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:

25 Feb 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:

21,690,631

1.65%

8,742,546

0.67%

(2) Cash-settled derivatives:

9,371,300

0.71%

21,451,434

1.64%

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

0

0.00%

0

0.00%

TOTAL: 

31,061,931

2.37%

30,193,980

2.30%

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

1,000,000

2.6613 GBP

10 10/11p ordinary

Purchase

199,068

2.6612 GBP

10 10/11p ordinary

Purchase

88,532

2.6640 GBP

10 10/11p ordinary

Purchase

80,291

2.6620 GBP

10 10/11p ordinary

Purchase

79,478

2.6638 GBP

10 10/11p ordinary

Purchase

63,916

2.6630 GBP

10 10/11p ordinary

Purchase

63,821

2.6648 GBP

10 10/11p ordinary

Purchase

21,132

2.6628 GBP

10 10/11p ordinary

Purchase

17,380

2.6639 GBP

10 10/11p ordinary

Purchase

17,200

2.6642 GBP

10 10/11p ordinary

Purchase

6,346

2.6619 GBP

10 10/11p ordinary

Purchase

4,497

2.6616 GBP

10 10/11p ordinary

Purchase

3,371

2.6660 GBP

10 10/11p ordinary

Purchase

1,540

2.6636 GBP

10 10/11p ordinary

Purchase

1,043

2.6560 GBP

10 10/11p ordinary

Purchase

483

2.6627 GBP

10 10/11p ordinary

Purchase

59

2.6632 GBP

10 10/11p ordinary

Sale

1,598,843

2.6500 GBP

10 10/11p ordinary

Sale

247,908

2.6639 GBP

10 10/11p ordinary

Sale

231,802

2.6602 GBP

10 10/11p ordinary

Sale

153,426

2.6640 GBP

10 10/11p ordinary

Sale

110,692

2.6605 GBP

10 10/11p ordinary

Sale

58,256

2.6592 GBP

10 10/11p ordinary

Sale

10,343

2.6632 GBP

10 10/11p ordinary

Sale

8,168

2.6625 GBP

10 10/11p ordinary

Sale

3,184

2.6620 GBP

10 10/11p ordinary

Sale

1,819

2.6624 GBP

10 10/11p ordinary

Sale

1,437

2.6619 GBP

10 10/11p ordinary

Sale

1,000

2.6539 GBP

10 10/11p ordinary

Sale

781

2.6626 GBP

10 10/11p ordinary

Sale

207

2.6600 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

1,598,843

2.6500 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,000

2.6539 GBP

10 10/11p ordinary

SWAP

Decreasing Short

73,376

2.6590 GBP

10 10/11p ordinary

SWAP

Decreasing Short

58,256

2.6592 GBP

10 10/11p ordinary

SWAP

Decreasing Short

207

2.6600 GBP

10 10/11p ordinary

SWAP

Decreasing Short

207,206

2.6602 GBP

10 10/11p ordinary

SWAP

Decreasing Short

24,596

2.6610 GBP

10 10/11p ordinary

SWAP

Decreasing Short

6,791

2.6616 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,437

2.6619 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,679

2.6623 GBP

10 10/11p ordinary

SWAP

Decreasing Short

781

2.6626 GBP

10 10/11p ordinary

SWAP

Decreasing Short

26,521

2.6638 GBP

10 10/11p ordinary

SWAP

Decreasing Short

247,908

2.6639 GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,487

2.6640 GBP

10 10/11p ordinary

SWAP

Increasing Short

600,000

2.6305 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,018

2.6500 GBP

10 10/11p ordinary

SWAP

Increasing Short

6,110

2.6579 GBP

10 10/11p ordinary

SWAP

Increasing Short

22,666

2.6602 GBP

10 10/11p ordinary

SWAP

Increasing Short

199,068

2.6612 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,000,000

2.6613 GBP

10 10/11p ordinary

SWAP

Increasing Short

6,346

2.6619 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,378

2.6622 GBP

10 10/11p ordinary

SWAP

Increasing Short

483

2.6627 GBP

10 10/11p ordinary

SWAP

Increasing Short

60,600

2.6631 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,540

2.6636 GBP

10 10/11p ordinary

SWAP

Increasing Short

79,478

2.6638 GBP

10 10/11p ordinary

SWAP

Increasing Short

130,043

2.6640 GBP

10 10/11p ordinary

SWAP

Increasing Short

8,176

2.6641 GBP

10 10/11p ordinary

SWAP

Increasing Short

17,200

2.6642 GBP

10 10/11p ordinary

SWAP

Increasing Short

63,821

2.6648 GBP

10 10/11p ordinary

CFD

Increasing Short

25,298

2.6635 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:

26 Feb 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213