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:

19 Dec 2024

(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:

9,659,030

0.74%

14,355,948

1.09%

(2) Cash-settled derivatives:

13,832,260

1.05%

7,508,976

0.57%

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

0

0.00%

0

0.00%

TOTAL: 

23,491,290

1.79%

21,864,924

1.67%

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

164,510

2.4240 GBP

10 10/11p ordinary

Purchase

137,663

2.4238 GBP

10 10/11p ordinary

Purchase

97,685

2.4239 GBP

10 10/11p ordinary

Purchase

77,825

2.4158 GBP

10 10/11p ordinary

Purchase

43,620

2.4172 GBP

10 10/11p ordinary

Purchase

26,902

2.4206 GBP

10 10/11p ordinary

Purchase

18,400

2.4143 GBP

10 10/11p ordinary

Purchase

6,802

2.4123 GBP

10 10/11p ordinary

Purchase

6,301

2.4184 GBP

10 10/11p ordinary

Purchase

6,034

2.4160 GBP

10 10/11p ordinary

Purchase

6,000

2.4177 GBP

10 10/11p ordinary

Purchase

5,372

2.4140 GBP

10 10/11p ordinary

Purchase

4,008

2.4155 GBP

10 10/11p ordinary

Purchase

3,979

2.4162 GBP

10 10/11p ordinary

Purchase

3,865

2.4193 GBP

10 10/11p ordinary

Purchase

3,796

2.4180 GBP

10 10/11p ordinary

Purchase

2,969

2.4136 GBP

10 10/11p ordinary

Purchase

2,252

2.4200 GBP

10 10/11p ordinary

Purchase

997

2.4178 GBP

10 10/11p ordinary

Purchase

903

2.4192 GBP

10 10/11p ordinary

Purchase

764

2.4175 GBP

ADR

Purchase

16

11.9100 USD

10 10/11p ordinary

Purchase

9

2.4153 GBP

10 10/11p ordinary

Sale

1,289,298

2.4240 GBP

10 10/11p ordinary

Sale

418,230

2.4222 GBP

10 10/11p ordinary

Sale

124,800

2.4220 GBP

10 10/11p ordinary

Sale

102,086

2.4149 GBP

10 10/11p ordinary

Sale

78,104

2.4177 GBP

10 10/11p ordinary

Sale

45,876

2.4145 GBP

10 10/11p ordinary

Sale

38,505

2.4172 GBP

10 10/11p ordinary

Sale

17,336

2.4138 GBP

10 10/11p ordinary

Sale

12,948

2.4140 GBP

10 10/11p ordinary

Sale

12,080

2.4163 GBP

10 10/11p ordinary

Sale

9,343

2.4146 GBP

10 10/11p ordinary

Sale

9,080

2.4239 GBP

10 10/11p ordinary

Sale

8,811

2.4141 GBP

10 10/11p ordinary

Sale

5,896

2.4153 GBP

10 10/11p ordinary

Sale

5,476

2.4196 GBP

10 10/11p ordinary

Sale

4,817

2.4144 GBP

10 10/11p ordinary

Sale

3,895

2.4160 GBP

10 10/11p ordinary

Sale

3,827

2.4161 GBP

10 10/11p ordinary

Sale

2,052

2.4152 GBP

10 10/11p ordinary

Sale

813

2.4120 GBP

10 10/11p ordinary

Sale

779

2.4169 GBP

10 10/11p ordinary

Sale

760

2.4100 GBP

10 10/11p ordinary

Sale

668

2.4180 GBP

10 10/11p ordinary

Sale

578

2.4185 GBP

ADR

Sale

16

11.9100 USD

(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

2,347

2.4132 GBP

10 10/11p ordinary

SWAP

Increasing Long

5,000

2.4137 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,096

2.4138 GBP

10 10/11p ordinary

SWAP

Increasing Long

45,876

2.4145 GBP

10 10/11p ordinary

SWAP

Increasing Long

102,086

2.4149 GBP

10 10/11p ordinary

SWAP

Increasing Long

12,673

2.4155 GBP

10 10/11p ordinary

SWAP

Increasing Long

38,165

2.4159 GBP

10 10/11p ordinary

SWAP

Increasing Long

38,051

2.4182 GBP

10 10/11p ordinary

SWAP

Increasing Long

578

2.4185 GBP

10 10/11p ordinary

SWAP

Increasing Long

5,476

2.4196 GBP

10 10/11p ordinary

SWAP

Increasing Long

124,800

2.4220 GBP

10 10/11p ordinary

SWAP

Increasing Long

12,929

2.4230 GBP

10 10/11p ordinary

SWAP

Increasing Long

201,777

2.4239 GBP

10 10/11p ordinary

SWAP

Increasing Long

115,406

2.4240 GBP

10 10/11p ordinary

SWAP

Decreasing Long

6,802

2.4123 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,250

2.4153 GBP

10 10/11p ordinary

SWAP

Decreasing Long

588

2.4155 GBP

10 10/11p ordinary

SWAP

Decreasing Long

659

2.4160 GBP

10 10/11p ordinary

SWAP

Decreasing Long

274

2.4161 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,979

2.4162 GBP

10 10/11p ordinary

SWAP

Decreasing Long

283

2.4165 GBP

10 10/11p ordinary

SWAP

Decreasing Long

43,620

2.4172 GBP

10 10/11p ordinary

SWAP

Decreasing Long

764

2.4174 GBP

10 10/11p ordinary

SWAP

Decreasing Long

997

2.4178 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,514

2.4180 GBP

10 10/11p ordinary

SWAP

Decreasing Long

903

2.4192 GBP

10 10/11p ordinary

SWAP

Decreasing Long

26,902

2.4206 GBP

10 10/11p ordinary

SWAP

Decreasing Long

19,631

2.4209 GBP

10 10/11p ordinary

SWAP

Decreasing Long

134,175

2.4235 GBP

10 10/11p ordinary

SWAP

Decreasing Long

141,560

2.4240 GBP

10 10/11p ordinary

SWAP

Decreasing Long

5

2.4243 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:

20 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213