Citadel Group — Major Shareholding Notification 2025

Jan 20, 2025

National Storage Mechanism | Additional information

RNS Number : 9887T

Citadel Group

20 January 2025

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Citadel Group
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	INTERNATIONAL PAPER CO
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	17 January 2025
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	YES DS SMITH PLC

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security: Common Stock	ISIN US4601461035
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	61	0.00	3,706,663	1.06
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	968,600	0.27	515,100	0.14
TOTAL:	968,661	0.27	4,221,763	1.21

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
Common	Buy Transaction	602	56.3914 USD
Common	Buy Transaction	100	56.4100 USD
Common	Buy Transaction	4	56.4700 USD
Common	Buy Transaction	120	56.4708 USD
Common	Buy Transaction	1	56.5000 USD
Common	Buy Transaction	37	56.5241 USD
Common	Buy Transaction	200	56.5350 USD
Common	Buy Transaction	32,640	56.5500 USD
Common	Buy Transaction	238	56.6120 USD
Common	Buy Transaction	218	56.6179 USD
Common	Buy Transaction	4	56.6375 USD
Common	Buy Transaction	6,357	56.6722 USD
Common	Buy Transaction	1,103	56.6746 USD
Common	Buy Transaction	1,244	56.6747 USD
Common	Buy Transaction	238	56.6800 USD
Common	Buy Transaction	38	56.6816 USD
Common	Buy Transaction	202	56.6900 USD
Common	Buy Transaction	95	56.7000 USD
Common	Buy Transaction	5	56.7100 USD
Common	Buy Transaction	1,982	56.7166 USD
Common	Buy Transaction	215	56.7200 USD
Common	Buy Transaction	172	56.7244 USD
Common	Buy Transaction	1,866	56.7261 USD
Common	Buy Transaction	3,558	56.7297 USD
Common	Buy Transaction	100	56.7303 USD
Common	Buy Transaction	23	56.7335 USD
Common	Buy Transaction	300	56.7364 USD
Common	Buy Transaction	950	56.7378 USD
Common	Buy Transaction	23	56.7400 USD
Common	Buy Transaction	201	56.7401 USD
Common	Buy Transaction	2,835	56.7408 USD
Common	Buy Transaction	390	56.7422 USD
Common	Buy Transaction	1,449	56.7423 USD
Common	Buy Transaction	6,151	56.7426 USD
Common	Buy Transaction	13,401	56.7431 USD
Common	Buy Transaction	8,242	56.7439 USD
Common	Buy Transaction	10,075	56.7443 USD
Common	Buy Transaction	203	56.7457 USD
Common	Buy Transaction	123	56.7484 USD
Common	Buy Transaction	1,777	56.7491 USD
Common	Buy Transaction	1,179	56.7494 USD
Common	Buy Transaction	194	56.7500 USD
Common	Buy Transaction	61	56.7515 USD
Common	Buy Transaction	376	56.7522 USD
Common	Buy Transaction	5,682	56.7525 USD
Common	Buy Transaction	4,576	56.7543 USD
Common	Buy Transaction	568	56.7548 USD
Common	Buy Transaction	4,469	56.7553 USD
Common	Buy Transaction	210	56.7557 USD
Common	Buy Transaction	2,039	56.7558 USD
Common	Buy Transaction	418	56.7566 USD
Common	Buy Transaction	429	56.7567 USD
Common	Buy Transaction	41	56.7568 USD
Common	Buy Transaction	114	56.7574 USD
Common	Buy Transaction	153	56.7592 USD
Common	Buy Transaction	10	56.7600 USD
Common	Buy Transaction	527	56.7607 USD
Common	Buy Transaction	109	56.7607 USD
Common	Buy Transaction	32	56.7609 USD
Common	Buy Transaction	143	56.7615 USD
Common	Buy Transaction	193	56.7624 USD
Common	Buy Transaction	1,731	56.7626 USD
Common	Buy Transaction	4,627	56.7632 USD
Common	Buy Transaction	2,184	56.7633 USD
Common	Buy Transaction	25	56.7648 USD
Common	Buy Transaction	1,368	56.7651 USD
Common	Buy Transaction	1,004	56.7662 USD
Common	Buy Transaction	3,086	56.7684 USD
Common	Buy Transaction	1,948	56.7698 USD
Common	Buy Transaction	1,084	56.7700 USD
Common	Buy Transaction	704	56.7708 USD
Common	Buy Transaction	203	56.7714 USD
Common	Buy Transaction	33	56.7739 USD
Common	Buy Transaction	2,062	56.7742 USD
Common	Buy Transaction	27	56.7744 USD
Common	Buy Transaction	5,799	56.7745 USD
Common	Buy Transaction	1,634	56.7747 USD
Common	Buy Transaction	1,321	56.7748 USD
Common	Buy Transaction	45	56.7758 USD
Common	Buy Transaction	787	56.7764 USD
Common	Buy Transaction	175	56.7770 USD
Common	Buy Transaction	3,140	56.7787 USD
Common	Buy Transaction	25	56.7794 USD
Common	Buy Transaction	189	56.7794 USD
Common	Buy Transaction	5,153	56.7798 USD
Common	Buy Transaction	1	56.7800 USD
Common	Buy Transaction	1,362	56.7803 USD
Common	Buy Transaction	8	56.7812 USD
Common	Buy Transaction	329	56.7813 USD
Common	Buy Transaction	647	56.7814 USD
Common	Buy Transaction	161	56.7825 USD
Common	Buy Transaction	202	56.7843 USD
Common	Buy Transaction	479	56.7863 USD
Common	Buy Transaction	229	56.7875 USD
Common	Buy Transaction	3,030	56.7876 USD
Common	Buy Transaction	962	56.7881 USD
Common	Buy Transaction	4	56.7893 USD
Common	Buy Transaction	1	56.7900 USD
Common	Buy Transaction	15	56.7920 USD
Common	Buy Transaction	3,460	56.7964 USD
Common	Buy Transaction	64	56.7977 USD
Common	Buy Transaction	423	56.7993 USD
Common	Buy Transaction	64	56.8000 USD
Common	Buy Transaction	425	56.8017 USD
Common	Buy Transaction	723	56.8019 USD
Common	Buy Transaction	124	56.8023 USD
Common	Buy Transaction	10	56.8050 USD
Common	Buy Transaction	970	56.8063 USD
Common	Buy Transaction	3,303	56.8064 USD
Common	Buy Transaction	6	56.8067 USD
Common	Buy Transaction	545	56.8092 USD
Common	Buy Transaction	192	56.8125 USD
Common	Buy Transaction	625	56.8165 USD
Common	Buy Transaction	237	56.8170 USD
Common	Buy Transaction	1,864	56.8173 USD
Common	Buy Transaction	1,076	56.8197 USD
Common	Buy Transaction	480	56.8200 USD
Common	Buy Transaction	203	56.8217 USD
Common	Buy Transaction	133	56.8226 USD
Common	Buy Transaction	433	56.8230 USD
Common	Buy Transaction	2,014	56.8245 USD
Common	Buy Transaction	3,860	56.8252 USD
Common	Buy Transaction	268	56.8254 USD
Common	Buy Transaction	811	56.8265 USD
Common	Buy Transaction	1,173	56.8268 USD
Common	Buy Transaction	811	56.8269 USD
Common	Buy Transaction	1,275	56.8271 USD
Common	Buy Transaction	412	56.8290 USD
Common	Buy Transaction	161	56.8300 USD
Common	Buy Transaction	18	56.8306 USD
Common	Buy Transaction	11	56.8309 USD
Common	Buy Transaction	159	56.8321 USD
Common	Buy Transaction	225	56.8330 USD
Common	Buy Transaction	701	56.8358 USD
Common	Buy Transaction	1,497	56.8367 USD
Common	Buy Transaction	632	56.8369 USD
Common	Buy Transaction	592	56.8382 USD
Common	Buy Transaction	221	56.8400 USD
Common	Buy Transaction	46	56.8402 USD
Common	Buy Transaction	961	56.8419 USD
Common	Buy Transaction	452	56.8422 USD
Common	Buy Transaction	3,477	56.8439 USD
Common	Buy Transaction	1,000	56.8449 USD
Common	Buy Transaction	1,805	56.8469 USD
Common	Buy Transaction	78	56.8485 USD
Common	Buy Transaction	27	56.8500 USD
Common	Buy Transaction	529	56.8550 USD
Common	Buy Transaction	448	56.8586 USD
Common	Buy Transaction	1	56.8600 USD
Common	Buy Transaction	727	56.8677 USD
