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:

19 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:

34,629,357

2.64%

9,821,178

0.74%

(2) Cash-settled derivatives:

9,409,282

0.72%

33,840,572

2.58%

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

0

0.00%

0

0.00%

TOTAL: 

44,038,639

3.36%

43,661,750

3.32%

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

330,832

2.8360 GBP

10 10/11p ordinary

Purchase

177,867

2.8363 GBP

10 10/11p ordinary

Purchase

111,873

2.8357 GBP

10 10/11p ordinary

Purchase

46,296

2.8395 GBP

10 10/11p ordinary

Purchase

22,548

2.8377 GBP

10 10/11p ordinary

Purchase

12,791

2.8460 GBP

10 10/11p ordinary

Purchase

9,975

2.8426 GBP

10 10/11p ordinary

Purchase

5,993

2.8390 GBP

10 10/11p ordinary

Purchase

3,830

2.8454 GBP

10 10/11p ordinary

Purchase

3,487

2.8450 GBP

10 10/11p ordinary

Purchase

2,641

2.8417 GBP

10 10/11p ordinary

Purchase

1,820

2.8384 GBP

10 10/11p ordinary

Purchase

1,229

2.8440 GBP

10 10/11p ordinary

Purchase

784

2.8380 GBP

10 10/11p ordinary

Purchase

731

2.8480 GBP

10 10/11p ordinary

Purchase

581

2.8411 GBP

10 10/11p ordinary

Purchase

563

2.8430 GBP

10 10/11p ordinary

Purchase

545

2.8420 GBP

10 10/11p ordinary

Purchase

487

2.8400 GBP

10 10/11p ordinary

Purchase

240

2.8410 GBP

10 10/11p ordinary

Purchase

154

2.8479 GBP

10 10/11p ordinary

Purchase

76

2.8398 GBP

10 10/11p ordinary

Sale

111,873

2.8357 GBP

10 10/11p ordinary

Sale

60,274

2.8361 GBP

10 10/11p ordinary

Sale

35,142

2.8359 GBP

10 10/11p ordinary

Sale

22,402

2.8400 GBP

10 10/11p ordinary

Sale

6,072

2.8410 GBP

10 10/11p ordinary

Sale

4,940

2.8360 GBP

10 10/11p ordinary

Sale

3,888

2.8367 GBP

10 10/11p ordinary

Sale

3,494

2.8387 GBP

10 10/11p ordinary

Sale

3,411

2.8460 GBP

10 10/11p ordinary

Sale

3,100

2.8375 GBP

10 10/11p ordinary

Sale

2,531

2.8340 GBP

10 10/11p ordinary

Sale

2,001

2.8328 GBP

10 10/11p ordinary

Sale

1,566

2.8383 GBP

10 10/11p ordinary

Sale

1,472

2.8380 GBP

10 10/11p ordinary

Sale

1,465

2.8397 GBP

10 10/11p ordinary

Sale

1,241

2.8425 GBP

10 10/11p ordinary

Sale

789

2.8440 GBP

10 10/11p ordinary

Sale

685

2.8415 GBP

10 10/11p ordinary

Sale

589

2.8438 GBP

10 10/11p ordinary

Sale

494

2.8420 GBP

10 10/11p ordinary

Sale

241

2.8457 GBP

10 10/11p ordinary

Sale

209

2.8452 GBP

10 10/11p ordinary

Sale

154

2.8480 GBP

10 10/11p ordinary

Sale

94

2.8419 GBP

10 10/11p ordinary

Sale

5

2.8362 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

44

2.8220 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,366

2.8359 GBP

10 10/11p ordinary

SWAP

Decreasing Short

7,542

2.8360 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5

2.8362 GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,404

2.8364 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,888

2.8367 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,100

2.8375 GBP

10 10/11p ordinary

SWAP

Decreasing Short

322

2.8397 GBP

10 10/11p ordinary

SWAP

Decreasing Short

21,991

2.8400 GBP

10 10/11p ordinary

SWAP

Decreasing Short

6,072

2.8410 GBP

10 10/11p ordinary

SWAP

Decreasing Short

685

2.8415 GBP

10 10/11p ordinary

SWAP

Decreasing Short

94

2.8419 GBP

10 10/11p ordinary

SWAP

Decreasing Short

209

2.8452 GBP

10 10/11p ordinary

SWAP

Decreasing Short

194

2.8454 GBP

10 10/11p ordinary

SWAP

Decreasing Short

241

2.8457 GBP

10 10/11p ordinary

SWAP

Increasing Short

225

2.8313 GBP

10 10/11p ordinary

SWAP

Increasing Short

314,595

2.8360 GBP

10 10/11p ordinary

SWAP

Increasing Short

22,548

2.8377 GBP

10 10/11p ordinary

SWAP

Increasing Short

32,004

2.8381 GBP

10 10/11p ordinary

SWAP

Increasing Short

272

2.8382 GBP

10 10/11p ordinary

SWAP

Increasing Short

43,707

2.8383 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,820

2.8384 GBP

10 10/11p ordinary

SWAP

Increasing Short

50,674

2.8395 GBP

10 10/11p ordinary

SWAP

Increasing Short

76

2.8398 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,269

2.8418 GBP

10 10/11p ordinary

SWAP

Increasing Short

5,435

2.8427 GBP

10 10/11p ordinary

SWAP

Increasing Short

6,091

2.8460 GBP

10 10/11p ordinary

CFD

Decreasing Short

46,625

2.8357 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:

20 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213