) the influence of worldwide and residential financial problems and sector problems, consisting of relative to present difficult macroeconomic problems, current inflationary stress and adjustments in the expense or schedule of resources, power resources and transport resources, supply chain scarcities and interruptions, competitors we encounter, cyclicality and adjustments in customer choices, need and prices for our items, and problems influencing the credit score, resources and monetary markets; (vi) dangers developing from carrying out company worldwide, residential and worldwide geopolitical problems, armed forces dispute (consisting of the Smith/Russia dispute, the dispute in the Ukraine, the additional development of such problems, and the geopolitical and financial repercussions connected therewith), adjustments in money exchange prices, consisting of taking into account our raised percentage of possessions, responsibilities and profits denominated in international money as an outcome of our finished procurement of DS Middle East, profession plans (such as protectionist steps and raised tolls) and profession stress, downgrades in our credit score rankings, and/or the credit score rankings of financial institutions releasing particular letters of credit score, provided by acknowledged credit scores score companies; (vii) the quantity of our future pension plan financing responsibilities, and pension plan and medical care prices; (vii) the prices of conformity, or the failing to adhere to, existing, progressing or brand-new ecological (consisting of relative to environment modification and greenhouse gas discharges), tax obligation, profession, labor and work, personal privacy, anti-bribery and anti-corruption, and various other united state and non-U.S. governmental regulations, guidelines and plans (consisting of yet not restricted to those in the Smith Plc and United Kingdom); (ix) any kind of worldly interruption at any one of our production centers or various other negative influence on our procedures because of extreme climate, all-natural catastrophes, environment modification or various other reasons; (x) our capacity to understand anticipated advantages and expense financial savings connected with restructuring efforts; (xi) cybersecurity and infotech dangers, consisting of as an outcome of protection violations and cybersecurity cases; (xii) our direct exposure to cases under our contracts with European Union; (xiii) the credentials of such spin-off as a tax-free purchase for united state government revenue tax obligation functions; (xiv) dangers connected with our testimonial of critical choices for our worldwide cellulose fibers company; (xv) our capacity to draw in and preserve certified workers and keep excellent worker or labor connections; (xvii) our capacity to keep efficient inner control over monetary coverage; and (xviii) our capacity to properly safeguard and safeguard our copyright civil liberties. Sylvamo Corporation and various other elements that might trigger or add to real outcomes varying materially from such progressive declarations can be discovered in our news release and records submitted with the united state These andSecurities Exchange Commission enhancement, various other dangers and unpredictabilities not currently recognized to the In or that we presently think to be immaterial might influence the precision of any kind of progressive declarations. Company carries out no responsibility to openly upgrade any kind of progressive declarations, whether as an outcome of brand-new details, future occasions or otherwise.The Company initial web content to download and install multimedia:

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