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:

28 Jan 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:

13,595,651

1.04%

13,465,808

1.03%

(2) Cash-settled derivatives:

14,278,531

1.09%

13,596,578

1.04%

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

0

0.00%

0

0.00%

TOTAL: 

27,874,182

2.13%

27,062,386

2.06%

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

281,416

2.6500 GBP

10 10/11p ordinary

Purchase

136,143

2.6542 GBP

10 10/11p ordinary

Purchase

61,345

2.6632 GBP

10 10/11p ordinary

Purchase

37,368

2.6597 GBP

10 10/11p ordinary

Purchase

18,128

2.6578 GBP

10 10/11p ordinary

Purchase

15,830

2.6634 GBP

10 10/11p ordinary

Purchase

10,582

2.6636 GBP

10 10/11p ordinary

Purchase

9,821

2.6622 GBP

10 10/11p ordinary

Purchase

9,524

2.6641 GBP

10 10/11p ordinary

Purchase

9,410

2.6551 GBP

10 10/11p ordinary

Purchase

7,337

2.6643 GBP

10 10/11p ordinary

Purchase

5,485

2.6616 GBP

10 10/11p ordinary

Purchase

4,945

2.6626 GBP

10 10/11p ordinary

Purchase

4,231

2.6620 GBP

10 10/11p ordinary

Purchase

4,016

2.6615 GBP

10 10/11p ordinary

Purchase

3,841

2.6601 GBP

10 10/11p ordinary

Purchase

3,620

2.6565 GBP

10 10/11p ordinary

Purchase

2,717

2.6628 GBP

10 10/11p ordinary

Purchase

2,564

2.6677 GBP

10 10/11p ordinary

Purchase

2,194

2.6611 GBP

10 10/11p ordinary

Purchase

1,225

2.6600 GBP

10 10/11p ordinary

Purchase

1,223

2.6580 GBP

10 10/11p ordinary

Purchase

1,160

2.6660 GBP

10 10/11p ordinary

Purchase

1,034

2.6640 GBP

10 10/11p ordinary

Purchase

636

2.6497 GBP

10 10/11p ordinary

Purchase

533

2.6619 GBP

10 10/11p ordinary

Purchase

8

2.6537 GBP

10 10/11p ordinary

Sale

1,057,877

2.6500 GBP

10 10/11p ordinary

Sale

224,294

2.6626 GBP

10 10/11p ordinary

Sale

171,633

2.6524 GBP

10 10/11p ordinary

Sale

153,331

2.6517 GBP

10 10/11p ordinary

Sale

95,954

2.6617 GBP

10 10/11p ordinary

Sale

61,221

2.6499 GBP

10 10/11p ordinary

Sale

48,312

2.6612 GBP

10 10/11p ordinary

Sale

32,197

2.6578 GBP

10 10/11p ordinary

Sale

17,561

2.6614 GBP

10 10/11p ordinary

Sale

2,614

2.6588 GBP

10 10/11p ordinary

Sale

2,026

2.6599 GBP

10 10/11p ordinary

Sale

1,607

2.6654 GBP

10 10/11p ordinary

Sale

1,523

2.6600 GBP

10 10/11p ordinary

Sale

1,491

2.6627 GBP

10 10/11p ordinary

Sale

1,146

2.6660 GBP

10 10/11p ordinary

Sale

339

2.6561 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 Short

31,150

2.6583 GBP

10 10/11p ordinary

SWAP

Increasing Long

98,136

2.6498 GBP

10 10/11p ordinary

SWAP

Increasing Long

61,221

2.6499 GBP

10 10/11p ordinary

SWAP

Increasing Long

919,505

2.6500 GBP

10 10/11p ordinary

SWAP

Increasing Long

71,950

2.6515 GBP

10 10/11p ordinary

SWAP

Increasing Long

89

2.6560 GBP

10 10/11p ordinary

SWAP

Increasing Long

15,315

2.6570 GBP

10 10/11p ordinary

SWAP

Increasing Long

16,882

2.6586 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,026

2.6599 GBP

10 10/11p ordinary

SWAP

Increasing Long

22,093

2.6607 GBP

10 10/11p ordinary

SWAP

Increasing Long

33,327

2.6609 GBP

10 10/11p ordinary

SWAP

Increasing Long

91,679

2.6621 GBP

10 10/11p ordinary

SWAP

Increasing Long

8,602

2.6622 GBP

10 10/11p ordinary

SWAP

Increasing Long

224,294

2.6626 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,491

2.6627 GBP

10 10/11p ordinary

SWAP

Increasing Long

28,588

2.6632 GBP

10 10/11p ordinary

SWAP

Decreasing Long

102,276

2.6500 GBP

10 10/11p ordinary

SWAP

Decreasing Long

35,173

2.6501 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8

2.6539 GBP

10 10/11p ordinary

SWAP

Decreasing Long

18,128

2.6578 GBP

10 10/11p ordinary

SWAP

Decreasing Long

702

2.6615 GBP

10 10/11p ordinary

SWAP

Decreasing Long

27,508

2.6627 GBP

10 10/11p ordinary

SWAP

Decreasing Long

5,730

2.6630 GBP

10 10/11p ordinary

SWAP

Decreasing Long

61,345

2.6632 GBP

10 10/11p ordinary

SWAP

Decreasing Long

10,582

2.6636 GBP

10 10/11p ordinary

SWAP

Decreasing Long

9,524

2.6641 GBP

10 10/11p ordinary

SWAP

Decreasing Long

341

2.6660 GBP

10 10/11p ordinary

CFD

Increasing Short

3,620

2.6565 GBP

10 10/11p ordinary

CFD

Increasing Short

6,802

2.6601 GBP

10 10/11p ordinary

CFD

Increasing Short

30,812

2.6640 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:

29 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213