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 Feb 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:

17,433,136

1.33%

12,929,312

0.99%

(2) Cash-settled derivatives:

13,714,546

1.05%

17,193,667

1.31%

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

0

0.00%

0

0.00%

TOTAL: 

31,147,682

2.38%

30,122,979

2.30%

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

888,293

2.6817 GBP

10 10/11p ordinary

Purchase

512,553

2.6770 GBP

10 10/11p ordinary

Purchase

500,000

2.6813 GBP

10 10/11p ordinary

Purchase

225,124

2.6763 GBP

10 10/11p ordinary

Purchase

122,108

2.6758 GBP

10 10/11p ordinary

Purchase

103,323

2.6787 GBP

10 10/11p ordinary

Purchase

58,401

2.6748 GBP

10 10/11p ordinary

Purchase

54,500

2.6760 GBP

10 10/11p ordinary

Purchase

31,715

2.6726 GBP

10 10/11p ordinary

Purchase

22,171

2.6806 GBP

10 10/11p ordinary

Purchase

14,005

2.6769 GBP

10 10/11p ordinary

Purchase

13,411

2.6757 GBP

10 10/11p ordinary

Purchase

12,972

2.6783 GBP

10 10/11p ordinary

Purchase

12,074

2.6683 GBP

10 10/11p ordinary

Purchase

7,278

2.6784 GBP

10 10/11p ordinary

Purchase

7,038

2.6785 GBP

10 10/11p ordinary

Purchase

6,165

2.6766 GBP

10 10/11p ordinary

Purchase

4,243

2.6678 GBP

10 10/11p ordinary

Purchase

3,960

2.6819 GBP

10 10/11p ordinary

Purchase

3,627

2.6792 GBP

10 10/11p ordinary

Purchase

3,468

2.6771 GBP

10 10/11p ordinary

Purchase

2,690

2.6768 GBP

10 10/11p ordinary

Purchase

2,373

2.6840 GBP

10 10/11p ordinary

Purchase

2,320

2.6800 GBP

10 10/11p ordinary

Purchase

2,108

2.6718 GBP

10 10/11p ordinary

Purchase

2,100

2.6838 GBP

10 10/11p ordinary

Purchase

1,671

2.6847 GBP

10 10/11p ordinary

Purchase

1,428

2.6700 GBP

10 10/11p ordinary

Purchase

1,233

2.6680 GBP

10 10/11p ordinary

Purchase

1,200

2.6720 GBP

10 10/11p ordinary

Purchase

868

2.6696 GBP

ADR

Purchase

400

13.4000 USD

10 10/11p ordinary

Sale

364,531

2.6760 GBP

10 10/11p ordinary

Sale

166,220

2.6799 GBP

10 10/11p ordinary

Sale

128,082

2.6751 GBP

10 10/11p ordinary

Sale

116,977

2.6746 GBP

10 10/11p ordinary

Sale

108,392

2.6770 GBP

10 10/11p ordinary

Sale

100,000

2.6780 GBP

10 10/11p ordinary

Sale

68,089

2.6775 GBP

10 10/11p ordinary

Sale

47,750

2.6744 GBP

10 10/11p ordinary

Sale

45,889

2.6800 GBP

10 10/11p ordinary

Sale

45,573

2.6725 GBP

10 10/11p ordinary

Sale

40,783

2.6752 GBP

10 10/11p ordinary

Sale

19,852

2.6767 GBP

10 10/11p ordinary

Sale

18,265

2.6777 GBP

10 10/11p ordinary

Sale

14,408

2.6736 GBP

10 10/11p ordinary

Sale

8,038

2.6712 GBP

10 10/11p ordinary

Sale

7,195

2.6795 GBP

10 10/11p ordinary

Sale

6,307

2.6784 GBP

10 10/11p ordinary

Sale

5,431

2.6843 GBP

10 10/11p ordinary

Sale

4,847

2.6790 GBP

10 10/11p ordinary

Sale

4,590

2.6782 GBP

10 10/11p ordinary

Sale

4,148

2.6831 GBP

10 10/11p ordinary

Sale

3,689

2.6776 GBP

10 10/11p ordinary

Sale

2,904

2.6720 GBP

10 10/11p ordinary

Sale

2,633

2.6768 GBP

10 10/11p ordinary

Sale

2,197

2.6715 GBP

10 10/11p ordinary

Sale

1,671

2.6849 GBP

10 10/11p ordinary

Sale

1,543

2.6797 GBP

10 10/11p ordinary

Sale

1,428

2.6700 GBP

10 10/11p ordinary

Sale

1,233

2.6680 GBP

10 10/11p ordinary

Sale

1,039

2.6840 GBP

10 10/11p ordinary

Sale

577

2.6791 GBP

ADR

Sale

400

13.4000 USD

10 10/11p ordinary

Sale

149

2.6764 GBP

10 10/11p ordinary

Sale

4

2.6705 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 Long

18,940

2.6697 GBP

10 10/11p ordinary

SWAP

Increasing Long

16,947

2.6730 GBP

10 10/11p ordinary

SWAP

Increasing Long

10,900

2.6735 GBP

10 10/11p ordinary

SWAP

Increasing Long

63,863

2.6744 GBP

10 10/11p ordinary

SWAP

Increasing Long

116,977

2.6746 GBP

10 10/11p ordinary

SWAP

Increasing Long

2

2.6758 GBP

10 10/11p ordinary

SWAP

Increasing Long

334,988

2.6760 GBP

10 10/11p ordinary

SWAP

Increasing Long

6,166

2.6762 GBP

10 10/11p ordinary

SWAP

Increasing Long

147

2.6764 GBP

10 10/11p ordinary

SWAP

Increasing Long

72,429

2.6774 GBP

10 10/11p ordinary

SWAP

Increasing Long

22,300

2.6792 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,842

2.6794 GBP

10 10/11p ordinary

SWAP

Decreasing Long

16,317

2.6682 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,108

2.6718 GBP

10 10/11p ordinary

SWAP

Decreasing Long

19,543

2.6719 GBP

10 10/11p ordinary

SWAP

Decreasing Long

21,911

2.6729 GBP

10 10/11p ordinary

SWAP

Decreasing Long

309

2.6745 GBP

10 10/11p ordinary

SWAP

Decreasing Long

37,854

2.6760 GBP

10 10/11p ordinary

SWAP

Decreasing Long

113,440

2.6761 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,468

2.6771 GBP

10 10/11p ordinary

SWAP

Decreasing Long

872

2.6794 GBP

10 10/11p ordinary

SWAP

Decreasing Long

500,000

2.6813 GBP

10 10/11p ordinary

SWAP

Decreasing Long

888,293

2.6817 GBP

10 10/11p ordinary

SWAP

Decreasing Long

403

2.6820 GBP

10 10/11p ordinary

SWAP

Decreasing Long

1,334

2.6840 GBP

10 10/11p ordinary

CFD

Increasing Short

400

2.6661 GBP

10 10/11p ordinary

CFD

Increasing Short

93,571

2.6759 GBP

10 10/11p ordinary

CFD

Increasing Short

192,116

2.6768 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 Feb 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213