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:

18 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:

17,773,517

1.36%

12,779,734

0.97%

(2) Cash-settled derivatives:

13,554,528

1.03%

17,518,850

1.34%

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

0

0.00%

0

0.00%

TOTAL: 

31,328,045

2.39%

30,298,584

2.31%

Class of relevant security:

Convertible Bond 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

555,316

2.6621 GBP

10 10/11p ordinary

Purchase

416,993

2.6600 GBP

10 10/11p ordinary

Purchase

277,658

2.6684 GBP

10 10/11p ordinary

Purchase

231,579

2.6663 GBP

10 10/11p ordinary

Purchase

55,180

2.6668 GBP

10 10/11p ordinary

Purchase

52,320

2.6628 GBP

10 10/11p ordinary

Purchase

51,198

2.6689 GBP

10 10/11p ordinary

Purchase

31,878

2.6611 GBP

10 10/11p ordinary

Purchase

17,179

2.6718 GBP

10 10/11p ordinary

Purchase

12,590

2.6697 GBP

10 10/11p ordinary

Purchase

12,394

2.6789 GBP

10 10/11p ordinary

Purchase

6,452

2.6664 GBP

10 10/11p ordinary

Purchase

6,342

2.6680 GBP

10 10/11p ordinary

Purchase

1,891

2.6660 GBP

10 10/11p ordinary

Purchase

703

2.6696 GBP

10 10/11p ordinary

Purchase

553

2.6671 GBP

10 10/11p ordinary

Purchase

292

2.6640 GBP

10 10/11p ordinary

Purchase

229

2.6700 GBP

10 10/11p ordinary

Sale

584,324

2.6669 GBP

10 10/11p ordinary

Sale

164,546

2.6646 GBP

10 10/11p ordinary

Sale

90,498

2.6659 GBP

10 10/11p ordinary

Sale

75,237

2.6663 GBP

10 10/11p ordinary

Sale

64,378

2.6600 GBP

10 10/11p ordinary

Sale

56,320

2.6643 GBP

10 10/11p ordinary

Sale

55,174

2.6656 GBP

10 10/11p ordinary

Sale

34,649

2.6634 GBP

10 10/11p ordinary

Sale

11,638

2.6666 GBP

10 10/11p ordinary

Sale

8,437

2.6637 GBP

10 10/11p ordinary

Sale

8,346

2.6790 GBP

10 10/11p ordinary

Sale

8,067

2.6615 GBP

10 10/11p ordinary

Sale

5,318

2.6665 GBP

10 10/11p ordinary

Sale

5,278

2.6708 GBP

10 10/11p ordinary

Sale

4,401

2.6683 GBP

10 10/11p ordinary

Sale

3,093

2.6699 GBP

10 10/11p ordinary

Sale

2,827

2.6691 GBP

10 10/11p ordinary

Sale

2,171

2.6720 GBP

10 10/11p ordinary

Sale

1,766

2.6660 GBP

10 10/11p ordinary

Sale

1,681

2.6780 GBP

10 10/11p ordinary

Sale

1,506

2.6600 GBP

10 10/11p ordinary

Sale

844

2.6620 GBP

10 10/11p ordinary

Sale

584

2.6640 GBP

10 10/11p ordinary

Sale

462

2.6597 GBP

10 10/11p ordinary

Sale

447

2.6664 GBP

10 10/11p ordinary

Sale

318

2.6700 GBP

10 10/11p ordinary

Sale

306

2.6619 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 Long

462

2.6597 GBP

10 10/11p ordinary

SWAP

Increasing Long

80,863

2.6598 GBP

10 10/11p ordinary

SWAP

Increasing Long

62,232

2.6600 GBP

10 10/11p ordinary

SWAP

Increasing Long

306

2.6619 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,460

2.6630 GBP

10 10/11p ordinary

SWAP

Increasing Long

34,649

2.6634 GBP

10 10/11p ordinary

SWAP

Increasing Long

8,237

2.6638 GBP

10 10/11p ordinary

SWAP

Increasing Long

56,320

2.6643 GBP

10 10/11p ordinary

SWAP

Increasing Long

35,948

2.6649 GBP

10 10/11p ordinary

SWAP

Increasing Long

42,464

2.6652 GBP

10 10/11p ordinary

SWAP

Increasing Long

90,498

2.6659 GBP

10 10/11p ordinary

SWAP

Increasing Long

211

2.6660 GBP

10 10/11p ordinary

SWAP

Increasing Long

67,000

2.6666 GBP

10 10/11p ordinary

SWAP

Increasing Long

330,411

2.6668 GBP

10 10/11p ordinary

SWAP

Increasing Long

239,321

2.6669 GBP

10 10/11p ordinary

SWAP

Increasing Long

14,305

2.6679 GBP

10 10/11p ordinary

SWAP

Increasing Long

12,271

2.6687 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,689

2.6688 GBP

10 10/11p ordinary

SWAP

Increasing Long

70,731

2.6691 GBP

10 10/11p ordinary

SWAP

Increasing Long

14,592

2.6692 GBP

10 10/11p ordinary

SWAP

Decreasing Long

340,067

2.6600 GBP

10 10/11p ordinary

SWAP

Decreasing Long

127,588

2.6601 GBP

10 10/11p ordinary

SWAP

Decreasing Long

23,159

2.6603 GBP

10 10/11p ordinary

SWAP

Decreasing Long

31,878

2.6611 GBP

10 10/11p ordinary

SWAP

Decreasing Long

277,658

2.6621 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,065

2.6638 GBP

10 10/11p ordinary

SWAP

Decreasing Long

107,500

2.6649 GBP

10 10/11p ordinary

SWAP

Decreasing Long

555,316

2.6652 GBP

10 10/11p ordinary

SWAP

Decreasing Long

100

2.6660 GBP

10 10/11p ordinary

SWAP

Decreasing Long

553

2.6671 GBP

10 10/11p ordinary

SWAP

Decreasing Long

703

2.6696 GBP

10 10/11p ordinary

SWAP

Decreasing Long

12,590

2.6697 GBP

10 10/11p ordinary

CFD

Increasing Short

3,722

2.6681 GBP

10 10/11p ordinary

CFD

Increasing Short

149,660

2.6697 GBP

10 10/11p ordinary

CFD

Increasing Short

73,488

2.6698 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:

19 Feb 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213