Common	Buy Transaction	446	56.8700 USD
Common	Buy Transaction	300	56.8800 USD
Common	Buy Transaction	700	56.8829 USD
Common	Buy Transaction	13	56.8854 USD
Common	Buy Transaction	1	56.8900 USD
Common	Buy Transaction	210	56.9200 USD
Common	Buy Transaction	60,641	56.9300 USD
Common	DVP Transaction	2,720	56.5500 USD
Common	DVP Transaction	31	56.5565 USD
Common	DVP Transaction	100	56.6800 USD
Common	DVP Transaction	6	56.7200 USD
Common	DVP Transaction	100	56.7250 USD
Common	DVP Transaction	278	56.7290 USD
Common	DVP Transaction	319	56.7310 USD
Common	DVP Transaction	994	56.7387 USD
Common	DVP Transaction	10	56.7400 USD
Common	DVP Transaction	101	56.7500 USD
Common	DVP Transaction	3	56.7533 USD
Common	DVP Transaction	6	56.7550 USD
Common	DVP Transaction	1	56.7600 USD
Common	DVP Transaction	395	56.7674 USD
Common	DVP Transaction	507	56.7686 USD
Common	DVP Transaction	456	56.7746 USD
Common	DVP Transaction	830	56.7784 USD
Common	DVP Transaction	190	56.7800 USD
Common	DVP Transaction	400	56.7837 USD
Common	DVP Transaction	709	56.7846 USD
Common	DVP Transaction	402	56.7876 USD
Common	DVP Transaction	211	56.7877 USD
Common	DVP Transaction	1,306	56.7897 USD
Common	DVP Transaction	302	56.7953 USD
Common	DVP Transaction	30	56.8133 USD
Common	DVP Transaction	79	56.8227 USD
Common	DVP Transaction	100	56.8300 USD
Common	DVP Transaction	19	56.8411 USD
Common	DVP Transaction	16,600	56.8436 USD
Common	DVP Transaction	16	56.8475 USD
Common	DVP Transaction	10	56.8500 USD
Common	DVP Transaction	10	56.8550 USD
Common	DVP Transaction	20	56.8575 USD
Common	DVP Transaction	109	56.8768 USD
Common	DVP Transaction	74	56.8950 USD
Common	DVP Transaction	1,215	56.9253 USD
Common	DVP Transaction	52,289	56.9300 USD
Common	DVP Transaction	18	56.9400 USD
Common	DVP Transaction	44	56.9450 USD
Common	DVP Transaction	6	56.9500 USD
Common	DVP Transaction	2	57.0000 USD
Common	RVP Transaction	13	56.4100 USD
Common	RVP Transaction	15	56.4800 USD
Common	RVP Transaction	2,457	56.5500 USD
Common	RVP Transaction	38	56.5553 USD
Common	RVP Transaction	8	56.5600 USD
Common	RVP Transaction	307	56.5946 USD
Common	RVP Transaction	45	56.6600 USD
Common	RVP Transaction	30	56.6700 USD
Common	RVP Transaction	131	56.6800 USD
Common	RVP Transaction	1	56.7000 USD
Common	RVP Transaction	15	56.7200 USD
Common	RVP Transaction	15	56.7300 USD
Common	RVP Transaction	15	56.7453 USD
Common	RVP Transaction	46	56.7500 USD
Common	RVP Transaction	18	56.7528 USD
Common	RVP Transaction	45	56.7553 USD
Common	RVP Transaction	61	56.7600 USD
Common	RVP Transaction	30	56.7700 USD
Common	RVP Transaction	6,208	56.7746 USD
Common	RVP Transaction	30	56.7800 USD
Common	RVP Transaction	1,000	56.7900 USD
Common	RVP Transaction	75	56.8000 USD
Common	RVP Transaction	15	56.8053 USD
Common	RVP Transaction	5	56.8100 USD
Common	RVP Transaction	101	56.8197 USD
Common	RVP Transaction	200	56.8200 USD
Common	RVP Transaction	16	56.8300 USD
Common	RVP Transaction	5,373	56.8362 USD
Common	RVP Transaction	2,419	56.8396 USD
Common	RVP Transaction	31	56.8400 USD
Common	RVP Transaction	275	56.8455 USD
Common	RVP Transaction	701	56.8457 USD
Common	RVP Transaction	531	56.8458 USD
Common	RVP Transaction	1,663	56.8480 USD
Common	RVP Transaction	1,994	56.8497 USD
Common	RVP Transaction	1,015	56.8500 USD
Common	RVP Transaction	14	56.8514 USD
Common	RVP Transaction	675	56.8519 USD
Common	RVP Transaction	140	56.8536 USD
Common	RVP Transaction	1,645	56.8549 USD
Common	RVP Transaction	15	56.8700 USD
Common	RVP Transaction	15	56.8900 USD
Common	RVP Transaction	74	56.8950 USD
Common	RVP Transaction	1	56.9000 USD
Common	RVP Transaction	53,453	56.9300 USD
Common	RVP Transaction	44	56.9450 USD
Common	Sell Transaction	100	56.3300 USD
Common	Sell Transaction	390	56.3600 USD
Common	Sell Transaction	1	56.4500 USD
Common	Sell Transaction	100	56.4600 USD
Common	Sell Transaction	315	56.4712 USD
Common	Sell Transaction	400	56.5000 USD
Common	Sell Transaction	319	56.5371 USD
Common	Sell Transaction	172	56.5811 USD
Common	Sell Transaction	100	56.5950 USD
Common	Sell Transaction	301	56.6009 USD
Common	Sell Transaction	112	56.6088 USD
Common	Sell Transaction	200	56.6500 USD
Common	Sell Transaction	33	56.6527 USD
Common	Sell Transaction	106	56.6600 USD
Common	Sell Transaction	378	56.6629 USD
Common	Sell Transaction	1	56.6700 USD
Common	Sell Transaction	676	56.6719 USD
Common	Sell Transaction	295	56.6739 USD
Common	Sell Transaction	300	56.6767 USD
Common	Sell Transaction	12	56.6846 USD
Common	Sell Transaction	200	56.6850 USD
Common	Sell Transaction	410	56.6851 USD
Common	Sell Transaction	407	56.6861 USD
Common	Sell Transaction	203	56.6863 USD
Common	Sell Transaction	620	56.6868 USD
Common	Sell Transaction	1,413	56.6869 USD
Common	Sell Transaction	309	56.6900 USD
Common	Sell Transaction	612	56.6902 USD
Common	Sell Transaction	2,900	56.6910 USD
Common	Sell Transaction	11	56.6945 USD
Common	Sell Transaction	766	56.6964 USD
Common	Sell Transaction	1,026	56.6968 USD
Common	Sell Transaction	467	56.7055 USD
Common	Sell Transaction	417	56.7100 USD
Common	Sell Transaction	501	56.7100 USD
Common	Sell Transaction	1,546	56.7123 USD
Common	Sell Transaction	433	56.7128 USD
Common	Sell Transaction	709	56.7138 USD
Common	Sell Transaction	771	56.7144 USD
Common	Sell Transaction	25	56.7148 USD
Common	Sell Transaction	600	56.7156 USD
Common	Sell Transaction	1,599	56.7158 USD
Common	Sell Transaction	1,442	56.7165 USD
Common	Sell Transaction	1,488	56.7166 USD
Common	Sell Transaction	310	56.7205 USD
Common	Sell Transaction	83	56.7212 USD
Common	Sell Transaction	35	56.7214 USD
Common	Sell Transaction	647	56.7219 USD
Common	Sell Transaction	104	56.7230 USD
Common	Sell Transaction	459	56.7237 USD
Common	Sell Transaction	1,977	56.7245 USD
Common	Sell Transaction	3,038	56.7274 USD
Common	Sell Transaction	103	56.7300 USD
Common	Sell Transaction	176	56.7336 USD
Common	Sell Transaction	1,944	56.7339 USD
Common	Sell Transaction	101	56.7350 USD
Common	Sell Transaction	276	56.7368 USD
Common	Sell Transaction	234	56.7393 USD
Common	Sell Transaction	517	56.7400 USD
Common	Sell Transaction	2,309	56.7402 USD
Common	Sell Transaction	4,708	56.7414 USD
Common	Sell Transaction	754	56.7415 USD
Common	Sell Transaction	223	56.7434 USD
Common	Sell Transaction	39	56.7438 USD
Common	Sell Transaction	176	56.7439 USD
Common	Sell Transaction	7,168	56.7446 USD
Common	Sell Transaction	103	56.7452 USD
Common	Sell Transaction	103	56.7454 USD
Common	Sell Transaction	1,173	56.7456 USD
Common	Sell Transaction	16	56.7463 USD
Common	Sell Transaction	174	56.7482 USD
Common	Sell Transaction	55	56.7487 USD
Common	Sell Transaction	8	56.7488 USD
Common	Sell Transaction	3,823	56.7489 USD
Common	Sell Transaction	322	56.7489 USD
Common	Sell Transaction	201	56.7500 USD
Common	Sell Transaction	700	56.7514 USD
