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:

27 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:

20,998,408

1.60%

9,730,857

0.74%

(2) Cash-settled derivatives:

10,254,507

0.78%

20,633,581

1.57%

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

0

0.00%

0

0.00%

TOTAL: 

31,252,915

2.38%

30,364,438

2.32%

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

250,000

2.7414 GBP

10 10/11p ordinary

Purchase

145,166

2.7589 GBP

10 10/11p ordinary

Purchase

112,172

2.7765 GBP

10 10/11p ordinary

Purchase

86,960

2.7691 GBP

10 10/11p ordinary

Purchase

45,332

2.7503 GBP

10 10/11p ordinary

Purchase

44,542

2.7594 GBP

10 10/11p ordinary

Purchase

40,886

2.7797 GBP

10 10/11p ordinary

Purchase

30,470

2.7500 GBP

10 10/11p ordinary

Purchase

29,794

2.7470 GBP

10 10/11p ordinary

Purchase

29,682

2.7900 GBP

10 10/11p ordinary

Purchase

22,573

2.7556 GBP

10 10/11p ordinary

Purchase

16,968

2.7640 GBP

10 10/11p ordinary

Purchase

11,830

2.7492 GBP

10 10/11p ordinary

Purchase

9,512

2.7877 GBP

10 10/11p ordinary

Purchase

6,256

2.7698 GBP

10 10/11p ordinary

Purchase

5,722

2.7641 GBP

10 10/11p ordinary

Purchase

4,748

2.7400 GBP

10 10/11p ordinary

Purchase

4,702

2.7478 GBP

10 10/11p ordinary

Purchase

4,227

2.7510 GBP

10 10/11p ordinary

Purchase

4,205

2.7836 GBP

10 10/11p ordinary

Purchase

3,396

2.7311 GBP

10 10/11p ordinary

Purchase

2,171

2.7735 GBP

10 10/11p ordinary

Purchase

1,962

2.7600 GBP

10 10/11p ordinary

Purchase

1,956

2.7674 GBP

10 10/11p ordinary

Purchase

1,925

2.7520 GBP

10 10/11p ordinary

Purchase

1,411

2.7416 GBP

10 10/11p ordinary

Purchase

1,167

2.7660 GBP

10 10/11p ordinary

Purchase

504

2.7375 GBP

10 10/11p ordinary

Purchase

463

2.7360 GBP

10 10/11p ordinary

Purchase

423

2.7540 GBP

10 10/11p ordinary

Purchase

265

2.7280 GBP

10 10/11p ordinary

Purchase

116

2.7531 GBP

10 10/11p ordinary

Purchase

52

2.7630 GBP

10 10/11p ordinary

Purchase

32

2.7620 GBP

10 10/11p ordinary

Purchase

18

2.7840 GBP

10 10/11p ordinary

Sale

463,884

2.7684 GBP

10 10/11p ordinary

Sale

336,447

2.7333 GBP

10 10/11p ordinary

Sale

217,552

2.7220 GBP

10 10/11p ordinary

Sale

172,386

2.7449 GBP

10 10/11p ordinary

Sale

107,506

2.7900 GBP

10 10/11p ordinary

Sale

103,585

2.7761 GBP

10 10/11p ordinary

Sale

91,931

2.7490 GBP

10 10/11p ordinary

Sale

86,748

2.7644 GBP

10 10/11p ordinary

Sale

42,100

2.7495 GBP

10 10/11p ordinary

Sale

20,354

2.7502 GBP

10 10/11p ordinary

Sale

15,773

2.7579 GBP

10 10/11p ordinary

Sale

14,324

2.7769 GBP

10 10/11p ordinary

Sale

7,158

2.7583 GBP

10 10/11p ordinary

Sale

6,966

2.7763 GBP

10 10/11p ordinary

Sale

6,745

2.7500 GBP

10 10/11p ordinary

Sale

6,732

2.7392 GBP

10 10/11p ordinary

Sale

6,460

2.7711 GBP

10 10/11p ordinary

Sale

4,694

2.7339 GBP

10 10/11p ordinary

Sale

4,689

2.7320 GBP

10 10/11p ordinary

Sale

3,604

2.7570 GBP

10 10/11p ordinary

Sale

3,346

2.7658 GBP

10 10/11p ordinary

Sale

2,622

2.7547 GBP

10 10/11p ordinary

Sale

2,150

2.7820 GBP

10 10/11p ordinary

Sale

1,598

2.7315 GBP

10 10/11p ordinary

Sale

1,033

2.7540 GBP

10 10/11p ordinary

Sale

996

2.7630 GBP

10 10/11p ordinary

Sale

396

2.7794 GBP

10 10/11p ordinary

Sale

55

2.7860 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

500,000

2.6386 GBP

10 10/11p ordinary

SWAP

Decreasing Short

217,552

2.7220 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,598

2.7315 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,689

2.7319 GBP

10 10/11p ordinary

SWAP

Decreasing Short

334,585

2.7332 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,694

2.7339 GBP

10 10/11p ordinary

SWAP

Decreasing Short

89,958

2.7403 GBP

10 10/11p ordinary

SWAP

Decreasing Short

24,400

2.7472 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,862

2.7479 GBP

10 10/11p ordinary

SWAP

Decreasing Short

78,657

2.7497 GBP

10 10/11p ordinary

SWAP

Decreasing Short

7,021

2.7520 GBP

10 10/11p ordinary

SWAP

Decreasing Short

17,700

2.7527 GBP

10 10/11p ordinary

SWAP

Decreasing Short

30,530

2.7605 GBP

10 10/11p ordinary

SWAP

Decreasing Short

10,942

2.7627 GBP

10 10/11p ordinary

SWAP

Decreasing Short

996

2.7630 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,346

2.7658 GBP

10 10/11p ordinary

SWAP

Decreasing Short

463,884

2.7684 GBP

10 10/11p ordinary

SWAP

Decreasing Short

103,585

2.7761 GBP

10 10/11p ordinary

SWAP

Decreasing Short

14,324

2.7769 GBP

10 10/11p ordinary

SWAP

Decreasing Short

396

2.7794 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,150

2.7820 GBP

10 10/11p ordinary

SWAP

Decreasing Short

107,506

2.7900 GBP

10 10/11p ordinary

SWAP

Increasing Short

500,000

2.6380 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,253

2.7120 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,000

2.7392 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,013

2.7400 GBP

10 10/11p ordinary

SWAP

Increasing Short

250,000

2.7414 GBP

10 10/11p ordinary

SWAP

Increasing Short

22,970

2.7575 GBP

10 10/11p ordinary

SWAP

Increasing Short

145,166

2.7589 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,962

2.7600 GBP

10 10/11p ordinary

SWAP

Increasing Short

5,722

2.7641 GBP

10 10/11p ordinary

SWAP

Increasing Short

24,460

2.7663 GBP

10 10/11p ordinary

SWAP

Increasing Short

86,960

2.7691 GBP

10 10/11p ordinary

SWAP

Increasing Short

25,516

2.7840 GBP

10 10/11p ordinary

SWAP

Increasing Short

9,512

2.7877 GBP

10 10/11p ordinary

SWAP

Increasing Short

50,944

2.7900 GBP

10 10/11p ordinary

SWAP

Increasing Short

29,788

2.7901 GBP

10 10/11p ordinary

CFD

Increasing Short

37,845

2.7527 GBP

10 10/11p ordinary

CFD

Increasing Short

613

2.7653 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:

28 Feb 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213