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 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:

16,126,821

1.23%

14,177,752

1.08%

(2) Cash-settled derivatives:

14,893,743

1.14%

15,998,362

1.22%

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

0

0.00%

0

0.00%

TOTAL: 

31,020,564

2.37%

30,176,114

2.30%

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

433,012

2.6490 GBP

10 10/11p ordinary

Purchase

250,000

2.6497 GBP

10 10/11p ordinary

Purchase

165,929

2.6558 GBP

10 10/11p ordinary

Purchase

163,927

2.6519 GBP

10 10/11p ordinary

Purchase

74,606

2.6461 GBP

10 10/11p ordinary

Purchase

69,284

2.6545 GBP

10 10/11p ordinary

Purchase

58,253

2.6511 GBP

10 10/11p ordinary

Purchase

55,007

2.6460 GBP

10 10/11p ordinary

Purchase

40,000

2.6486 GBP

10 10/11p ordinary

Purchase

25,243

2.6528 GBP

10 10/11p ordinary

Purchase

21,269

2.6491 GBP

10 10/11p ordinary

Purchase

20,765

2.6510 GBP

10 10/11p ordinary

Purchase

17,918

2.6670 GBP

10 10/11p ordinary

Purchase

16,381

2.6560 GBP

10 10/11p ordinary

Purchase

14,555

2.6504 GBP

10 10/11p ordinary

Purchase

14,401

2.6480 GBP

10 10/11p ordinary

Purchase

14,318

2.6540 GBP

10 10/11p ordinary

Purchase

12,799

2.6640 GBP

10 10/11p ordinary

Purchase

12,748

2.6548 GBP

10 10/11p ordinary

Purchase

7,000

2.6546 GBP

10 10/11p ordinary

Purchase

6,886

2.6600 GBP

10 10/11p ordinary

Purchase

6,797

2.6580 GBP

10 10/11p ordinary

Purchase

5,500

2.6610 GBP

10 10/11p ordinary

Purchase

5,206

2.6620 GBP

10 10/11p ordinary

Purchase

4,943

2.6500 GBP

10 10/11p ordinary

Purchase

4,774

2.6472 GBP

10 10/11p ordinary

Purchase

4,727

2.6555 GBP

10 10/11p ordinary

Purchase

3,819

2.6521 GBP

10 10/11p ordinary

Purchase

3,603

2.6440 GBP

10 10/11p ordinary

Purchase

3,314

2.6420 GBP

10 10/11p ordinary

Purchase

3,073

2.6502 GBP

10 10/11p ordinary

Purchase

2,464

2.6680 GBP

10 10/11p ordinary

Purchase

2,450

2.6601 GBP

10 10/11p ordinary

Purchase

1,187

2.6660 GBP

10 10/11p ordinary

Purchase

1,160

2.6679 GBP

10 10/11p ordinary

Purchase

1,122

2.6520 GBP

10 10/11p ordinary

Purchase

1,029

2.6570 GBP

10 10/11p ordinary

Purchase

912

2.6650 GBP

10 10/11p ordinary

Purchase

415

2.6462 GBP

10 10/11p ordinary

Sale

139,411

2.6472 GBP

10 10/11p ordinary

Sale

137,661

2.6477 GBP

10 10/11p ordinary

Sale

122,664

2.6532 GBP

10 10/11p ordinary

Sale

75,444

2.6533 GBP

10 10/11p ordinary

Sale

75,370

2.6489 GBP

10 10/11p ordinary

Sale

37,183

2.6460 GBP

10 10/11p ordinary

Sale

27,010

2.6459 GBP

10 10/11p ordinary

Sale

21,294

2.6674 GBP

10 10/11p ordinary

Sale

17,088

2.6481 GBP

10 10/11p ordinary

Sale

15,820

2.6560 GBP

10 10/11p ordinary

Sale

15,480

2.6493 GBP

10 10/11p ordinary

Sale

14,401

2.6480 GBP

10 10/11p ordinary

Sale

14,318

2.6540 GBP

10 10/11p ordinary

Sale

12,799

2.6640 GBP

10 10/11p ordinary

Sale

11,104

2.6513 GBP

10 10/11p ordinary

Sale

10,620

2.6572 GBP

10 10/11p ordinary

Sale

6,853

2.6548 GBP

10 10/11p ordinary

Sale

6,059

2.6580 GBP

10 10/11p ordinary

Sale

5,100

2.6458 GBP

10 10/11p ordinary

Sale

4,943

2.6500 GBP

10 10/11p ordinary

Sale

4,184

2.6597 GBP