Common	Sell Transaction	100	56.7516 USD
Common	Sell Transaction	2,631	56.7517 USD
Common	Sell Transaction	6,747	56.7525 USD
Common	Sell Transaction	204	56.7525 USD
Common	Sell Transaction	7,248	56.7537 USD
Common	Sell Transaction	449	56.7542 USD
Common	Sell Transaction	4,864	56.7554 USD
Common	Sell Transaction	210	56.7557 USD
Common	Sell Transaction	258	56.7557 USD
Common	Sell Transaction	140	56.7578 USD
Common	Sell Transaction	300	56.7580 USD
Common	Sell Transaction	100	56.7586 USD
Common	Sell Transaction	456	56.7600 USD
Common	Sell Transaction	755	56.7605 USD
Common	Sell Transaction	251	56.7614 USD
Common	Sell Transaction	687	56.7619 USD
Common	Sell Transaction	3,042	56.7620 USD
Common	Sell Transaction	1,098	56.7621 USD
Common	Sell Transaction	227	56.7632 USD
Common	Sell Transaction	100	56.7646 USD
Common	Sell Transaction	10,679	56.7652 USD
Common	Sell Transaction	1,474	56.7653 USD
Common	Sell Transaction	813	56.7657 USD
Common	Sell Transaction	50	56.7660 USD
Common	Sell Transaction	3,395	56.7666 USD
Common	Sell Transaction	5,195	56.7668 USD
Common	Sell Transaction	45	56.7691 USD
Common	Sell Transaction	1,161	56.7697 USD
Common	Sell Transaction	1,217	56.7700 USD
Common	Sell Transaction	64	56.7702 USD
Common	Sell Transaction	37	56.7714 USD
Common	Sell Transaction	2,949	56.7720 USD
Common	Sell Transaction	100	56.7721 USD
Common	Sell Transaction	174	56.7722 USD
Common	Sell Transaction	1,602	56.7733 USD
Common	Sell Transaction	328	56.7738 USD
Common	Sell Transaction	40	56.7743 USD
Common	Sell Transaction	100	56.7747 USD
Common	Sell Transaction	1,213	56.7749 USD
Common	Sell Transaction	100	56.7754 USD
Common	Sell Transaction	11,229	56.7762 USD
Common	Sell Transaction	275	56.7766 USD
Common	Sell Transaction	150	56.7767 USD
Common	Sell Transaction	1,714	56.7767 USD
Common	Sell Transaction	4	56.7775 USD
Common	Sell Transaction	6,114	56.7780 USD
Common	Sell Transaction	449	56.7784 USD
Common	Sell Transaction	498	56.7788 USD
Common	Sell Transaction	505	56.7788 USD
Common	Sell Transaction	50	56.7794 USD
Common	Sell Transaction	181	56.7800 USD
Common	Sell Transaction	1,247	56.7804 USD
Common	Sell Transaction	625	56.7825 USD
Common	Sell Transaction	10,430	56.7831 USD
Common	Sell Transaction	392	56.7840 USD
Common	Sell Transaction	82	56.7841 USD
Common	Sell Transaction	2,816	56.7849 USD
Common	Sell Transaction	34	56.7850 USD
Common	Sell Transaction	144	56.7858 USD
Common	Sell Transaction	47	56.7864 USD
Common	Sell Transaction	2,432	56.7868 USD
Common	Sell Transaction	219	56.7870 USD
Common	Sell Transaction	2,318	56.7879 USD
Common	Sell Transaction	805	56.7881 USD
Common	Sell Transaction	400	56.7883 USD
Common	Sell Transaction	1,618	56.7887 USD
Common	Sell Transaction	825	56.7891 USD
Common	Sell Transaction	4	56.7893 USD
Common	Sell Transaction	4	56.7900 USD
Common	Sell Transaction	2,882	56.7920 USD
Common	Sell Transaction	800	56.7925 USD
Common	Sell Transaction	900	56.7933 USD
Common	Sell Transaction	51	56.7943 USD
Common	Sell Transaction	162	56.7950 USD
Common	Sell Transaction	1,196	56.7986 USD
Common	Sell Transaction	2,877	56.7987 USD
Common	Sell Transaction	71	56.8000 USD
Common	Sell Transaction	501	56.8004 USD
Common	Sell Transaction	5,595	56.8006 USD
Common	Sell Transaction	189	56.8006 USD
Common	Sell Transaction	607	56.8007 USD
Common	Sell Transaction	1,393	56.8030 USD
Common	Sell Transaction	615	56.8046 USD
Common	Sell Transaction	1,418	56.8052 USD
Common	Sell Transaction	273	56.8070 USD
Common	Sell Transaction	325	56.8077 USD
Common	Sell Transaction	318	56.8080 USD
Common	Sell Transaction	387	56.8084 USD
Common	Sell Transaction	172	56.8100 USD
Common	Sell Transaction	117	56.8102 USD
Common	Sell Transaction	10,524	56.8131 USD
Common	Sell Transaction	44	56.8141 USD
Common	Sell Transaction	676	56.8144 USD
Common	Sell Transaction	3,003	56.8155 USD
Common	Sell Transaction	1,100	56.8164 USD
Common	Sell Transaction	148	56.8168 USD
Common	Sell Transaction	3,369	56.8173 USD
Common	Sell Transaction	45	56.8178 USD
Common	Sell Transaction	1,213	56.8183 USD
Common	Sell Transaction	2,008	56.8185 USD
Common	Sell Transaction	11	56.8200 USD
Common	Sell Transaction	2,537	56.8228 USD
Common	Sell Transaction	296	56.8230 USD
Common	Sell Transaction	159	56.8232 USD
Common	Sell Transaction	124	56.8266 USD
Common	Sell Transaction	2,565	56.8275 USD
Common	Sell Transaction	1,481	56.8284 USD
Common	Sell Transaction	634	56.8300 USD
Common	Sell Transaction	205	56.8301 USD
Common	Sell Transaction	16,323	56.8327 USD
Common	Sell Transaction	100	56.8328 USD
Common	Sell Transaction	100	56.8333 USD
Common	Sell Transaction	100	56.8345 USD
Common	Sell Transaction	99	56.8351 USD
Common	Sell Transaction	828	56.8368 USD
Common	Sell Transaction	10	56.8370 USD
Common	Sell Transaction	100	56.8382 USD
Common	Sell Transaction	33	56.8391 USD
Common	Sell Transaction	81	56.8393 USD
Common	Sell Transaction	100	56.8395 USD
Common	Sell Transaction	400	56.8396 USD
Common	Sell Transaction	2,585	56.8396 USD
Common	Sell Transaction	65	56.8397 USD
Common	Sell Transaction	605	56.8400 USD
Common	Sell Transaction	200	56.8411 USD
Common	Sell Transaction	200	56.8415 USD
Common	Sell Transaction	1,412	56.8418 USD
Common	Sell Transaction	21	56.8433 USD
Common	Sell Transaction	42	56.8440 USD
Common	Sell Transaction	4,499	56.8457 USD
Common	Sell Transaction	232	56.8464 USD
Common	Sell Transaction	4,051	56.8464 USD
Common	Sell Transaction	700	56.8464 USD
Common	Sell Transaction	31,100	56.8484 USD
Common	Sell Transaction	268	56.8492 USD
Common	Sell Transaction	2,057	56.8496 USD
Common	Sell Transaction	1,692	56.8498 USD
Common	Sell Transaction	1,930	56.8500 USD
Common	Sell Transaction	28	56.8536 USD
Common	Sell Transaction	147	56.8547 USD
Common	Sell Transaction	905	56.8596 USD
Common	Sell Transaction	200	56.8600 USD
Common	Sell Transaction	321	56.8663 USD
Common	Sell Transaction	408	56.8684 USD
Common	Sell Transaction	75	56.8700 USD
Common	Sell Transaction	87	56.8800 USD
Common	Sell Transaction	775	56.8828 USD
Common	Sell Transaction	1,721	56.8900 USD
Common	Sell Transaction	443	56.8935 USD
Common	Sell Transaction	80	56.8950 USD
Common	Sell Transaction	13	56.9000 USD
Common	Sell Transaction	17	56.9071 USD
Common	Sell Transaction	417	56.9104 USD
Common	Sell Transaction	500	56.9140 USD
Common	Sell Transaction	101	56.9186 USD
Common	Sell Transaction	72	56.9193 USD
Common	Sell Transaction	513	56.9200 USD
Common	Sell Transaction	26,703	56.9235 USD
Common	Sell Transaction	68,123	56.9300 USD
Common	Sell Transaction	400	56.9318 USD
Common	Sell Transaction	125	56.9382 USD
Common	Sell Transaction	200	56.9390 USD
Common	Sell Transaction	1,400	56.9400 USD
Common	Sell Transaction	716	56.9450 USD
Common	Sell Transaction	400	56.9475 USD
Common	Sell Transaction	854	56.9500 USD

