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:

22 Jan 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:

13,410,852

1.02%

11,585,776

0.88%

(2) Cash-settled derivatives:

12,269,463

0.94%

13,273,347

1.01%

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

0

0.00%

0

0.00%

TOTAL: 

25,680,315

1.96%

24,859,123

1.90%

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

1,003,826

2.6677 GBP

10 10/11p ordinary

Purchase

733,807

2.6752 GBP

10 10/11p ordinary

Purchase

536,749

2.6739 GBP

10 10/11p ordinary

Purchase

336,023

2.6690 GBP

10 10/11p ordinary

Purchase

152,177

2.6693 GBP

10 10/11p ordinary

Purchase

140,616

2.6727 GBP

10 10/11p ordinary

Purchase

96,850

2.6702 GBP

10 10/11p ordinary

Purchase

51,639

2.6732 GBP

10 10/11p ordinary

Purchase

47,072

2.6718 GBP

10 10/11p ordinary

Purchase

43,089

2.6756 GBP

10 10/11p ordinary

Purchase

41,194

2.6680 GBP

10 10/11p ordinary

Purchase

36,629

2.6706 GBP

10 10/11p ordinary

Purchase

33,240

2.6710 GBP

10 10/11p ordinary

Purchase

31,548

2.6683 GBP

10 10/11p ordinary

Purchase

30,569

2.6599 GBP

10 10/11p ordinary

Purchase

25,104

2.6700 GBP

10 10/11p ordinary

Purchase

24,175

2.6722 GBP

10 10/11p ordinary

Purchase

23,343

2.6694 GBP

10 10/11p ordinary

Purchase

23,194

2.6724 GBP

10 10/11p ordinary

Purchase

15,485

2.6725 GBP

10 10/11p ordinary

Purchase

15,135

2.6697 GBP

10 10/11p ordinary

Purchase

14,601

2.6622 GBP

10 10/11p ordinary

Purchase

11,155

2.6719 GBP

10 10/11p ordinary

Purchase

10,182

2.6698 GBP

ADR

Purchase

10,000

12.7800 USD

10 10/11p ordinary

Purchase

7,331

2.6627 GBP

10 10/11p ordinary

Purchase

6,120

2.6632 GBP

10 10/11p ordinary

Purchase

3,275

2.6708 GBP

10 10/11p ordinary

Purchase

2,158

2.6734 GBP

10 10/11p ordinary

Purchase

2,074

2.6685 GBP

10 10/11p ordinary

Purchase

1,158

2.6780 GBP

10 10/11p ordinary

Purchase

1,098

2.6740 GBP

10 10/11p ordinary

Purchase

516

2.6560 GBP

10 10/11p ordinary

Purchase

83

2.6640 GBP

10 10/11p ordinary

Sale

277,332

2.6700 GBP

10 10/11p ordinary

Sale

60,989

2.6686 GBP

10 10/11p ordinary

Sale

58,166

2.6675 GBP

10 10/11p ordinary

Sale

55,850

2.6688 GBP

10 10/11p ordinary

Sale

13,980

2.6736 GBP

10 10/11p ordinary

Sale

11,861

2.6671 GBP

10 10/11p ordinary

Sale

10,387

2.6698 GBP

10 10/11p ordinary

Sale

7,031

2.6664 GBP

10 10/11p ordinary

Sale

4,878

2.6680 GBP

10 10/11p ordinary

Sale

3,318

2.6717 GBP

10 10/11p ordinary

Sale

3,275

2.6711 GBP

10 10/11p ordinary

Sale

3,153

2.6705 GBP

10 10/11p ordinary

Sale

2,455

2.6693 GBP

10 10/11p ordinary

Sale

2,119

2.6575 GBP

10 10/11p ordinary

Sale

1,627

2.6719 GBP

10 10/11p ordinary

Sale

1,098

2.6742 GBP

10 10/11p ordinary

Sale

1,032

2.6560 GBP

10 10/11p ordinary

Sale

261

2.6739 GBP

10 10/11p ordinary

Sale

83

2.6640 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

36,210

2.6703 GBP

10 10/11p ordinary

SWAP

Increasing Long

1

2.6180 GBP

10 10/11p ordinary

SWAP

Increasing Long

60,989

2.6686 GBP

10 10/11p ordinary

SWAP

Increasing Long

2,455

2.6693 GBP

10 10/11p ordinary

SWAP

Increasing Long

33,533

2.6695 GBP

10 10/11p ordinary

SWAP

Increasing Long

63,359

2.6697 GBP

10 10/11p ordinary

SWAP

Increasing Long

9,300

2.6710 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,627

2.6719 GBP

10 10/11p ordinary

SWAP

Increasing Long

261

2.6739 GBP

10 10/11p ordinary

SWAP

Decreasing Long

336,023

2.6690 GBP

10 10/11p ordinary

SWAP

Decreasing Long

46,885

2.6695 GBP

10 10/11p ordinary

SWAP

Decreasing Long

74,646

2.6700 GBP

10 10/11p ordinary

SWAP

Decreasing Long

21,116

2.6703 GBP

10 10/11p ordinary

SWAP

Decreasing Long

32,066

2.6705 GBP

10 10/11p ordinary

SWAP

Decreasing Long

22,500

2.6706 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,863

2.6709 GBP

10 10/11p ordinary

SWAP

Decreasing Long

11,155

2.6719 GBP

10 10/11p ordinary

SWAP

Decreasing Long

75,550

2.6723 GBP

10 10/11p ordinary

SWAP

Decreasing Long

23,194

2.6724 GBP

10 10/11p ordinary

SWAP

Decreasing Long

3,446

2.6725 GBP

10 10/11p ordinary

SWAP

Decreasing Long

196,222

2.6727 GBP

10 10/11p ordinary

SWAP

Decreasing Long

504,683

2.6741 GBP

10 10/11p ordinary

SWAP

Decreasing Long

43,089

2.6756 GBP

10 10/11p ordinary

CFD

Increasing Short

2,074

2.6685 GBP

10 10/11p ordinary

CFD

Increasing Short

1,733,807

2.6708 GBP

10 10/11p ordinary

CFD

Increasing Short

40,000

2.7062 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:

23 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213