INTERNATIONAL PAPER CO

Ticker: IP CUSIP: 460146103 Class: COM

Third Point LLC's Holding History (CIK: 0001040273)

Note: Option positions (PUT/CALL) are excluded.

Q1 2014

Shares 3,000,000 Value ($000) $137,640 Avg Close $27.24 Range $25.46 - $28.54

Q4 2013

Shares 4,000,000 Value ($000) $196,120 Avg Close $26.03 Range $24.27 - $28.23

Q3 2013

Shares 4,250,000 Value ($000) $190,400 Avg Close $26.87 Range $24.85 - $28.29

Q2 2013

Shares 4,500,000 Value ($000) $199,395 Avg Close $25.91 Range $23.81 - $27.42

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	3,000,000	$137,640	$27.24	$25.46 - $28.54
Q4 2013	4,000,000	$196,120	$26.03	$24.27 - $28.23
Q3 2013	4,250,000	$190,400	$26.87	$24.85 - $28.29
Q2 2013	4,500,000	$199,395	$25.91	$23.81 - $27.42