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
Common	Put Option	Buy Transaction	1	55.0000 USD	American	2025-Jan-24	0.1400 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Jan-24	0.1700 USD
Common	Call Option	Buy Transaction	365	58.0000 USD	American	2025-Jan-24	0.2000 USD
Common	Put Option	Buy Transaction	1	52.0000 USD	American	2025-Jan-31	0.2500 USD
Common	Put Option	Buy Transaction	5	50.0000 USD	American	2025-Feb-21	0.3000 USD
Common	Call Option	Buy Transaction	2	61.0000 USD	American	2025-Jan-31	0.3200 USD
Common	Put Option	Buy Transaction	2	49.0000 USD	American	2025-Feb-28	0.3200 USD
Common	Call Option	Buy Transaction	10	62.5000 USD	American	2025-Feb-21	0.3500 USD
Common	Put Option	Buy Transaction	1	52.0000 USD	American	2025-Feb-07	0.3700 USD
Common	Put Option	Buy Transaction	1	56.0000 USD	American	2025-Jan-24	0.4000 USD
Common	Put Option	Buy Transaction	1	53.0000 USD	American	2025-Jan-31	0.4200 USD
Common	Call Option	Buy Transaction	2	57.0000 USD	American	2025-Jan-24	0.5800 USD
Common	Call Option	Buy Transaction	1	61.0000 USD	American	2025-Feb-28	0.6500 USD
Common	Put Option	Buy Transaction	1	54.0000 USD	American	2025-Feb-07	0.7200 USD
Common	Put Option	Buy Transaction	2	57.0000 USD	American	2025-Jan-24	0.8000 USD
Common	Put Option	Buy Transaction	1	54.0000 USD	American	2025-Feb-07	0.8000 USD
Common	Put Option	Buy Transaction	1	57.0000 USD	American	2025-Jan-24	0.8500 USD
Common	Call Option	Buy Transaction	218	60.0000 USD	American	2025-Feb-21	0.8500 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Feb-21	0.8800 USD
Common	Call Option	Buy Transaction	10	60.0000 USD	American	2025-Feb-21	0.9000 USD
Common	Put Option	Buy Transaction	1	55.0000 USD	American	2025-Jan-31	0.9200 USD
Common	Put Option	Buy Transaction	1	52.5000 USD	American	2025-Mar-21	0.9500 USD
Common	Put Option	Buy Transaction	1	55.0000 USD	American	2025-Feb-07	1.0000 USD
Common	Put Option	Buy Transaction	3	56.0000 USD	American	2025-Jan-31	1.1200 USD
Common	Call Option	Buy Transaction	10	56.0000 USD	American	2025-Jan-24	1.1400 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Mar-21	1.2000 USD
Common	Put Option	Buy Transaction	1	56.0000 USD	American	2025-Feb-07	1.3000 USD
Common	Put Option	Buy Transaction	6	55.0000 USD	American	2025-Feb-21	1.3500 USD
Common	Put Option	Buy Transaction	1	55.0000 USD	American	2025-Feb-21	1.4600 USD
Common	Put Option	Buy Transaction	2	55.0000 USD	American	2025-Feb-28	1.4900 USD
Common	Call Option	Buy Transaction	1	57.0000 USD	American	2025-Jan-31	1.5500 USD
Common	Call Option	Buy Transaction	1	57.0000 USD	American	2025-Feb-07	1.7200 USD
Common	Call Option	Buy Transaction	2	55.0000 USD	American	2025-Jan-24	1.7500 USD
Common	Call Option	Buy Transaction	1	57.5000 USD	American	2025-Feb-21	1.7500 USD
Common	Call Option	Buy Transaction	1	57.5000 USD	American	2025-Feb-21	1.7700 USD
Common	Put Option	Buy Transaction	1	57.0000 USD	American	2025-Feb-07	1.7900 USD
Common	Call Option	Buy Transaction	2	60.0000 USD	American	2025-Apr-17	1.8000 USD
Common	Call Option	Buy Transaction	1	57.5000 USD	American	2025-Feb-21	1.8000 USD
Common	Call Option	Buy Transaction	1	56.0000 USD	American	2025-Jan-31	1.8700 USD
Common	Call Option	Buy Transaction	9	55.0000 USD	American	2025-Jan-24	1.9000 USD
Common	Call Option	Buy Transaction	2	57.0000 USD	American	2025-Feb-28	1.9000 USD
Common	Call Option	Buy Transaction	2	56.0000 USD	American	2025-Jan-31	1.9800 USD
Common	Call Option	Buy Transaction	1	56.0000 USD	American	2025-Jan-31	2.0200 USD
Common	Call Option	Buy Transaction	1	55.0000 USD	American	2025-Jan-24	2.0500 USD
Common	Call Option	Buy Transaction	1	56.0000 USD	American	2025-Jan-31	2.0900 USD
Common	Call Option	Buy Transaction	4	56.0000 USD	American	2025-Jan-31	2.1000 USD
Common	Put Option	Buy Transaction	1	57.5000 USD	American	2025-Feb-21	2.4500 USD
Common	Put Option	Buy Transaction	10	57.5000 USD	American	2025-Feb-21	2.5500 USD
Common	Put Option	Buy Transaction	3	57.5000 USD	American	2025-Feb-21	2.6000 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Jun-20	2.7000 USD
Common	Call Option	Buy Transaction	5	65.0000 USD	American	2026-Jan-16	2.8500 USD
Common	Call Option	Buy Transaction	2	55.0000 USD	American	2025-Feb-21	3.0000 USD
Common	Call Option	Buy Transaction	2	55.0000 USD	American	2025-Feb-21	3.1500 USD
Common	Call Option	Buy Transaction	1	55.0000 USD	American	2025-Feb-21	3.2000 USD
Common	Call Option	Buy Transaction	5	53.0000 USD	American	2025-Feb-07	4.4000 USD
Common	Call Option	Buy Transaction	1	52.5000 USD	American	2025-Feb-21	4.9000 USD
Common	Call Option	Buy Transaction	1	52.5000 USD	American	2025-Feb-21	5.0500 USD
