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:

27 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:

35,155,855

2.68%

7,647,719

0.58%

(2) Cash-settled derivatives:

7,942,320

0.61%

34,061,384

2.60%

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

0

0.00%

0

0.00%

 TOTAL:

43,098,175

3.29%

41,709,103

3.18%

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

236,746

2.8190 GBP

10 10/11p ordinary

Purchase

139,810

2.8191 GBP

10 10/11p ordinary

Purchase

117,964

2.8196 GBP

10 10/11p ordinary

Purchase

103,119

2.8200 GBP

10 10/11p ordinary

Purchase

18,488

2.8158 GBP

10 10/11p ordinary

Purchase

17,750

2.8208 GBP

10 10/11p ordinary

Purchase

15,073

2.8215 GBP

10 10/11p ordinary

Purchase

11,779

2.8160 GBP

10 10/11p ordinary

Purchase

8,869

2.8197 GBP

10 10/11p ordinary

Purchase

8,856

2.8198 GBP

10 10/11p ordinary

Purchase

7,285

2.8151 GBP

10 10/11p ordinary

Purchase

3,750

2.8213 GBP

10 10/11p ordinary

Purchase

3,537

2.8220 GBP

10 10/11p ordinary

Purchase

2,738

2.8224 GBP

10 10/11p ordinary

Purchase

2,595

2.8176 GBP

10 10/11p ordinary

Purchase

2,439

2.8120 GBP

10 10/11p ordinary

Purchase

2,080

2.8099 GBP

10 10/11p ordinary

Purchase

1,912

2.8226 GBP

10 10/11p ordinary

Purchase

1,532

2.8240 GBP

10 10/11p ordinary

Purchase

576

2.8227 GBP

10 10/11p ordinary

Purchase

535

2.8140 GBP

10 10/11p ordinary

Purchase

340

2.8180 GBP

10 10/11p ordinary

Purchase

50

2.8040 GBP

10 10/11p ordinary

Sale

179,811

2.8200 GBP

10 10/11p ordinary

Sale

87,233

2.8202 GBP

10 10/11p ordinary

Sale

61,031

2.8188 GBP

10 10/11p ordinary

Sale

40,000

2.8175 GBP

10 10/11p ordinary

Sale

26,332

2.8167 GBP

10 10/11p ordinary

Sale

24,956

2.8176 GBP

10 10/11p ordinary

Sale

20,227

2.8190 GBP

10 10/11p ordinary

Sale

18,629

2.8171 GBP

10 10/11p ordinary

Sale

17,300

2.8114 GBP

10 10/11p ordinary

Sale

11,756

2.8173 GBP

10 10/11p ordinary

Sale

9,993

2.8119 GBP

10 10/11p ordinary

Sale

9,659

2.8183 GBP

10 10/11p ordinary

Sale

6,807

2.8134 GBP

10 10/11p ordinary

Sale

6,706

2.8184 GBP

10 10/11p ordinary

Sale

5,149

2.8180 GBP

10 10/11p ordinary

Sale

4,992

2.8177 GBP

10 10/11p ordinary

Sale

3,583

2.8192 GBP

10 10/11p ordinary

Sale

3,222

2.8229 GBP

10 10/11p ordinary

Sale

2,611

2.8135 GBP

10 10/11p ordinary

Sale

2,388

2.8122 GBP

10 10/11p ordinary

Sale

1,453

2.8128 GBP

10 10/11p ordinary

Sale

885

2.8158 GBP

10 10/11p ordinary

Sale

809

2.8172 GBP

10 10/11p ordinary

Sale

382

2.8120 GBP

10 10/11p ordinary

Sale

264

2.8239 GBP

10 10/11p ordinary

Sale

172

2.8140 GBP

10 10/11p ordinary

Sale

169

2.8230 GBP

10 10/11p ordinary

Sale

157

2.8201 GBP

10 10/11p ordinary

Sale

50

2.8040 GBP

10 10/11p ordinary

Sale

42

2.8159 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

11,900

2.8103 GBP

10 10/11p ordinary

SWAP

Decreasing Short

9,993

2.8119 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,388

2.8122 GBP

10 10/11p ordinary

SWAP

Decreasing Short

6,807

2.8134 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,611

2.8135 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,400

2.8138 GBP

10 10/11p ordinary

SWAP

Decreasing Short

18,629

2.8171 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,270

2.8173 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,857

2.8185 GBP

10 10/11p ordinary

SWAP

Decreasing Short

15,772

2.8195 GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,351

2.8200 GBP

10 10/11p ordinary

SWAP

Decreasing Short

245

2.8228 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,283

2.8229 GBP

10 10/11p ordinary

SWAP

Decreasing Short

15

2.8480 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,195

2.8157 GBP

10 10/11p ordinary

SWAP

Increasing Short

18,488

2.8158 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,974

2.8160 GBP

10 10/11p ordinary

SWAP

Increasing Short

900

2.8173 GBP

10 10/11p ordinary

SWAP

Increasing Short

300

2.8180 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,449

2.8182 GBP

10 10/11p ordinary

SWAP

Increasing Short

12,005

2.8185 GBP

10 10/11p ordinary

SWAP

Increasing Short

25,938

2.8193 GBP

10 10/11p ordinary

SWAP

Increasing Short

49,184

2.8196 GBP

10 10/11p ordinary

SWAP

Increasing Short

163,452

2.8200 GBP

10 10/11p ordinary

SWAP

Increasing Short

17,750

2.8208 GBP

10 10/11p ordinary

SWAP

Increasing Short

15,850

2.8217 GBP

10 10/11p ordinary

SWAP

Increasing Short

9,232

2.8236 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,532

2.8240 GBP

10 10/11p ordinary

CFD

Decreasing Short

3,903

2.8110 GBP

10 10/11p ordinary

CFD

Increasing Short

11,166

2.8150 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:

28 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213