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:

12 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:

32,271,097

2.46%

11,563,412

0.88%

(2) Cash-settled derivatives:

10,627,170

0.81%

31,609,869

2.41%

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

0

0.00%

0

0.00%

TOTAL: 

42,898,267

3.27%

43,173,281

3.29%

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

8,695,553

2.7522 GBP

10 10/11p ordinary

Purchase

523,997

2.7669 GBP

10 10/11p ordinary

Purchase

144,648

2.7620 GBP

10 10/11p ordinary

Purchase

126,276

2.7626 GBP

10 10/11p ordinary

Purchase

85,648

2.7597 GBP

10 10/11p ordinary

Purchase

85,309

2.7601 GBP

10 10/11p ordinary

Purchase

59,825

2.7609 GBP

10 10/11p ordinary

Purchase

46,873

2.7543 GBP

10 10/11p ordinary

Purchase

40,100

2.7585 GBP

10 10/11p ordinary

Purchase

31,422

2.7642 GBP

10 10/11p ordinary

Purchase

18,531

2.7632 GBP

10 10/11p ordinary

Purchase

15,545

2.7528 GBP

10 10/11p ordinary

Purchase

13,071

2.7564 GBP

10 10/11p ordinary

Purchase

9,545

2.7621 GBP

10 10/11p ordinary

Purchase

9,448

2.7629 GBP

10 10/11p ordinary

Purchase

7,801

2.7577 GBP

10 10/11p ordinary

Purchase

7,490

2.7637 GBP

10 10/11p ordinary

Purchase

6,437

2.7600 GBP

10 10/11p ordinary

Purchase

4,611

2.7575 GBP

10 10/11p ordinary

Purchase

4,297

2.7666 GBP

10 10/11p ordinary

Purchase

3,787

2.7592 GBP

10 10/11p ordinary

Purchase

3,779

2.7569 GBP

10 10/11p ordinary

Purchase

3,735

2.7589 GBP

10 10/11p ordinary

Purchase

3,497

2.7558 GBP

10 10/11p ordinary

Purchase

3,447

2.7615 GBP

10 10/11p ordinary

Purchase

2,830

2.7607 GBP

10 10/11p ordinary

Purchase

2,223

2.7627 GBP

10 10/11p ordinary

Purchase

1,515

2.7612 GBP

10 10/11p ordinary

Purchase

1,487

2.7561 GBP

10 10/11p ordinary

Purchase

1,468

2.7580 GBP

10 10/11p ordinary

Purchase

1,038

2.7550 GBP

10 10/11p ordinary

Purchase

932

2.7660 GBP

10 10/11p ordinary

Purchase

590

2.7700 GBP

10 10/11p ordinary

Purchase

160

2.7480 GBP

10 10/11p ordinary

Purchase

21

2.7640 GBP

10 10/11p ordinary

Purchase

1

2.7611 GBP

10 10/11p ordinary

Sale

523,997

2.7669 GBP

10 10/11p ordinary

Sale

117,325

2.7605 GBP

10 10/11p ordinary

Sale

66,226

2.7604 GBP

10 10/11p ordinary

Sale

46,300

2.7620 GBP

10 10/11p ordinary

Sale

45,340

2.7659 GBP

10 10/11p ordinary

Sale

27,807

2.7619 GBP

10 10/11p ordinary

Sale

24,771

2.7627 GBP

10 10/11p ordinary

Sale

21,941

2.7609 GBP

10 10/11p ordinary

Sale

14,620

2.7631 GBP

10 10/11p ordinary

Sale

10,365

2.7625 GBP

10 10/11p ordinary

Sale

7,352

2.7615 GBP

10 10/11p ordinary

Sale

7,115

2.7595 GBP

10 10/11p ordinary

Sale

7,096

2.7546 GBP

10 10/11p ordinary

Sale

6,823

2.7600 GBP

10 10/11p ordinary

Sale

4,974

2.7578 GBP

10 10/11p ordinary

Sale

4,913

2.7479 GBP

10 10/11p ordinary

Sale

4,723

2.7541 GBP

10 10/11p ordinary

Sale

4,390

2.7558 GBP

10 10/11p ordinary

Sale

3,925

2.7598 GBP

10 10/11p ordinary

Sale

3,771

2.7648 GBP

10 10/11p ordinary