Common	Call Option	Buy Transaction	1	52.0000 USD	American	2025-Jan-31	5.0700 USD
Common	Call Option	Buy Transaction	2	52.5000 USD	American	2025-Apr-17	5.7300 USD
Common	Call Option	Buy Transaction	20	50.0000 USD	American	2026-Jan-16	10.0000 USD
Common	Call Option	Buy Transaction	2	40.0000 USD	American	2025-Jun-20	17.1000 USD
Common	Put Option	Sell Transaction	1	54.0000 USD	American	2025-Jan-24	0.1000 USD
Common	Put Option	Sell Transaction	3	47.5000 USD	American	2025-Feb-21	0.1500 USD
Common	Put Option	Sell Transaction	4	55.0000 USD	American	2025-Jan-24	0.1700 USD
Common	Put Option	Sell Transaction	46	55.0000 USD	American	2025-Jan-24	0.2000 USD
Common	Call Option	Sell Transaction	48	65.0000 USD	American	2025-Feb-21	0.2000 USD
Common	Call Option	Sell Transaction	4	58.0000 USD	American	2025-Jan-24	0.2500 USD
Common	Call Option	Sell Transaction	4	58.0000 USD	American	2025-Jan-24	0.2800 USD
Common	Call Option	Sell Transaction	15	58.0000 USD	American	2025-Jan-24	0.3000 USD
Common	Call Option	Sell Transaction	1	62.0000 USD	American	2025-Feb-28	0.4000 USD
Common	Put Option	Sell Transaction	1	50.0000 USD	American	2025-Mar-21	0.4100 USD
Common	Call Option	Sell Transaction	1	60.0000 USD	American	2025-Jan-31	0.5500 USD
Common	Put Option	Sell Transaction	1	53.0000 USD	American	2025-Feb-07	0.5500 USD
Common	Put Option	Sell Transaction	2	35.0000 USD	American	2026-Jan-16	0.6000 USD
Common	Call Option	Sell Transaction	5	57.0000 USD	American	2025-Jan-24	0.6000 USD
Common	Put Option	Sell Transaction	1	54.0000 USD	American	2025-Jan-31	0.6000 USD
Common	Call Option	Sell Transaction	5	57.0000 USD	American	2025-Jan-24	0.6200 USD
Common	Put Option	Sell Transaction	1	57.0000 USD	American	2025-Jan-24	0.7000 USD
Common	Put Option	Sell Transaction	48	52.5000 USD	American	2025-Feb-21	0.7000 USD
Common	Call Option	Sell Transaction	1	60.0000 USD	American	2025-Feb-07	0.7400 USD
Common	Put Option	Sell Transaction	2	37.5000 USD	American	2026-Jan-16	0.8000 USD
Common	Put Option	Sell Transaction	1	53.0000 USD	American	2025-Feb-28	0.9900 USD
Common	Put Option	Sell Transaction	2	52.5000 USD	American	2025-Mar-21	1.0500 USD
Common	Put Option	Sell Transaction	2	47.5000 USD	American	2025-Jul-18	1.1500 USD
Common	Call Option	Sell Transaction	2	56.0000 USD	American	2025-Jan-24	1.1500 USD
Common	Call Option	Sell Transaction	2	60.0000 USD	American	2025-Mar-21	1.3000 USD
Common	Put Option	Sell Transaction	1	57.0000 USD	American	2025-Jan-31	1.6000 USD
Common	Call Option	Sell Transaction	1	60.0000 USD	American	2025-Apr-17	1.7700 USD
Common	Call Option	Sell Transaction	1	57.0000 USD	American	2025-Feb-07	1.8000 USD
Common	Call Option	Sell Transaction	9	56.0000 USD	American	2025-Jan-31	2.1000 USD
Common	Put Option	Sell Transaction	2	55.0000 USD	American	2025-Apr-17	2.2000 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Apr-17	2.2500 USD
Common	Call Option	Sell Transaction	2	56.0000 USD	American	2025-Feb-07	2.3000 USD
Common	Call Option	Sell Transaction	2	57.5000 USD	American	2025-Mar-21	2.3000 USD
Common	Call Option	Sell Transaction	1	60.0000 USD	American	2025-Jun-20	2.7000 USD
Common	Call Option	Sell Transaction	3	57.5000 USD	American	2025-Apr-17	2.8000 USD
Common	Put Option	Sell Transaction	2	52.5000 USD	American	2025-Sep-19	2.9000 USD
Common	Put Option	Sell Transaction	2	50.0000 USD	American	2026-Jan-16	3.0000 USD
Common	Call Option	Sell Transaction	4	55.0000 USD	American	2025-Feb-21	3.0000 USD
Common	Call Option	Sell Transaction	2	55.0000 USD	American	2025-Feb-21	3.1800 USD
Common	Call Option	Sell Transaction	14	55.0000 USD	American	2025-Feb-21	3.2000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2025-Feb-21	3.2500 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2025-Feb-21	3.3000 USD
Common	Call Option	Sell Transaction	2	54.0000 USD	American	2025-Jan-31	3.3700 USD
Common	Put Option	Sell Transaction	4	57.5000 USD	American	2025-Apr-17	3.4000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2025-Mar-21	3.5000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2025-Mar-21	3.6000 USD
Common	Call Option	Sell Transaction	4	55.0000 USD	American	2025-Mar-21	3.6800 USD
Common	Call Option	Sell Transaction	3	54.0000 USD	American	2025-Feb-28	3.8000 USD
Common	Call Option	Sell Transaction	20	54.0000 USD	American	2025-Feb-14	3.9000 USD
Common	Call Option	Sell Transaction	2	52.5000 USD	American	2025-Feb-21	4.8000 USD
Common	Call Option	Sell Transaction	1	52.5000 USD	American	2025-Feb-21	5.1000 USD
Common	Call Option	Sell Transaction	3	52.5000 USD	American	2025-Apr-17	5.7500 USD

