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:

20 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:

34,851,636

2.66%

9,171,354

0.69%

(2) Cash-settled derivatives:

9,518,829

0.73%

33,856,041

2.58%

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

0

0.00%

0

0.00%

TOTAL: 

44,370,465

3.38%

43,027,395

3.28%

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

980,657

2.8220 GBP

10 10/11p ordinary

Purchase

254,866

2.8221 GBP

10 10/11p ordinary

Purchase

172,397

2.8235 GBP

10 10/11p ordinary

Purchase

143,783

2.8237 GBP

10 10/11p ordinary

Purchase

31,392

2.8166 GBP

10 10/11p ordinary

Purchase

26,214

2.8219 GBP

10 10/11p ordinary

Purchase

15,027

2.8234 GBP

10 10/11p ordinary

Purchase

14,547

2.8195 GBP

10 10/11p ordinary

Purchase

6,877

2.8274 GBP

10 10/11p ordinary

Purchase

5,965

2.8289 GBP

10 10/11p ordinary

Purchase

5,721

2.8240 GBP

10 10/11p ordinary

Purchase

4,948

2.8238 GBP

10 10/11p ordinary

Purchase

3,636

2.8160 GBP

10 10/11p ordinary

Purchase

2,746

2.8202 GBP

10 10/11p ordinary

Purchase

2,040

2.8222 GBP

10 10/11p ordinary

Purchase

1,451

2.8360 GBP

10 10/11p ordinary

Purchase

1,055

2.8201 GBP

10 10/11p ordinary

Purchase

921

2.8180 GBP

10 10/11p ordinary

Purchase

877

2.8300 GBP

10 10/11p ordinary

Purchase

769

2.8229 GBP

10 10/11p ordinary

Purchase

35

2.8177 GBP

10 10/11p ordinary

Sale

252,392

2.8220 GBP

10 10/11p ordinary

Sale

143,324

2.8223 GBP

10 10/11p ordinary

Sale

56,945

2.8219 GBP

10 10/11p ordinary

Sale

50,105

2.8238 GBP

10 10/11p ordinary

Sale

47,310

2.8206 GBP

10 10/11p ordinary

Sale

41,939

2.8199 GBP

10 10/11p ordinary

Sale

35,417

2.8201 GBP

10 10/11p ordinary

Sale

30,117

2.8276 GBP

10 10/11p ordinary

Sale

23,482

2.8218 GBP

10 10/11p ordinary

Sale

16,620

2.8222 GBP

10 10/11p ordinary

Sale

15,940

2.8245 GBP

10 10/11p ordinary

Sale

15,122

2.8254 GBP

10 10/11p ordinary

Sale

13,580

2.8175 GBP

10 10/11p ordinary

Sale

11,600

2.8177 GBP

10 10/11p ordinary

Sale

9,663

2.8260 GBP

10 10/11p ordinary

Sale

9,240

2.8236 GBP

10 10/11p ordinary

Sale

5,827

2.8235 GBP

10 10/11p ordinary

Sale

4,247

2.8253 GBP

10 10/11p ordinary

Sale

3,686

2.8319 GBP

10 10/11p ordinary

Sale

3,634

2.8208 GBP

10 10/11p ordinary

Sale

2,628

2.8185 GBP

10 10/11p ordinary

Sale

2,545

2.8160 GBP

10 10/11p ordinary

Sale

2,336

2.8247 GBP

10 10/11p ordinary

Sale

1,574

2.8162 GBP

10 10/11p ordinary

Sale

1,118

2.8202 GBP

10 10/11p ordinary

Sale

877

2.8300 GBP

10 10/11p ordinary

Sale

777

2.8179 GBP

10 10/11p ordinary

Sale

574

2.8168 GBP

10 10/11p ordinary

Sale

509

2.8240 GBP

10 10/11p ordinary

Sale

401

2.8200 GBP

10 10/11p ordinary

Sale

292

2.8180 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

10,178

2.8159 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,500

2.8177 GBP

10 10/11p ordinary

SWAP

Decreasing Short

6,100

2.8178 GBP

10 10/11p ordinary

SWAP

Decreasing Short

777

2.8179 GBP

10 10/11p ordinary

SWAP

Decreasing Short

41,939

2.8199 GBP

10 10/11p ordinary

SWAP

Decreasing Short

35,417

2.8201 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,118

2.8202 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,112

2.8205 GBP

10 10/11p ordinary

SWAP

Decreasing Short

24,174

2.8208 GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,225

2.8215 GBP

10 10/11p ordinary

SWAP

Decreasing Short

46,988

2.8216 GBP

10 10/11p ordinary

SWAP

Decreasing Short

24,474

2.8218 GBP

10 10/11p ordinary

SWAP

Decreasing Short

57,007

2.8219 GBP

10 10/11p ordinary

SWAP

Decreasing Short

240,172

2.8220 GBP

10 10/11p ordinary

SWAP

Decreasing Short

20,022

2.8222 GBP

10 10/11p ordinary

SWAP

Decreasing Short

54,595

2.8228 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,686

2.8319 GBP

10 10/11p ordinary

SWAP

Decreasing Short

27

2.8480 GBP

10 10/11p ordinary

SWAP

Increasing Short

32,236

2.8167 GBP

10 10/11p ordinary

SWAP

Increasing Short

35

2.8168 GBP

10 10/11p ordinary

SWAP

Increasing Short

14,547

2.8195 GBP

10 10/11p ordinary

SWAP

Increasing Short

13,657

2.8198 GBP

10 10/11p ordinary

SWAP

Increasing Short

51,915

2.8208 GBP

10 10/11p ordinary

SWAP

Increasing Short

206,699

2.8220 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,196

2.8222 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,048

2.8223 GBP

10 10/11p ordinary

SWAP

Increasing Short

38,247

2.8225 GBP

10 10/11p ordinary

SWAP

Increasing Short

147,222

2.8235 GBP

10 10/11p ordinary

SWAP

Increasing Short

135

2.8241 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,547

2.8248 GBP

10 10/11p ordinary

SWAP

Increasing Short

6,877

2.8274 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,896

2.8278 GBP

10 10/11p ordinary

SWAP

Increasing Short

5,965

2.8289 GBP

10 10/11p ordinary

SWAP

Increasing Short

11,526

2.8327 GBP

10 10/11p ordinary

CFD

Decreasing Short

50,088

2.8221 GBP

10 10/11p ordinary

CFD

Increasing Short

773

2.8261 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:

21 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213