Sale

3,016

2.7680 GBP

10 10/11p ordinary

Sale

2,990

2.7660 GBP

10 10/11p ordinary

Sale

1,797

2.7607 GBP

10 10/11p ordinary

Sale

1,500

2.7560 GBP

10 10/11p ordinary

Sale

1,468

2.7580 GBP

10 10/11p ordinary

Sale

954

2.7597 GBP

10 10/11p ordinary

Sale

70

2.7421 GBP

10 10/11p ordinary

Sale

21

2.7640 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

8,000,000

2.7522 GBP

10 10/11p ordinary

SWAP

Decreasing Short

70

2.7420 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,913

2.7479 GBP

10 10/11p ordinary

SWAP

Decreasing Short

7,683

2.7525 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,723

2.7541 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,390

2.7558 GBP

10 10/11p ordinary

SWAP

Decreasing Short

969

2.7571 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,974

2.7578 GBP

10 10/11p ordinary

SWAP

Decreasing Short

387

2.7580 GBP

10 10/11p ordinary

SWAP

Decreasing Short

954

2.7597 GBP

10 10/11p ordinary

SWAP

Decreasing Short

56,601

2.7602 GBP

10 10/11p ordinary

SWAP

Decreasing Short

5,158

2.7604 GBP

10 10/11p ordinary

SWAP

Decreasing Short

13,852

2.7609 GBP

10 10/11p ordinary

SWAP

Decreasing Short

27,807

2.7619 GBP

10 10/11p ordinary

SWAP

Decreasing Short

85,531

2.7620 GBP

10 10/11p ordinary

SWAP

Decreasing Short

10,365

2.7625 GBP

10 10/11p ordinary

SWAP

Decreasing Short

24,771

2.7627 GBP

10 10/11p ordinary

SWAP

Decreasing Short

14,620

2.7631 GBP

10 10/11p ordinary

SWAP

Decreasing Short

3,771

2.7648 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,058

2.7660 GBP

10 10/11p ordinary

SWAP

Decreasing Short

31,477

2.7678 GBP

10 10/11p ordinary

SWAP

Increasing Short

46,873

2.7543 GBP

10 10/11p ordinary

SWAP

Increasing Short

1,487

2.7561 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,779

2.7569 GBP

10 10/11p ordinary

SWAP

Increasing Short

102,855

2.7582 GBP

10 10/11p ordinary

SWAP

Increasing Short

57,016

2.7586 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,735

2.7589 GBP

10 10/11p ordinary

SWAP

Increasing Short

419

2.7600 GBP

10 10/11p ordinary

SWAP

Increasing Short

25,835

2.7617 GBP

10 10/11p ordinary

SWAP

Increasing Short

59,183

2.7619 GBP

10 10/11p ordinary

SWAP

Increasing Short

117,050

2.7620 GBP

10 10/11p ordinary

SWAP

Increasing Short

9,545

2.7621 GBP

10 10/11p ordinary

SWAP

Increasing Short

23,729

2.7627 GBP

10 10/11p ordinary

SWAP

Increasing Short

91,502

2.7629 GBP

10 10/11p ordinary

SWAP

Increasing Short

14,960

2.7635 GBP

10 10/11p ordinary

SWAP

Increasing Short

31,422

2.7642 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,297

2.7666 GBP

10 10/11p ordinary

CFD

Decreasing Short

3,764

2.7618 GBP

10 10/11p ordinary

CFD

Increasing Short

695,553

2.7521 GBP

10 10/11p ordinary

CFD

Increasing Short

15,794

2.7587 GBP

10 10/11p ordinary

CFD

Increasing Short

4,735

2.7626 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:

13 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213