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:

31 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:

35,153,308

2.68%

7,810,069

0.59%

(2) Cash-settled derivatives:

7,999,077

0.61%

34,038,000

2.60%

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

0

0.00%

0

0.00%

 TOTAL: 

43,152,385

3.29%

41,848,069

3.19%

Class of relevant security:

Restricted Tier 1 Note XS1728036366

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

0

0.00%

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: 

0

0.00%

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

200,598

2.8061 GBP

10 10/11p ordinary

Purchase

98,815

2.8120 GBP

10 10/11p ordinary

Purchase

88,588

2.8108 GBP

10 10/11p ordinary

Purchase

87,748

2.8114 GBP

10 10/11p ordinary

Purchase

30,248

2.8092 GBP

10 10/11p ordinary

Purchase

13,030

2.8067 GBP

10 10/11p ordinary

Purchase

8,245

2.8100 GBP

10 10/11p ordinary

Purchase

6,943

2.8020 GBP

10 10/11p ordinary

Purchase

3,931

2.8125 GBP

10 10/11p ordinary

Purchase

3,825

2.8075 GBP

10 10/11p ordinary

Purchase

3,723

2.8040 GBP

10 10/11p ordinary

Purchase

3,555

2.8080 GBP

10 10/11p ordinary

Purchase

3,528

2.8105 GBP

10 10/11p ordinary

Purchase

2,247

2.8000 GBP

10 10/11p ordinary

Purchase

2,000

2.8060 GBP

10 10/11p ordinary

Purchase

1,585

2.8117 GBP

10 10/11p ordinary

Purchase

929

2.8260 GBP

10 10/11p ordinary

Purchase

594

2.8050 GBP

10 10/11p ordinary

Purchase

100

2.8058 GBP

10 10/11p ordinary

Sale

73,888

2.8083 GBP

10 10/11p ordinary

Sale

67,382

2.8037 GBP

10 10/11p ordinary

Sale

59,349

2.8096 GBP

10 10/11p ordinary

Sale

50,528

2.8041 GBP

10 10/11p ordinary

Sale

46,410

2.8105 GBP

10 10/11p ordinary

Sale

42,118

2.8056 GBP

10 10/11p ordinary

Sale

41,895

2.8121 GBP

10 10/11p ordinary

Sale

41,715

2.8120 GBP

10 10/11p ordinary

Sale

40,120

2.8053 GBP

10 10/11p ordinary

Sale

24,541

2.8063 GBP

10 10/11p ordinary

Sale

22,641

2.8074 GBP

10 10/11p ordinary

Sale

11,003

2.8093 GBP

10 10/11p ordinary

Sale

10,704

2.8062 GBP

10 10/11p ordinary

Sale

10,382

2.8072 GBP

10 10/11p ordinary

Sale

9,082

2.8090 GBP

10 10/11p ordinary

Sale

8,551

2.8077 GBP

10 10/11p ordinary

Sale

7,827

2.8078 GBP

10 10/11p ordinary

Sale

7,127

2.8020 GBP

10 10/11p ordinary

Sale

6,902

2.8071 GBP

10 10/11p ordinary

Sale

6,549

2.8104 GBP

10 10/11p ordinary

Sale

5,110

2.8128 GBP

10 10/11p ordinary

Sale

4,990

2.8047 GBP

10 10/11p ordinary

Sale

4,943

2.8107 GBP

10 10/11p ordinary

Sale

4,735

2.8057 GBP

10 10/11p ordinary

Sale

3,700

2.8060 GBP

10 10/11p ordinary

Sale

3,463

2.8040 GBP

10 10/11p ordinary

Sale

3,342

2.8080 GBP

10 10/11p ordinary

Sale

3,342

2.8087 GBP

10 10/11p ordinary

Sale

2,247

2.8000 GBP

10 10/11p ordinary

Sale

1,341

2.8075 GBP

10 10/11p ordinary

Sale

1,098

2.8100 GBP

10 10/11p ordinary

Sale

976

2.8160 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

23,600

2.8036 GBP

10 10/11p ordinary

SWAP

Decreasing Short

59,678

2.8037 GBP

10 10/11p ordinary

SWAP

Decreasing Short

16,401

2.8041 GBP

10 10/11p ordinary

SWAP

Decreasing Short

111

2.8059 GBP

10 10/11p ordinary

SWAP

Decreasing Short

23,766

2.8061 GBP

10 10/11p ordinary

SWAP

Decreasing Short

41,459

2.8063 GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,319

2.8073 GBP

10 10/11p ordinary

SWAP

Decreasing Short

53,800

2.8078 GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,003

2.8093 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,943

2.8107 GBP

10 10/11p ordinary

SWAP

Decreasing Short

34,770

2.8120 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,110

2.8128 GBP

10 10/11p ordinary

SWAP

Decreasing Short

65

2.8220 GBP

10 10/11p ordinary

SWAP

Increasing Short

100

2.8058 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,359

2.8060 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,576

2.8070 GBP

10 10/11p ordinary

SWAP

Increasing Short

375

2.8080 GBP

10 10/11p ordinary

SWAP

Increasing Short

30,248

2.8092 GBP

10 10/11p ordinary

SWAP

Increasing Short

600

2.8100 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,389

2.8101 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,528

2.8105 GBP

10 10/11p ordinary

SWAP

Increasing Short

76,801

2.8110 GBP

10 10/11p ordinary

SWAP

Increasing Short

93,440

2.8120 GBP

10 10/11p ordinary

SWAP

Increasing Short

80,161

2.8121 GBP

10 10/11p ordinary

SWAP

Increasing Short

929

2.8261 GBP

10 10/11p ordinary

CFD

Decreasing Short

5,696

2.8065 GBP

10 10/11p ordinary

CFD

Decreasing Short

8,336

2.8091 GBP

10 10/11p ordinary

CFD

Increasing Short

11,787

2.8101 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:

01 Apr 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213