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:

11 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:

23,570,611

1.80%

11,864,273

0.90%

(2) Cash-settled derivatives:

10,942,782

0.83%

22,924,550

1.75%

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

0

0.00%

0

0.00%

TOTAL: 

34,513,393

2.63%

34,788,823

2.65%

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

500,000

2.7373 GBP

10 10/11p ordinary

Purchase

500,000

2.7350 GBP

10 10/11p ordinary

Purchase

112,720

2.7398 GBP

10 10/11p ordinary

Purchase

99,021

2.7406 GBP

10 10/11p ordinary

Purchase

55,615

2.7391 GBP

10 10/11p ordinary

Purchase

51,396

2.7400 GBP

10 10/11p ordinary

Purchase

27,894

2.7320 GBP

10 10/11p ordinary

Purchase

22,094

2.7394 GBP

10 10/11p ordinary

Purchase

15,372

2.7381 GBP

10 10/11p ordinary

Purchase

14,600

2.7433 GBP

10 10/11p ordinary

Purchase

11,655

2.7386 GBP

10 10/11p ordinary

Purchase

8,603

2.7392 GBP

10 10/11p ordinary

Purchase

8,505

2.7430 GBP

10 10/11p ordinary

Purchase

7,833

2.7389 GBP

10 10/11p ordinary

Purchase

6,400

2.7401 GBP

10 10/11p ordinary

Purchase

4,618

2.7380 GBP

10 10/11p ordinary

Purchase

3,915

2.7434 GBP

10 10/11p ordinary

Purchase

2,506

2.7440 GBP

10 10/11p ordinary

Purchase

2,461

2.7460 GBP

10 10/11p ordinary

Purchase

2,133

2.7379 GBP

10 10/11p ordinary

Purchase

2,005

2.7351 GBP

10 10/11p ordinary

Purchase

1,754

2.7420 GBP

10 10/11p ordinary

Purchase

1,446

2.7480 GBP

10 10/11p ordinary

Purchase

1,353

2.7326 GBP

10 10/11p ordinary

Purchase

1,258

2.7360 GBP

10 10/11p ordinary

Purchase

1,046

2.7500 GBP

ADR

Purchase

1,000

14.1300 USD

10 10/11p ordinary

Purchase

979

2.7403 GBP

10 10/11p ordinary

Purchase

814

2.7463 GBP

10 10/11p ordinary

Purchase

487

2.7474 GBP

10 10/11p ordinary

Sale

583,238

2.7394 GBP

10 10/11p ordinary

Sale

149,617

2.7398 GBP

10 10/11p ordinary

Sale

116,726

2.7341 GBP

10 10/11p ordinary

Sale

105,101

2.7351 GBP

10 10/11p ordinary

Sale

83,990

2.7336 GBP

10 10/11p ordinary

Sale

30,156

2.7400 GBP

10 10/11p ordinary

Sale

29,739

2.7338 GBP

10 10/11p ordinary

Sale

23,737

2.7294 GBP

10 10/11p ordinary

Sale

10,351

2.7273 GBP

10 10/11p ordinary

Sale

7,044

2.7373 GBP

10 10/11p ordinary

Sale

5,696

2.7381 GBP

10 10/11p ordinary

Sale

4,725

2.7315 GBP

10 10/11p ordinary

Sale

3,201

2.7332 GBP

10 10/11p ordinary

Sale

2,991

2.7378 GBP

10 10/11p ordinary

Sale

2,865

2.7479 GBP

10 10/11p ordinary

Sale

2,506

2.7440 GBP

10 10/11p ordinary

Sale

2,195

2.7339 GBP

10 10/11p ordinary

Sale

2,175

2.7460 GBP

10 10/11p ordinary

Sale

2,015

2.7397 GBP

10 10/11p ordinary

Sale

1,654

2.7420 GBP

10 10/11p ordinary

Sale

1,083

2.7366 GBP

ADR

Sale

1,000

14.1300 USD

10 10/11p ordinary

Sale

992

2.7380 GBP

10 10/11p ordinary

Sale

165

2.7369 GBP

10 10/11p ordinary

Sale

92

2.7389 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

Increasing Short

500,000

2.7350 GBP

10 10/11p ordinary

SWAP

Decreasing Short

10,351

2.7273 GBP

10 10/11p ordinary

SWAP

Decreasing Short

23,737

2.7294 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,725

2.7315 GBP

10 10/11p ordinary

SWAP

Decreasing Short

52,397

2.7336 GBP

10 10/11p ordinary

SWAP

Decreasing Short

33,294

2.7338 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,195

2.7339 GBP

10 10/11p ordinary

SWAP

Decreasing Short

116,726

2.7341 GBP

10 10/11p ordinary

SWAP

Decreasing Short

105,101

2.7351 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,083

2.7366 GBP

10 10/11p ordinary

SWAP

Decreasing Short

165

2.7369 GBP

10 10/11p ordinary

SWAP

Decreasing Short

188,116

2.7373 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,991

2.7378 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,696

2.7381 GBP

10 10/11p ordinary

SWAP

Decreasing Short

180

2.7394 GBP

10 10/11p ordinary

SWAP

Decreasing Short

88,397

2.7395 GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,789

2.7398 GBP

10 10/11p ordinary

SWAP

Decreasing Short

299,817

2.7400 GBP

10 10/11p ordinary

SWAP

Increasing Short

26,823

2.7320 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,005

2.7351 GBP

10 10/11p ordinary

SWAP

Increasing Short

500,000

2.7373 GBP

10 10/11p ordinary

SWAP

Increasing Short

14,883

2.7390 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,783

2.7396 GBP

10 10/11p ordinary

SWAP

Increasing Short

8,979

2.7400 GBP

10 10/11p ordinary

SWAP

Increasing Short

82,393

2.7401 GBP

10 10/11p ordinary

SWAP

Increasing Short

18,159

2.7403 GBP

10 10/11p ordinary

SWAP

Increasing Short

99,021

2.7406 GBP

10 10/11p ordinary

SWAP

Increasing Short

14,600

2.7433 GBP

10 10/11p ordinary

CFD

Decreasing Short

67,174

2.7397 GBP

10 10/11p ordinary

CFD

Increasing Short

721

2.7301 GBP

10 10/11p ordinary

CFD

Increasing Short

350

2.7322 GBP

10 10/11p ordinary

CFD

Increasing Short

650

2.7332 GBP

10 10/11p ordinary

CFD

Increasing Short

14,683

2.7380 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:

12 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213