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"
None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"
None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?	YES

Date of disclosure:	20 January 2025
Contact name:	Paula Santos
Telephone number*:	020 7645 9700

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.         KEY INFORMATION

Full name of person making disclosure:	Citadel Group
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	INTERNATIONAL PAPER CO

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
Common	Call Option	Purchased	5,600	55.0 USD	American	24/01/2025
Common	Put Option	Purchased	-1,300	53.0 USD	American	24/01/2025
Common	Put Option	Purchased	-500	37.5 USD	American	20/06/2025
Common	Put Option	Purchased	-2,400	45.0 USD	American	19/09/2025
Common	Call Option	Purchased	800	40.0 USD	American	15/01/2027
Common	Put Option	Purchased	-200	55.0 USD	American	31/01/2025
Common	Put Option	Purchased	-1,000	35.0 USD	American	17/10/2025
Common	Call Option	Purchased	3,900	60.0 USD	American	20/06/2025
Common	Call Option	Purchased	5,900	37.5 USD	American	16/01/2026
Common	Call Option	Purchased	3,600	70.0 USD	American	20/06/2025
Common	Call Option	Purchased	400	56.0 USD	American	28/02/2025
Common	Call Option	Purchased	900	52.5 USD	American	15/01/2027
Common	Put Option	Purchased	-1,000	53.0 USD	American	31/01/2025
Common	Call Option	Purchased	200	62.5 USD	American	20/06/2025
Common	Call Option	Purchased	22,200	52.5 USD	American	17/10/2025
Common	Call Option	Purchased	3,100	60.0 USD	American	24/01/2025
Common	Call Option	Purchased	2,000	57.5 USD	American	20/06/2025
Common	Put Option	Purchased	-10,500	45.0 USD	American	17/10/2025
Common	Put Option	Purchased	-5,400	17.5 USD	American	16/01/2026
Common	Call Option	Purchased	100	53.0 USD	American	24/01/2025
Common	Call Option	Purchased	2,400	40.0 USD	American	16/01/2026
Common	Call Option	Purchased	400	55.0 USD	American	15/01/2027
Common	Put Option	Purchased	-200	49.0 USD	American	28/02/2025
Common	Call Option	Purchased	5,200	60.0 USD	American	17/10/2025
Common	Put Option	Purchased	-2,000	47.5 USD	American	21/02/2025
Common	Call Option	Purchased	100	61.0 USD	American	28/02/2025
Common	Call Option	Purchased	300	59.0 USD	American	31/01/2025
Common	Call Option	Purchased	100	56.0 USD	American	14/02/2025
Common	Call Option	Purchased	1,500	60.0 USD	American	18/07/2025
Common	Put Option	Purchased	-2,100	50.0 USD	American	17/04/2025
Common	Call Option	Purchased	600	61.0 USD	American	14/02/2025
Common	Call Option	Purchased	600	32.5 USD	American	15/01/2027
Common	Put Option	Purchased	-500	50.0 USD	American	18/07/2025
Common	Put Option	Purchased	-500	35.0 USD	American	18/07/2025
Common	Call Option	Purchased	100	37.5 USD	American	20/06/2025
Common	Put Option	Purchased	-100	49.0 USD	American	07/02/2025
Common	Call Option	Purchased	20,400	27.5 USD	American	16/01/2026
Common	Call Option	Purchased	100	35.0 USD	American	15/01/2027
Common	Call Option	Purchased	200	57.0 USD	American	28/02/2025
Common	Put Option	Purchased	-600	42.5 USD	American	21/02/2025
Common	Call Option	Purchased	15,400	50.0 USD	American	20/06/2025
Common	Put Option	Purchased	-200	57.0 USD	American	24/01/2025
Common	Call Option	Purchased	200	60.0 USD	American	31/01/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	14/10/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	13/10/2025
Common	Call Option	Purchased	3,800	47.5 USD	American	16/01/2026
Common	Call Option	Purchased	30,800	55.0 USD	American	17/10/2025
Common	Call Option	Purchased	100	61.0 USD	American	24/01/2025
Common	Put Option	Purchased	0	47.5 USD	American	18/07/2025
Common	Call Option	Purchased	300	50.0 USD	American	18/07/2025
Common	Call Option	Purchased	5,100	67.5 USD	American	16/01/2026
Common	Call Option	Purchased	300	42.5 USD	American	20/06/2025
Common	Call Option	Purchased	100	67.5 USD	American	17/04/2025
Common	Call Option	Purchased	300	67.5 USD	American	15/01/2027
Common	Put Option	Purchased	-1,700	42.5 USD	American	20/06/2025
Common	Put Option	Purchased	-400	42.5 USD	American	17/04/2025
Common	Put Option	Purchased	-200	55.0 USD	American	28/02/2025
Common	Put Option	Purchased	-50,000	52.5 USD	American	16/01/2026
Common	Call Option	Purchased	100	65.0 USD	American	15/01/2027
Common	Call Option	Purchased	81,500	54.9 USD	European	14/10/2025
Common	Put Option	Purchased	-500	57.5 USD	American	15/01/2027
Common	Put Option	Purchased	-20,500	56.0 USD	American	24/01/2025
Common	Put Option	Purchased	-4,000	32.5 USD	American	16/01/2026
Common	Call Option	Purchased	8,900	65.0 USD	American	17/04/2025
Common	Put Option	Purchased	-1,200	57.5 USD	American	21/02/2025
Common	Call Option	Purchased	6,700	35.0 USD	American	16/01/2026
Common	Put Option	Purchased	-100	52.5 USD	American	17/10/2025
Common	Call Option	Purchased	1,000	80.0 USD	American	16/01/2026
Common	Put Option	Purchased	-400	55.0 USD	American	24/01/2025
Common	Call Option	Purchased	500	55.0 USD	American	07/02/2025
Common	Put Option	Purchased	-1,500	47.0 USD	American	31/01/2025
Common	Call Option	Purchased	28,900	52.5 USD	American	19/09/2025
Common	Put Option	Purchased	-4,000	52.0 USD	American	24/01/2025
Common	Call Option	Purchased	1,700	32.5 USD	American	16/01/2026
Common	Put Option	Purchased	-100	45.0 USD	American	21/02/2025
Common	Call Option	Purchased	500	45.0 USD	American	17/04/2025
Common	Put Option	Purchased	-8,500	40.0 USD	American	16/01/2026
