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:

14 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:

34,446,733

2.63%

10,937,306

0.83%

(2) Cash-settled derivatives:

10,581,847

0.81%

33,808,210

2.58%

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

0

0.00%

0

0.00%

TOTAL: 

45,028,580

3.43%

44,745,516

3.41%

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

500,000

2.7661 GBP

10 10/11p ordinary

Purchase

212,256

2.7940 GBP

10 10/11p ordinary

Purchase

90,328

2.7915 GBP

10 10/11p ordinary

Purchase

82,000

2.7896 GBP

10 10/11p ordinary

Purchase

51,581

2.7884 GBP

10 10/11p ordinary

Purchase

31,838

2.7910 GBP

10 10/11p ordinary

Purchase

17,803

2.7885 GBP

10 10/11p ordinary

Purchase

10,748

2.7923 GBP

10 10/11p ordinary

Purchase

5,402

2.7879 GBP

10 10/11p ordinary

Purchase

2,483

2.7860 GBP

10 10/11p ordinary

Purchase

1,707

2.7956 GBP

10 10/11p ordinary

Purchase

850

2.7877 GBP

10 10/11p ordinary

Purchase

378

2.7900 GBP

10 10/11p ordinary

Sale

185,253

2.7918 GBP

10 10/11p ordinary

Sale

78,684

2.7939 GBP

10 10/11p ordinary

Sale

76,330

2.7940 GBP

10 10/11p ordinary

Sale

42,658

2.7900 GBP

10 10/11p ordinary

Sale

40,711

2.7926 GBP

10 10/11p ordinary

Sale

32,061

2.7850 GBP

10 10/11p ordinary

Sale

16,376

2.7877 GBP

10 10/11p ordinary

Sale

11,618

2.7907 GBP

10 10/11p ordinary

Sale

9,281

2.7875 GBP

10 10/11p ordinary

Sale

6,872

2.7858 GBP

10 10/11p ordinary

Sale

6,519

2.7853 GBP

10 10/11p ordinary

Sale

6,150

2.7869 GBP

10 10/11p ordinary

Sale

5,169

2.7952 GBP

10 10/11p ordinary

Sale

4,966

2.7860 GBP

10 10/11p ordinary

Sale

4,875

2.7857 GBP

10 10/11p ordinary

Sale

4,511

2.7836 GBP

10 10/11p ordinary

Sale

4,093

2.7920 GBP

10 10/11p ordinary

Sale

3,041

2.7868 GBP

10 10/11p ordinary

Sale

2,974

2.7914 GBP

10 10/11p ordinary

Sale

2,085

2.7949 GBP

10 10/11p ordinary

Sale

2,055

2.7880 GBP

10 10/11p ordinary

Sale

1,429

2.7937 GBP

10 10/11p ordinary

Sale

838

2.7876 GBP

10 10/11p ordinary

Sale

290

2.7925 GBP

10 10/11p ordinary

Sale

172

2.7890 GBP

10 10/11p ordinary

Sale

140

2.7919 GBP

10 10/11p ordinary

Sale

60

2.7780 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

500,000

2.7660 GBP

10 10/11p ordinary

SWAP

Decreasing Short

9,665

2.7658 GBP

10 10/11p ordinary

SWAP

Decreasing Short

16,376

2.7877 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,902

2.7880 GBP

10 10/11p ordinary

SWAP

Decreasing Short

95,200

2.7896 GBP

10 10/11p ordinary

SWAP

Decreasing Short

17,644

2.7897 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,680

2.7900 GBP

10 10/11p ordinary

SWAP

Decreasing Short

11,618

2.7907 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,974

2.7914 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,860

2.7920 GBP

10 10/11p ordinary

SWAP

Decreasing Short

25,122

2.7921 GBP

10 10/11p ordinary

SWAP

Decreasing Short

40,711

2.7926 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,429

2.7937 GBP

10 10/11p ordinary

SWAP

Decreasing Short

78,684

2.7939 GBP

10 10/11p ordinary

SWAP

Decreasing Short

90,595

2.7940 GBP

10 10/11p ordinary

SWAP

Decreasing Short

59,200

2.7941 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,085

2.7949 GBP

10 10/11p ordinary

SWAP

Increasing Short

51,581

2.7884 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,542

2.7885 GBP

10 10/11p ordinary

SWAP

Increasing Short

15,401

2.7893 GBP

10 10/11p ordinary

SWAP

Increasing Short

378

2.7900 GBP

10 10/11p ordinary

SWAP

Increasing Short

31,335

2.7910 GBP

10 10/11p ordinary

SWAP

Increasing Short

84,068

2.7914 GBP

10 10/11p ordinary

SWAP

Increasing Short

10,748

2.7923 GBP

10 10/11p ordinary

SWAP

Increasing Short

503

2.7925 GBP

10 10/11p ordinary

SWAP

Increasing Short

137,504

2.7940 GBP

10 10/11p ordinary

SWAP

Increasing Short

59,340

2.7941 GBP

10 10/11p ordinary

CFD

Decreasing Short

3,948

2.7754 GBP

10 10/11p ordinary

CFD

Increasing Short

8,472

2.7898 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:

17 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213