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:

26 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:

35,152,789

2.68%

7,805,708

0.59%

(2) Cash-settled derivatives:

8,120,396

0.62%

33,998,469

2.59%

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

0

0.00%

0

0.00%

 TOTAL:

43,273,185

3.30%

41,804,177

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

147,887

2.8362 GBP

10 10/11p ordinary

Purchase

111,120

2.8360 GBP

10 10/11p ordinary

Purchase

63,864

2.8411 GBP

10 10/11p ordinary

Purchase

63,634

2.8390 GBP

10 10/11p ordinary

Purchase

34,670

2.8359 GBP

10 10/11p ordinary

Purchase

22,683

2.8400 GBP

10 10/11p ordinary

Purchase

22,492

2.8405 GBP

10 10/11p ordinary

Purchase

16,761

2.8402 GBP

10 10/11p ordinary

Purchase

10,594

2.8435 GBP

10 10/11p ordinary

Purchase

4,761

2.8337 GBP

10 10/11p ordinary

Purchase

3,117

2.8412 GBP

10 10/11p ordinary

Purchase

1,539

2.8369 GBP

10 10/11p ordinary

Purchase

1,345

2.8398 GBP

10 10/11p ordinary

Purchase

1,022

2.8430 GBP

10 10/11p ordinary

Purchase

746

2.8332 GBP

10 10/11p ordinary

Purchase

444

2.8399 GBP

10 10/11p ordinary

Purchase

381

2.8424 GBP

10 10/11p ordinary

Purchase

40

2.8330 GBP

10 10/11p ordinary

Purchase

8

2.8420 GBP

10 10/11p ordinary

Sale

79,741

2.8360 GBP

10 10/11p ordinary

Sale

57,914

2.8379 GBP

10 10/11p ordinary

Sale

25,751

2.8380 GBP

10 10/11p ordinary

Sale

10,594

2.8435 GBP

10 10/11p ordinary

Sale

3,935

2.8319 GBP

10 10/11p ordinary

Sale

3,896

2.8385 GBP

10 10/11p ordinary

Sale

3,700

2.8373 GBP

10 10/11p ordinary

Sale

2,766

2.8400 GBP

10 10/11p ordinary

Sale

2,244

2.8376 GBP

10 10/11p ordinary

Sale

1,512

2.8340 GBP

10 10/11p ordinary

Sale

1,236

2.8344 GBP

10 10/11p ordinary

Sale

1,074

2.8320 GBP

10 10/11p ordinary

Sale

746

2.8332 GBP

10 10/11p ordinary

Sale

672

2.8430 GBP

10 10/11p ordinary

Sale

381

2.8427 GBP

10 10/11p ordinary

Sale

281

2.8440 GBP

10 10/11p ordinary

Sale

87

2.8500 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

3,935

2.8319 GBP

10 10/11p ordinary

SWAP

Decreasing Short

780

2.8320 GBP

10 10/11p ordinary

SWAP

Decreasing Short

581

2.8341 GBP

10 10/11p ordinary

SWAP

Decreasing Short

147

2.8342 GBP

10 10/11p ordinary

SWAP

Decreasing Short

17,867

2.8360 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,700

2.8373 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,244

2.8376 GBP

10 10/11p ordinary

SWAP

Decreasing Short

25,751

2.8380 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,896

2.8385 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,800

2.8340 GBP

10 10/11p ordinary

SWAP

Increasing Short

143,281

2.8360 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,100

2.8362 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,439

2.8364 GBP

10 10/11p ordinary

SWAP

Increasing Short

182

2.8368 GBP

10 10/11p ordinary

SWAP

Increasing Short

123,570

2.8390 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,345

2.8398 GBP

10 10/11p ordinary

SWAP

Increasing Short

22,590

2.8400 GBP

10 10/11p ordinary

SWAP

Increasing Short

16,761

2.8402 GBP

10 10/11p ordinary

SWAP

Increasing Short

22,533

2.8408 GBP

10 10/11p ordinary

SWAP

Increasing Short

21,761

2.8410 GBP

10 10/11p ordinary

SWAP

Increasing Short

650

2.8412 GBP

10 10/11p ordinary

CFD

Decreasing Short

8,279

2.8339 GBP

10 10/11p ordinary

CFD

Increasing Short

13,799

2.8421 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:

27 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213