Common	Put Option	Purchased	-200	42.5 USD	American	19/09/2025
Common	Call Option	Purchased	2,200	60.0 USD	American	19/09/2025
Common	Call Option	Purchased	600	61.0 USD	American	07/02/2025
Common	Put Option	Purchased	-4,300	45.0 USD	American	17/04/2025
Common	Call Option	Purchased	900	57.0 USD	American	14/02/2025
Common	Call Option	Purchased	800	59.0 USD	American	14/02/2025
Common	Call Option	Purchased	0	56.0 USD	American	07/02/2025
Common	Put Option	Purchased	-44,600	55.0 USD	American	16/01/2026
Common	Call Option	Purchased	19,700	57.5 USD	American	19/09/2025
Common	Call Option	Purchased	1,700	52.5 USD	American	21/02/2025
Common	Call Option	Purchased	300	40.0 USD	American	20/06/2025
Common	Call Option	Purchased	100	65.0 USD	American	18/07/2025
Common	Call Option	Purchased	100	37.5 USD	American	19/09/2025
Common	Put Option	Purchased	-7,400	52.5 USD	American	19/09/2025
Common	Put Option	Purchased	-100	57.0 USD	American	07/02/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	15/10/2025
Common	Call Option	Purchased	1,600	70.0 USD	American	17/04/2025
Common	Call Option	Purchased	81,500	54.9 USD	European	13/10/2025
Common	Call Option	Purchased	900	54.0 USD	American	31/01/2025
Common	Call Option	Purchased	700	57.5 USD	American	16/01/2026
Common	Put Option	Purchased	0	47.5 USD	American	15/01/2027
Common	Call Option	Purchased	100	67.5 USD	American	19/09/2025
Common	Call Option	Purchased	76,900	55.0 USD	American	17/04/2025
Common	Call Option	Purchased	22,900	62.5 USD	American	21/02/2025
Common	Call Option	Purchased	1,000	53.0 USD	American	07/02/2025
Common	Call Option	Purchased	500	40.0 USD	American	17/04/2025
Common	Call Option	Purchased	4,200	55.0 USD	American	19/09/2025
Common	Call Option	Purchased	5,500	52.5 USD	American	17/04/2025
Common	Call Option	Purchased	5,500	50.0 USD	American	19/09/2025
Common	Call Option	Purchased	7,400	55.0 USD	American	20/06/2025
Common	Call Option	Purchased	2,200	57.5 USD	American	18/07/2025
Common	Call Option	Purchased	900	58.0 USD	American	31/01/2025
Common	Call Option	Purchased	34,600	58.0 USD	American	24/01/2025
Common	Put Option	Purchased	-200	55.0 USD	American	14/02/2025
Common	Call Option	Purchased	100	52.0 USD	American	31/01/2025
Common	Call Option	Purchased	600	56.0 USD	American	24/01/2025
Common	Put Option	Purchased	-100	55.0 USD	American	07/02/2025
Common	Call Option	Purchased	100	58.0 USD	American	14/02/2025
Common	Put Option	Purchased	-500	37.5 USD	American	19/09/2025
Common	Call Option	Purchased	300	56.0 USD	American	31/01/2025
Common	Call Option	Purchased	300	70.0 USD	American	15/01/2027
Common	Call Option	Purchased	700	65.0 USD	American	19/09/2025
Common	Put Option	Purchased	-4,900	49.0 USD	American	31/01/2025
Common	Call Option	Purchased	700	53.0 USD	American	14/02/2025
Common	Put Option	Purchased	-100	65.0 USD	American	16/01/2026
Common	Put Option	Purchased	-500	20.0 USD	American	16/01/2026
Common	Put Option	Purchased	-200	40.0 USD	American	20/06/2025
Common	Call Option	Purchased	3,100	52.5 USD	American	18/07/2025
Common	Call Option	Purchased	7,600	57.5 USD	American	21/02/2025
Common	Call Option	Purchased	23,300	60.0 USD	American	17/04/2025
Common	Call Option	Purchased	2,400	50.0 USD	American	15/01/2027
Common	Call Option	Purchased	11,000	57.5 USD	American	17/04/2025
Common	Call Option	Purchased	42,100	52.5 USD	American	20/06/2025
Common	Call Option	Purchased	300	61.0 USD	American	31/01/2025
Common	Call Option	Purchased	200	30.0 USD	American	19/09/2025
Common	Call Option	Purchased	300	45.0 USD	American	18/07/2025
Common	Put Option	Purchased	-100	51.0 USD	American	31/01/2025
Common	Call Option	Purchased	200	62.5 USD	American	18/07/2025
Common	Call Option	Purchased	0	65.0 USD	American	16/01/2026
Common	Call Option	Purchased	11,300	55.0 USD	American	16/01/2026
Common	Call Option	Purchased	3,100	65.0 USD	American	20/06/2025
Common	Put Option	Purchased	-3,100	50.0 USD	American	19/09/2025
Common	Put Option	Purchased	-100	47.5 USD	American	17/10/2025
Common	Call Option	Purchased	600	30.0 USD	American	15/01/2027
Common	Call Option	Purchased	81,500	54.9 USD	European	15/10/2025
Common	Put Option	Purchased	0	49.0 USD	American	24/01/2025
Common	Call Option	Purchased	24,200	60.0 USD	American	21/02/2025
Common	Call Option	Purchased	700	52.5 USD	American	16/01/2026
Common	Put Option	Purchased	-20,000	55.0 USD	American	16/01/2026
Common	Call Option	Purchased	0	54.0 USD	American	07/02/2025
Common	Call Option	Purchased	5,500	50.0 USD	American	16/01/2026
Common	Call Option	Purchased	1,300	57.0 USD	American	07/02/2025
Common	Call Option	Purchased	3,100	30.0 USD	American	16/01/2026
Common	Put Option	Purchased	-6,900	50.0 USD	American	16/01/2026
Common	Call Option	Purchased	7,200	62.5 USD	American	17/10/2025
Common	Put Option	Purchased	-12,500	50.0 USD	American	16/01/2026
Common	Call Option	Sold	-700	55.0 USD	American	28/02/2025
Common	Call Option	Sold	-2,000	42.5 USD	American	17/10/2025
Common	Call Option	Sold	-300	54.0 USD	American	28/02/2025
Common	Call Option	Sold	-6,800	60.0 USD	American	16/01/2026
Common	Put Option	Sold	3,000	62.5 USD	American	17/04/2025
Common	Put Option	Sold	300	48.0 USD	American	24/01/2025
Common	Call Option	Sold	-2,500	47.5 USD	American	19/09/2025
Common	Put Option	Sold	100	54.0 USD	American	31/01/2025
Common	Put Option	Sold	300	27.5 USD	American	16/01/2026
Common	Put Option	Sold	200	53.0 USD	American	14/02/2025
