Form 8.3 DIRECT LINE INSURANCE GROUP PLC

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:

Barclays PLC.

(b)

Owner or controller of interest and short positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose relevant securities this form relates:

DIRECT LINE INSURANCE GROUP PLC

(d)

If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

(e)

Date position held/dealing undertaken:

21 Mar 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?

YES: AVIVA PLC

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(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:

10 10/11p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

35,115,037

2.68%

8,455,216

0.64%

(2) Cash-settled derivatives:

8,801,572

0.67%

33,991,252

2.59%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

43,916,609

3.35%

42,446,468

3.23%

Class of relevant security:

Restricted Tier 1 Note XS1728036366

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

200,000

0.06%

0

0.00%

(2) Cash-settled derivatives:

0

0.00%

0

0.00%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

200,000

0.06%

0

0.00%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

10 10/11p ordinary

Purchase

875,437

2.7780 GBP

10 10/11p ordinary

Purchase

856,952

2.7798 GBP

10 10/11p ordinary

Purchase

444,842

2.7896 GBP

10 10/11p ordinary

Purchase

219,892

2.8041 GBP

10 10/11p ordinary

Purchase

188,607

2.8087 GBP

10 10/11p ordinary

Purchase

125,409

2.7994 GBP

10 10/11p ordinary

Purchase

108,020

2.8053 GBP

10 10/11p ordinary

Purchase

63,599

2.8056 GBP

10 10/11p ordinary

Purchase

61,374

2.8109 GBP

10 10/11p ordinary

Purchase

51,086

2.8070 GBP

10 10/11p ordinary

Purchase

46,989

2.8080 GBP

10 10/11p ordinary

Purchase

44,469

2.8064 GBP

10 10/11p ordinary

Purchase

21,748

2.8069 GBP

10 10/11p ordinary

Purchase

12,561

2.8100 GBP

10 10/11p ordinary

Purchase

8,770

2.8090 GBP

10 10/11p ordinary

Purchase

7,549

2.8113 GBP

10 10/11p ordinary

Purchase

7,121

2.8061 GBP

10 10/11p ordinary

Purchase

6,860

2.7781 GBP

10 10/11p ordinary

Purchase

5,938

2.8023 GBP

10 10/11p ordinary

Purchase

5,537

2.8085 GBP

10 10/11p ordinary

Purchase

4,780

2.8073 GBP

10 10/11p ordinary

Purchase

4,360

2.8060 GBP

10 10/11p ordinary

Purchase

4,181

2.8063 GBP

10 10/11p ordinary

Purchase

3,125

2.8107 GBP

10 10/11p ordinary

Purchase

2,893

2.8066 GBP

10 10/11p ordinary

Purchase

2,097

2.8020 GBP

10 10/11p ordinary

Purchase

1,213

2.8120 GBP

10 10/11p ordinary

Purchase

999

2.7923 GBP

10 10/11p ordinary

Sale

805,811

2.7977 GBP

10 10/11p ordinary

Sale

666,424

2.7780 GBP

10 10/11p ordinary

Sale

219,892

2.8041 GBP

10 10/11p ordinary

Sale

108,020

2.8053 GBP

10 10/11p ordinary

Sale

85,957

2.8052 GBP

10 10/11p ordinary

Sale

84,424

2.7819 GBP

10 10/11p ordinary

Sale

65,146

2.8048 GBP

10 10/11p ordinary

Sale

50,534

2.8104 GBP

10 10/11p ordinary

Sale

49,378

2.8066 GBP

10 10/11p ordinary

Sale

25,096

2.8035 GBP

10 10/11p ordinary

Sale

17,830

2.8020 GBP

10 10/11p ordinary

Sale

8,338

2.7893 GBP

10 10/11p ordinary

Sale

8,335

2.8046 GBP

10 10/11p ordinary

Sale

5,862

2.8144 GBP

10 10/11p ordinary

Sale

2,209

2.8023 GBP

10 10/11p ordinary

Sale

1,741

2.8071 GBP

10 10/11p ordinary

Sale

1,059

2.7774 GBP

10 10/11p ordinary

Sale

699

2.8000 GBP

10 10/11p ordinary

Sale

112

2.8080 GBP

10 10/11p ordinary

Sale

2

2.7900 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10 10/11p ordinary

SWAP

Decreasing Short

1,059

2.7774 GBP

10 10/11p ordinary

SWAP

Decreasing Short

71,233

2.7780 GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,338

2.7893 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2

2.7918 GBP

10 10/11p ordinary

SWAP

Decreasing Short

20,662

2.8030 GBP

10 10/11p ordinary

SWAP

Decreasing Short

34,157

2.8035 GBP

10 10/11p ordinary

SWAP

Decreasing Short

65,146

2.8048 GBP

10 10/11p ordinary

SWAP

Decreasing Short

12,426

2.8051 GBP

10 10/11p ordinary

SWAP

Decreasing Short

51,800

2.8063 GBP

10 10/11p ordinary

SWAP

Decreasing Short

49,378

2.8066 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,741

2.8071 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,982

2.8144 GBP

10 10/11p ordinary

SWAP

Decreasing Short

18

2.8400 GBP

10 10/11p ordinary

SWAP

Increasing Short

690,918

2.7780 GBP

10 10/11p ordinary

SWAP

Increasing Short

164,775

2.7811 GBP

10 10/11p ordinary

SWAP

Increasing Short

79,567

2.7829 GBP

10 10/11p ordinary

SWAP

Increasing Short

999

2.7923 GBP

10 10/11p ordinary

SWAP

Increasing Short

5,938

2.8023 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,895

2.8044 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,050

2.8060 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,121

2.8061 GBP

10 10/11p ordinary

SWAP

Increasing Short

34,880

2.8070 GBP

10 10/11p ordinary

SWAP

Increasing Short

41,982

2.8085 GBP

10 10/11p ordinary

SWAP

Increasing Short

12,561

2.8100 GBP

10 10/11p ordinary

SWAP

Increasing Short

61,374

2.8109 GBP

10 10/11p ordinary

CFD

Decreasing Short

22,585

2.8084 GBP

10 10/11p ordinary

CFD

Increasing Short

85,854

2.7782 GBP

10 10/11p ordinary

CFD

Increasing Short

5,081

2.8028 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings 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:

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 of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

24 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213