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:

28 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:

35,077,266

2.67%

7,666,258

0.58%

(2) Cash-settled derivatives:

7,955,762

0.61%

33,975,449

2.59%

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

0

0.00%

0

0.00%

TOTAL: 

43,033,028

3.28%

41,641,707

3.17%

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

322,365

2.8313 GBP

10 10/11p ordinary

Purchase

71,586

2.8500 GBP

10 10/11p ordinary

Purchase

49,105

2.8493 GBP

10 10/11p ordinary

Purchase

36,271

2.8281 GBP

10 10/11p ordinary

Purchase

29,359

2.8298 GBP

10 10/11p ordinary

Purchase

11,190

2.8287 GBP

10 10/11p ordinary

Purchase

9,947

2.8293 GBP

10 10/11p ordinary

Purchase

7,784

2.8275 GBP

10 10/11p ordinary

Purchase

7,198

2.8297 GBP

10 10/11p ordinary

Purchase

5,696

2.8294 GBP

10 10/11p ordinary

Purchase

5,131

2.8398 GBP

10 10/11p ordinary

Purchase

4,787

2.8340 GBP

10 10/11p ordinary

Purchase

4,208

2.8300 GBP

10 10/11p ordinary

Purchase

4,024

2.8237 GBP

10 10/11p ordinary

Purchase

3,512

2.8272 GBP

10 10/11p ordinary

Purchase

3,276

2.8291 GBP

10 10/11p ordinary

Purchase

3,275

2.8296 GBP

10 10/11p ordinary

Purchase

2,497

2.8251 GBP

10 10/11p ordinary

Purchase

1,624

2.8324 GBP

10 10/11p ordinary

Purchase

1,617

2.8360 GBP

10 10/11p ordinary

Purchase

1,371

2.8280 GBP

10 10/11p ordinary

Purchase

1,174

2.8326 GBP

10 10/11p ordinary

Purchase

496

2.8260 GBP

10 10/11p ordinary

Sale

306,951

2.8478 GBP

10 10/11p ordinary

Sale

154,113

2.8330 GBP

10 10/11p ordinary

Sale

93,691

2.8297 GBP

10 10/11p ordinary

Sale

27,127

2.8300 GBP

10 10/11p ordinary

Sale

21,401

2.8293 GBP

10 10/11p ordinary

Sale

16,071

2.8322 GBP

10 10/11p ordinary

Sale

12,393

2.8305 GBP

10 10/11p ordinary

Sale

12,000

2.8239 GBP

10 10/11p ordinary

Sale

8,014

2.8246 GBP

10 10/11p ordinary

Sale

6,156

2.8500 GBP

10 10/11p ordinary

Sale

4,845

2.8256 GBP

10 10/11p ordinary

Sale

4,330

2.8370 GBP

10 10/11p ordinary

Sale

3,327

2.8349 GBP

10 10/11p ordinary

Sale

2,379

2.8306 GBP

10 10/11p ordinary

Sale

2,235

2.8248 GBP

10 10/11p ordinary

Sale

1,867

2.8275 GBP

10 10/11p ordinary

Sale

1,648

2.8219 GBP

10 10/11p ordinary

Sale

1,586

2.8320 GBP

10 10/11p ordinary

Sale

1,455

2.8273 GBP

10 10/11p ordinary

Sale

1,371

2.8280 GBP

10 10/11p ordinary

Sale

496

2.8260 GBP

10 10/11p ordinary

Sale

453

2.8304 GBP

10 10/11p ordinary

Sale

250

2.8276 GBP

10 10/11p ordinary

Sale

214

2.8267 GBP

10 10/11p ordinary

Sale

136

2.8290 GBP

10 10/11p ordinary

Sale

99

2.8277 GBP

10 10/11p ordinary

Sale

13

2.8230 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

1,648

2.8219 GBP

10 10/11p ordinary

SWAP

Decreasing Short

12,000

2.8239 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,845

2.8256 GBP

10 10/11p ordinary

SWAP

Decreasing Short

136

2.8290 GBP

10 10/11p ordinary

SWAP

Decreasing Short

389

2.8300 GBP

10 10/11p ordinary

SWAP

Decreasing Short

453

2.8304 GBP

10 10/11p ordinary

SWAP

Decreasing Short

2,903

2.8322 GBP

10 10/11p ordinary

SWAP

Decreasing Short

4,330

2.8370 GBP

10 10/11p ordinary

SWAP

Decreasing Short

23,391

2.8494 GBP

10 10/11p ordinary

SWAP

Decreasing Short

85

2.8499 GBP

10 10/11p ordinary

SWAP

Decreasing Short

194,925

2.8500 GBP

10 10/11p ordinary

SWAP

Increasing Short

42

2.7920 GBP

10 10/11p ordinary

SWAP

Increasing Short

36,271

2.8281 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,883

2.8285 GBP

10 10/11p ordinary

SWAP

Increasing Short

11,190

2.8287 GBP

10 10/11p ordinary

SWAP

Increasing Short

2,513

2.8290 GBP

10 10/11p ordinary

SWAP

Increasing Short

3,276

2.8291 GBP

10 10/11p ordinary

SWAP

Increasing Short

9,947

2.8293 GBP

10 10/11p ordinary

SWAP

Increasing Short

29,359

2.8298 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,521

2.8300 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,685

2.8301 GBP

10 10/11p ordinary

SWAP

Increasing Short

300

2.8306 GBP

10 10/11p ordinary

SWAP

Increasing Short

4,622

2.8315 GBP

10 10/11p ordinary

SWAP

Increasing Short

7,697

2.8380 GBP

10 10/11p ordinary

SWAP

Increasing Short

25,686

2.8440 GBP

10 10/11p ordinary

SWAP

Increasing Short

69,809

2.8500 GBP

10 10/11p ordinary

CFD

Decreasing Short

9,157

2.8267 GBP

10 10/11p ordinary

CFD

Decreasing Short

2,290

2.8445 GBP

10 10/11p ordinary

CFD

Decreasing Short

56,079

2.8497 GBP

10 10/11p ordinary

CFD

Increasing Short

453

2.8301 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:

31 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213