Common	Put Option	Sold	5,100	52.5 USD	American	20/06/2025
Common	Call Option	Sold	-39,100	55.0 USD	American	21/02/2025
Common	Put Option	Sold	600	45.0 USD	American	20/06/2025
Common	Call Option	Sold	-600	55.0 USD	American	21/03/2025
Common	Put Option	Sold	500	55.0 USD	American	19/09/2025
Common	Put Option	Sold	100	60.0 USD	American	16/01/2026
Common	Call Option	Sold	-2,300	45.0 USD	American	16/01/2026
Common	Put Option	Sold	400	50.0 USD	American	24/01/2025
Common	Call Option	Sold	-7,900	70.0 USD	American	16/01/2026
Common	Put Option	Sold	2,800	42.5 USD	American	16/01/2026
Common	Put Option	Sold	1,800	51.0 USD	American	07/02/2025
Common	Call Option	Sold	-2,100	67.5 USD	American	20/06/2025
Common	Call Option	Sold	-1,300	57.5 USD	American	17/10/2025
Common	Call Option	Sold	-400	42.5 USD	American	17/04/2025
Common	Call Option	Sold	-3,000	55.0 USD	American	31/01/2025
Common	Put Option	Sold	1,300	47.5 USD	American	19/09/2025
Common	Put Option	Sold	2,800	30.0 USD	American	16/01/2026
Common	Call Option	Sold	-1,600	70.0 USD	American	17/10/2025
Common	Call Option	Sold	-100	51.0 USD	American	24/01/2025
Common	Call Option	Sold	-100	62.0 USD	American	28/02/2025
Common	Call Option	Sold	-10,500	47.5 USD	American	17/04/2025
Common	Put Option	Sold	7,400	50.0 USD	American	07/02/2025
Common	Put Option	Sold	100	62.5 USD	American	16/01/2026
Common	Put Option	Sold	13,600	52.0 USD	American	31/01/2025
Common	Call Option	Sold	-100	60.0 USD	American	21/03/2025
Common	Put Option	Sold	100	37.5 USD	American	17/04/2025
Common	Put Option	Sold	200	57.5 USD	American	18/07/2025
Common	Call Option	Sold	-800	57.0 USD	American	31/01/2025
Common	Put Option	Sold	3,000	62.5 USD	American	20/06/2025
Common	Put Option	Sold	200	62.5 USD	American	18/07/2025
Common	Put Option	Sold	100	52.5 USD	American	21/03/2025
Common	Call Option	Sold	-5,000	65.0 USD	American	21/02/2025
Common	Put Option	Sold	100	57.0 USD	American	31/01/2025
Common	Call Option	Sold	-600	50.0 USD	American	21/02/2025
Common	Put Option	Sold	800	54.0 USD	American	07/02/2025
Common	Put Option	Sold	8,100	47.5 USD	American	17/04/2025
Common	Put Option	Sold	5,600	57.5 USD	American	16/01/2026
Common	Call Option	Sold	-1,100	59.0 USD	American	07/02/2025
Common	Put Option	Sold	4,800	25.0 USD	American	16/01/2026
Common	Call Option	Sold	-100	45.0 USD	American	17/10/2025
Common	Put Option	Sold	600	56.0 USD	American	07/02/2025
Common	Put Option	Sold	500	55.0 USD	American	18/07/2025
Common	Put Option	Sold	200	65.0 USD	American	20/06/2025
Common	Put Option	Sold	4,400	47.5 USD	American	20/06/2025
Common	Put Option	Sold	300	56.0 USD	American	31/01/2025
Common	Put Option	Sold	21,400	57.5 USD	American	17/04/2025
Common	Call Option	Sold	-200	57.5 USD	American	21/03/2025
Common	Put Option	Sold	500	35.0 USD	American	15/01/2027
Common	Put Option	Sold	100	40.0 USD	American	17/04/2025
Common	Call Option	Sold	-8,600	45.0 USD	American	20/06/2025
Common	Put Option	Sold	100	50.0 USD	American	21/03/2025
Common	Call Option	Sold	-11,900	50.0 USD	American	17/04/2025
Common	Put Option	Sold	13,100	45.0 USD	American	16/01/2026
Common	Put Option	Sold	6,100	60.0 USD	American	20/06/2025
Common	Put Option	Sold	100	48.0 USD	American	07/02/2025
Common	Put Option	Sold	23,000	55.0 USD	American	17/04/2025
Common	Put Option	Sold	13,100	50.0 USD	American	20/06/2025
Common	Call Option	Sold	-9,000	62.5 USD	American	17/04/2025
Common	Put Option	Sold	100	53.0 USD	American	28/02/2025
Common	Call Option	Sold	-100	75.0 USD	American	20/06/2025
Common	Call Option	Sold	-200	50.0 USD	American	17/10/2025
Common	Put Option	Sold	900	52.5 USD	American	16/01/2026
Common	Call Option	Sold	-200	60.0 USD	American	07/02/2025
Common	Call Option	Sold	-2,400	42.5 USD	American	16/01/2026
Common	Call Option	Sold	-700	54.0 USD	American	24/01/2025
Common	Put Option	Sold	200	50.0 USD	American	31/01/2025
Common	Put Option	Sold	200	57.5 USD	American	20/06/2025
Common	Put Option	Sold	500	55.0 USD	American	21/02/2025
Common	Put Option	Sold	24,900	52.5 USD	American	17/04/2025
Common	Put Option	Sold	500	52.5 USD	American	21/02/2025
Common	Call Option	Sold	-500	55.0 USD	American	14/02/2025
Common	Call Option	Sold	-1,800	54.0 USD	American	14/02/2025
Common	Put Option	Sold	1,200	53.0 USD	American	07/02/2025
Common	Put Option	Sold	800	50.0 USD	American	21/02/2025
Common	Call Option	Sold	-1,100	57.0 USD	American	24/01/2025
Common	Call Option	Sold	-800	47.5 USD	American	20/06/2025
Common	Put Option	Sold	4,400	37.5 USD	American	16/01/2026
Common	Put Option	Sold	9,600	55.0 USD	American	20/06/2025
Common	Call Option	Sold	-3,500	62.5 USD	American	16/01/2026
Common	Call Option	Sold	-4,200	42.5 USD	American	19/09/2025
Common	Call Option	Sold	-1,600	65.0 USD	American	17/10/2025
Common	Put Option	Sold	1,100	50.0 USD	American	17/10/2025
Common	Put Option	Sold	400	47.5 USD	American	16/01/2026
Common	Call Option	Sold	-1,000	85.0 USD	American	16/01/2026
Common	Put Option	Sold	1,800	54.0 USD	American	24/01/2025
Common	Put Option	Sold	1,200	52.5 USD	American	18/07/2025
Common	Call Option	Sold	-900	55.0 USD	American	18/07/2025
Common	Put Option	Sold	1,300	52.0 USD	American	07/02/2025
Common	Put Option	Sold	1,000	60.0 USD	American	17/04/2025
Common	Put Option	Sold	100	35.0 USD	American	16/01/2026

3.         AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

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END

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