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:

17 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:

34,441,228

2.63%

10,729,551

0.81%

(2) Cash-settled derivatives:

10,360,433

0.79%

33,778,923

2.58%

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

0

0.00%

0

0.00%

TOTAL: 

44,801,661

3.42%

44,508,474

3.39%

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

342,243

2.8380 GBP

10 10/11p ordinary

Purchase

115,239

2.8249 GBP

10 10/11p ordinary

Purchase

89,220

2.8258 GBP

10 10/11p ordinary

Purchase

75,383

2.8276 GBP

10 10/11p ordinary

Purchase

61,925

2.8275 GBP

10 10/11p ordinary

Purchase

31,423

2.8269 GBP

10 10/11p ordinary

Purchase

22,114

2.8072 GBP

10 10/11p ordinary

Purchase

11,554

2.8246 GBP

10 10/11p ordinary

Purchase

9,346

2.8176 GBP

10 10/11p ordinary

Purchase

8,073

2.8261 GBP

10 10/11p ordinary

Purchase

5,114

2.8379 GBP

10 10/11p ordinary

Purchase

2,184

2.8095 GBP

10 10/11p ordinary

Purchase

1,578

2.8140 GBP

10 10/11p ordinary

Purchase

446

2.8160 GBP

10 10/11p ordinary

Purchase

100

2.8260 GBP

10 10/11p ordinary

Sale

246,860

2.8324 GBP

10 10/11p ordinary

Sale

143,513

2.8279 GBP

10 10/11p ordinary

Sale

37,018

2.8284 GBP

10 10/11p ordinary

Sale

33,506

2.8379 GBP

10 10/11p ordinary

Sale

30,640

2.8240 GBP

10 10/11p ordinary

Sale

14,531

2.8182 GBP

10 10/11p ordinary

Sale

13,806

2.8020 GBP

10 10/11p ordinary

Sale

11,941

2.8222 GBP

10 10/11p ordinary

Sale

11,539

2.8235 GBP

10 10/11p ordinary

Sale

8,387

2.8040 GBP

10 10/11p ordinary

Sale

7,212

2.8297 GBP

10 10/11p ordinary

Sale

3,600

2.8251 GBP

10 10/11p ordinary

Sale

2,293

2.8327 GBP

10 10/11p ordinary

Sale

2,286

2.8118 GBP

10 10/11p ordinary

Sale

2,024

2.8145 GBP

10 10/11p ordinary

Sale

1,578

2.8140 GBP

10 10/11p ordinary

Sale

1,446

2.8323 GBP

10 10/11p ordinary

Sale

617

2.8277 GBP

10 10/11p ordinary

Sale

446

2.8160 GBP

10 10/11p ordinary

Sale

331

2.8095 GBP

10 10/11p ordinary

Sale

118

2.8380 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

13,806

2.8020 GBP

10 10/11p ordinary

SWAP

Decreasing Short

331

2.8095 GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,941

2.8222 GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,539

2.8235 GBP

10 10/11p ordinary

SWAP

Decreasing Short

30,640

2.8240 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,600

2.8251 GBP

10 10/11p ordinary

SWAP

Decreasing Short

127,473

2.8271 GBP

10 10/11p ordinary

SWAP

Decreasing Short

617

2.8277 GBP

10 10/11p ordinary

SWAP

Decreasing Short

143,513

2.8279 GBP

10 10/11p ordinary

SWAP

Decreasing Short

37,018

2.8284 GBP

10 10/11p ordinary

SWAP

Decreasing Short

7,212

2.8297 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,446

2.8323 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,293

2.8327 GBP

10 10/11p ordinary

SWAP

Decreasing Short

33,506

2.8379 GBP

10 10/11p ordinary

SWAP

Decreasing Short

57,637

2.8380 GBP

10 10/11p ordinary

SWAP

Increasing Short

18

2.8080 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,184

2.8095 GBP

10 10/11p ordinary

SWAP

Increasing Short

20,158

2.8222 GBP

10 10/11p ordinary

SWAP

Increasing Short

115,239

2.8249 GBP

10 10/11p ordinary

SWAP

Increasing Short

47,917

2.8255 GBP

10 10/11p ordinary

SWAP

Increasing Short

100

2.8260 GBP

10 10/11p ordinary

SWAP

Increasing Short

51,196

2.8262 GBP

10 10/11p ordinary

SWAP

Increasing Short

61,925

2.8275 GBP

10 10/11p ordinary

SWAP

Increasing Short

34,125

2.8313 GBP

10 10/11p ordinary

SWAP

Increasing Short

278,914

2.8380 GBP

10 10/11p ordinary

SWAP

Increasing Short

53,088

2.8381 GBP

10 10/11p ordinary

CFD

Decreasing Short

61,750

2.8377 GBP

10 10/11p ordinary

CFD

Increasing Short

2,539

2.8167 GBP

10 10/11p ordinary

CFD

Increasing Short

69,046

2.8259 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:

18 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213