10 10/11p ordinary

Sale

4,120

2.6563 GBP

10 10/11p ordinary

Sale

3,799

2.6592 GBP

10 10/11p ordinary

Sale

3,603

2.6440 GBP

10 10/11p ordinary

Sale

3,314

2.6420 GBP

10 10/11p ordinary

Sale

2,801

2.6544 GBP

10 10/11p ordinary

Sale

2,667

2.6620 GBP

10 10/11p ordinary

Sale

2,559

2.6598 GBP

10 10/11p ordinary

Sale

2,426

2.6600 GBP

10 10/11p ordinary

Sale

2,005

2.6538 GBP

10 10/11p ordinary

Sale

1,886

2.6520 GBP

10 10/11p ordinary

Sale

1,187

2.6660 GBP

10 10/11p ordinary

Sale

1,160

2.6680 GBP

10 10/11p ordinary

Sale

1,029

2.6570 GBP

10 10/11p ordinary

Sale

912

2.6650 GBP

10 10/11p ordinary

Sale

798

2.6464 GBP

10 10/11p ordinary

Sale

405

2.6499 GBP

10 10/11p ordinary

Sale

190

2.6457 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

190

2.6457 GBP

10 10/11p ordinary

SWAP

Increasing Long

5,100

2.6458 GBP

10 10/11p ordinary

SWAP

Increasing Long

27,010

2.6459 GBP

10 10/11p ordinary

SWAP

Increasing Long

54,721

2.6460 GBP

10 10/11p ordinary

SWAP

Increasing Long

79,287

2.6475 GBP

10 10/11p ordinary

SWAP

Increasing Long

405

2.6499 GBP

10 10/11p ordinary

SWAP

Increasing Long

764

2.6520 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,263

2.6534 GBP

10 10/11p ordinary

SWAP

Increasing Long

6,800

2.6537 GBP

10 10/11p ordinary

SWAP

Increasing Long

6,853

2.6548 GBP

10 10/11p ordinary

SWAP

Increasing Long

3,158

2.6558 GBP

10 10/11p ordinary

SWAP

Increasing Long

7,725

2.6562 GBP

10 10/11p ordinary

SWAP

Increasing Long

15,800

2.6569 GBP

10 10/11p ordinary

SWAP

Increasing Long

10,620

2.6572 GBP

10 10/11p ordinary

SWAP

Decreasing Long

18,172

2.6460 GBP

10 10/11p ordinary

SWAP

Decreasing Long

70,210

2.6461 GBP

10 10/11p ordinary

SWAP

Decreasing Long

415

2.6462 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,774

2.6472 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,652

2.6487 GBP

10 10/11p ordinary

SWAP

Decreasing Long

631

2.6489 GBP

10 10/11p ordinary

SWAP

Decreasing Long

250,000

2.6497 GBP

10 10/11p ordinary

SWAP

Decreasing Long

9,202

2.6501 GBP

10 10/11p ordinary

SWAP

Decreasing Long

16,912

2.6502 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,917

2.6507 GBP

10 10/11p ordinary

SWAP

Decreasing Long

58,253

2.6511 GBP

10 10/11p ordinary

SWAP

Decreasing Long

193,043

2.6519 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1

2.6540 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,418

2.6547 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,205

2.6558 GBP

10 10/11p ordinary

SWAP

Decreasing Long

716

2.6560 GBP

10 10/11p ordinary

SWAP

Decreasing Long

12,127

2.6614 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,100

2.6637 GBP

10 10/11p ordinary

SWAP

Decreasing Long

287,333

2.6669 GBP

10 10/11p ordinary

CFD

Decreasing Short

1,809

2.6578 GBP

10 10/11p ordinary

CFD

Increasing Short

2,954

2.6518 GBP

10 10/11p ordinary

CFD

Increasing Short

57,400

2.6541 GBP

10 10/11p ordinary

CFD

Increasing Short

151,185

2.6560 GBP

10 10/11p ordinary

SWAP

Opening Short

40,000

2.6487 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 Feb 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213