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:

25 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:

35,103,405

2.68%

8,066,902

0.61%

(2) Cash-settled derivatives:

8,393,521

0.64%

33,963,963

2.59%

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

0

0.00%

0

0.00%

TOTAL: 

43,496,926

3.32%

42,030,865

3.20%

Class of relevant security:

Convertible Bond 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

131,257

2.8300 GBP

10 10/11p ordinary

Purchase

79,557

2.8287 GBP

10 10/11p ordinary

Purchase

29,283

2.8299 GBP

10 10/11p ordinary

Purchase

28,486

2.8310 GBP

10 10/11p ordinary

Purchase

22,009

2.8338 GBP

10 10/11p ordinary

Purchase

14,300

2.8323 GBP

10 10/11p ordinary

Purchase

12,263

2.8328 GBP

10 10/11p ordinary

Purchase

7,585

2.8320 GBP

10 10/11p ordinary

Purchase

6,500

2.8301 GBP

10 10/11p ordinary

Purchase

4,086

2.8302 GBP

10 10/11p ordinary

Purchase

3,772

2.8345 GBP

10 10/11p ordinary

Purchase

2,914

2.8378 GBP

10 10/11p ordinary

Purchase

793

2.8360 GBP

10 10/11p ordinary

Purchase

619

2.8260 GBP

10 10/11p ordinary

Purchase

571

2.8240 GBP

ADR

Purchase

400

14.6000 USD

10 10/11p ordinary

Purchase

200

2.8160 GBP

10 10/11p ordinary

Purchase

112

2.8340 GBP

10 10/11p ordinary

Purchase

64

2.8430 GBP

10 10/11p ordinary

Sale

78,649

2.8299 GBP

10 10/11p ordinary

Sale

70,832

2.8296 GBP

10 10/11p ordinary

Sale

43,279

2.8295 GBP

10 10/11p ordinary

Sale

17,389

2.8300 GBP

10 10/11p ordinary

Sale

15,402

2.8304 GBP

10 10/11p ordinary

Sale

14,044

2.8281 GBP

10 10/11p ordinary

Sale

12,377

2.8294 GBP

10 10/11p ordinary

Sale

10,201

2.8340 GBP

10 10/11p ordinary

Sale

10,020

2.8260 GBP

10 10/11p ordinary

Sale

9,832

2.8320 GBP

10 10/11p ordinary

Sale

8,770

2.8284 GBP

10 10/11p ordinary

Sale

7,125

2.8316 GBP

10 10/11p ordinary

Sale

6,498

2.8327 GBP

10 10/11p ordinary

Sale

5,586

2.8301 GBP

10 10/11p ordinary

Sale

4,800

2.8273 GBP

10 10/11p ordinary

Sale

2,124

2.8310 GBP

10 10/11p ordinary

Sale

2,047

2.8360 GBP

10 10/11p ordinary

Sale

1,893

2.8259 GBP

10 10/11p ordinary

Sale

1,062

2.8297 GBP

10 10/11p ordinary

Sale

815

2.8313 GBP

10 10/11p ordinary

Sale

594

2.8220 GBP

10 10/11p ordinary

Sale

571

2.8240 GBP

ADR

Sale

400

14.6000 USD

10 10/11p ordinary

Sale

200

2.8160 GBP

10 10/11p ordinary

Sale

135

2.8199 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

135

2.8199 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,893

2.8259 GBP

10 10/11p ordinary

SWAP

Decreasing Short

670

2.8268 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,800

2.8273 GBP

10 10/11p ordinary

SWAP

Decreasing Short

14,044

2.8281 GBP

10 10/11p ordinary

SWAP

Decreasing Short

8,770

2.8284 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,306

2.8299 GBP

10 10/11p ordinary

SWAP

Decreasing Short

54,001

2.8300 GBP

10 10/11p ordinary

SWAP

Decreasing Short

15,948

2.8307 GBP

10 10/11p ordinary

SWAP

Decreasing Short

815

2.8313 GBP

10 10/11p ordinary

SWAP

Decreasing Short

787

2.8316 GBP

10 10/11p ordinary

SWAP

Decreasing Short

911

2.8320 GBP

10 10/11p ordinary

SWAP

Decreasing Short

1,368

2.8343 GBP

10 10/11p ordinary

SWAP

Increasing Short

400

2.8213 GBP

10 10/11p ordinary

SWAP

Increasing Short

373

2.8260 GBP

10 10/11p ordinary

SWAP

Increasing Short

55,284

2.8300 GBP

10 10/11p ordinary

SWAP

Increasing Short

6,500

2.8301 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,086

2.8302 GBP

10 10/11p ordinary

SWAP

Increasing Short

17,888

2.8304 GBP

10 10/11p ordinary

SWAP

Increasing Short

6,421

2.8318 GBP

10 10/11p ordinary

SWAP

Increasing Short

14,300

2.8323 GBP

10 10/11p ordinary

SWAP

Increasing Short

12,263

2.8328 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,914

2.8378 GBP

10 10/11p ordinary

CFD

Increasing Short

400

2.8282 GBP

10 10/11p ordinary

CFD

Increasing Short

13,020

2.8381 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:

26 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213