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:

24 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:

35,114,828

2.68%

8,098,451

0.61%

(2) Cash-settled derivatives:

8,440,408

0.64%

33,982,449

2.59%

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

0

0.00%

0

0.00%

TOTAL: 

43,555,236

3.32%

42,080,900

3.20%

Class of relevant security:

Convertible Bond 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

335,175

2.8300 GBP

10 10/11p ordinary

Purchase

157,600

2.8308 GBP

10 10/11p ordinary

Purchase

107,095

2.8355 GBP

10 10/11p ordinary

Purchase

43,896

2.8326 GBP

10 10/11p ordinary

Purchase

37,255

2.8360 GBP

10 10/11p ordinary

Purchase

23,402

2.8372 GBP

10 10/11p ordinary

Purchase

17,772

2.8299 GBP

10 10/11p ordinary

Purchase

14,255

2.8340 GBP

10 10/11p ordinary

Purchase

12,670

2.8347 GBP

10 10/11p ordinary

Purchase

7,346

2.8338 GBP

10 10/11p ordinary

Purchase

6,804

2.8320 GBP

10 10/11p ordinary

Purchase

4,777

2.8330 GBP

10 10/11p ordinary

Purchase

4,675

2.8337 GBP

10 10/11p ordinary

Purchase

4,378

2.8251 GBP

10 10/11p ordinary

Purchase

4,271

2.8350 GBP

10 10/11p ordinary

Purchase

3,500

2.8335 GBP

10 10/11p ordinary

Purchase

3,281

2.8321 GBP

10 10/11p ordinary

Purchase

2,257

2.8319 GBP

10 10/11p ordinary

Purchase

1,244

2.8400 GBP

10 10/11p ordinary

Purchase

1,176

2.8354 GBP

10 10/11p ordinary

Purchase

1,155

2.8380 GBP

10 10/11p ordinary

Purchase

1,046

2.8280 GBP

10 10/11p ordinary

Purchase

573

2.8220 GBP

10 10/11p ordinary

Sale

72,920

2.8295 GBP

10 10/11p ordinary

Sale

67,484

2.8308 GBP

10 10/11p ordinary

Sale

53,021

2.8300 GBP

10 10/11p ordinary

Sale

52,921

2.8354 GBP

10 10/11p ordinary

Sale

30,948

2.8238 GBP

10 10/11p ordinary

Sale

29,092

2.8323 GBP

10 10/11p ordinary

Sale

26,285

2.8343 GBP

10 10/11p ordinary

Sale

24,415

2.8327 GBP

10 10/11p ordinary

Sale

16,590

2.8316 GBP

10 10/11p ordinary

Sale

14,565

2.8285 GBP

10 10/11p ordinary

Sale

11,652

2.8345 GBP

10 10/11p ordinary

Sale

10,733

2.8366 GBP

10 10/11p ordinary

Sale

8,506

2.8332 GBP

10 10/11p ordinary

Sale

3,417

2.8340 GBP

10 10/11p ordinary

Sale

3,060

2.8344 GBP

10 10/11p ordinary

Sale

3,050

2.8320 GBP

10 10/11p ordinary

Sale

2,595

2.8360 GBP

10 10/11p ordinary

Sale

1,822

2.8299 GBP

10 10/11p ordinary

Sale

1,649

2.8330 GBP

10 10/11p ordinary

Sale

1,413

2.8280 GBP

10 10/11p ordinary

Sale

1,047

2.8379 GBP

10 10/11p ordinary

Sale

955

2.8380 GBP

10 10/11p ordinary

Sale

573

2.8220 GBP

10 10/11p ordinary

Sale

334

2.8370 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

30,948

2.8238 GBP

10 10/11p ordinary

SWAP

Decreasing Short

15,721

2.8270 GBP

10 10/11p ordinary

SWAP

Decreasing Short

14,565

2.8285 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,138

2.8288 GBP

10 10/11p ordinary

SWAP

Decreasing Short

15,021

2.8299 GBP

10 10/11p ordinary

SWAP

Decreasing Short

21,904

2.8323 GBP

10 10/11p ordinary

SWAP

Decreasing Short

55,899

2.8324 GBP

10 10/11p ordinary

SWAP

Decreasing Short

35

2.8335 GBP

10 10/11p ordinary

SWAP

Decreasing Short

50,700

2.8336 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,175

2.8340 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,060

2.8344 GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,652

2.8345 GBP

10 10/11p ordinary

SWAP

Decreasing Short

37,200

2.8390 GBP

10 10/11p ordinary

SWAP

Decreasing Short

239

2.8399 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,378

2.8251 GBP

10 10/11p ordinary

SWAP

Increasing Short

383,507

2.8300 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,281

2.8321 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,777

2.8330 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,850

2.8340 GBP

10 10/11p ordinary

SWAP

Increasing Short

19,873

2.8345 GBP

10 10/11p ordinary

SWAP

Increasing Short

12,670

2.8347 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,176

2.8354 GBP

10 10/11p ordinary

SWAP

Increasing Short

107,095

2.8355 GBP

10 10/11p ordinary

SWAP

Increasing Short

24,327

2.8358 GBP

10 10/11p ordinary

SWAP

Increasing Short

36,508

2.8360 GBP

10 10/11p ordinary

SWAP

Increasing Short

200

2.8380 GBP

10 10/11p ordinary

CFD

Decreasing Short

5,886

2.8058 GBP

10 10/11p ordinary

CFD

Increasing Short

9,442

2.8318 GBP

10 10/11p ordinary

CFD

Increasing Short

12,420

2.8384 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:

25 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213