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:

18 Dec 2024

(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:

9,647,485

0.74%

12,769,001

0.97%

(2) Cash-settled derivatives:

13,527,016

1.03%

7,523,086

0.57%

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

0

0.00%

0

0.00%

TOTAL: 

23,174,501

1.77%

20,292,087

1.55%

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

154,148

2.4300 GBP

10 10/11p ordinary

Purchase

147,033

2.4248 GBP

10 10/11p ordinary

Purchase

119,633

2.4281 GBP

10 10/11p ordinary

Purchase

69,971

2.4296 GBP

10 10/11p ordinary

Purchase

36,872

2.4283 GBP

10 10/11p ordinary

Purchase

31,502

2.4250 GBP

10 10/11p ordinary

Purchase

26,728

2.4260 GBP

10 10/11p ordinary

Purchase

20,205

2.4251 GBP

10 10/11p ordinary

Purchase

18,163

2.4234 GBP

10 10/11p ordinary

Purchase

16,307

2.4271 GBP

10 10/11p ordinary

Purchase

15,379

2.4232 GBP

10 10/11p ordinary

Purchase

6,758

2.4220 GBP

10 10/11p ordinary

Purchase

4,149

2.4245 GBP

10 10/11p ordinary

Purchase

4,108

2.4180 GBP

10 10/11p ordinary

Purchase

2,500

2.4261 GBP

10 10/11p ordinary

Purchase

1,882

2.4263 GBP

10 10/11p ordinary

Purchase

1,774

2.4225 GBP

10 10/11p ordinary

Purchase

1,604

2.4256 GBP

10 10/11p ordinary

Purchase

814

2.4280 GBP

10 10/11p ordinary

Purchase

477

2.4240 GBP

10 10/11p ordinary

Purchase

341

2.4264 GBP

10 10/11p ordinary

Purchase

31

2.4200 GBP

10 10/11p ordinary

Purchase

27

2.4276 GBP

10 10/11p ordinary

Purchase

8

2.4275 GBP

10 10/11p ordinary

Sale

200,865

2.4268 GBP

10 10/11p ordinary

Sale

148,152

2.4230 GBP

10 10/11p ordinary

Sale

74,190

2.4242 GBP

10 10/11p ordinary

Sale

74,011

2.4240 GBP

10 10/11p ordinary

Sale

70,630

2.4299 GBP

10 10/11p ordinary

Sale

26,900

2.4218 GBP

10 10/11p ordinary

Sale

26,859

2.4223 GBP

10 10/11p ordinary

Sale

22,430

2.4254 GBP

10 10/11p ordinary

Sale

4,870

2.4247 GBP

10 10/11p ordinary

Sale

4,108

2.4180 GBP

10 10/11p ordinary

Sale

4,019

2.4214 GBP

10 10/11p ordinary

Sale

3,493

2.4250 GBP

10 10/11p ordinary

Sale

3,121

2.4284 GBP

10 10/11p ordinary

Sale

2,872

2.4294 GBP

10 10/11p ordinary

Sale

1,754

2.4290 GBP

10 10/11p ordinary

Sale

1,523

2.4320 GBP

10 10/11p ordinary

Sale

1,414

2.4319 GBP

10 10/11p ordinary

Sale

381

2.4280 GBP

10 10/11p ordinary

Sale

81

2.4283 GBP

10 10/11p ordinary

Sale

51

2.4220 GBP

10 10/11p ordinary

Sale

10

2.4279 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 Long

22,900

2.4211 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,019

2.4214 GBP

10 10/11p ordinary

SWAP

Increasing Long

148,152

2.4230 GBP

10 10/11p ordinary

SWAP

Increasing Long

34,556

2.4231 GBP

10 10/11p ordinary

SWAP

Increasing Long

70,677

2.4232 GBP

10 10/11p ordinary

SWAP

Increasing Long

116,858

2.4242 GBP

10 10/11p ordinary

SWAP

Increasing Long

4,000

2.4258 GBP

10 10/11p ordinary

SWAP

Increasing Long

1

2.4277 GBP

10 10/11p ordinary

SWAP

Increasing Long

10

2.4279 GBP

10 10/11p ordinary

SWAP

Increasing Long

81

2.4284 GBP

10 10/11p ordinary

SWAP

Increasing Long

44,926

2.4295 GBP

10 10/11p ordinary

SWAP

Increasing Long

386

2.4298 GBP

10 10/11p ordinary

SWAP

Increasing Long

70,630

2.4299 GBP

10 10/11p ordinary

SWAP

Increasing Long

17,571

2.4300 GBP

10 10/11p ordinary

SWAP

Increasing Long

1,414

2.4319 GBP

10 10/11p ordinary

SWAP

Decreasing Long

7,013

2.4231 GBP

10 10/11p ordinary

SWAP

Decreasing Long

32

2.4240 GBP

10 10/11p ordinary

SWAP

Decreasing Long

4,149

2.4245 GBP

10 10/11p ordinary

SWAP

Decreasing Long

147,033

2.4248 GBP

10 10/11p ordinary

SWAP

Decreasing Long

54,288

2.4249 GBP

10 10/11p ordinary

SWAP

Decreasing Long

20,205

2.4251 GBP

10 10/11p ordinary

SWAP

Decreasing Long

395

2.4260 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,500

2.4261 GBP

10 10/11p ordinary

SWAP

Decreasing Long

8

2.4280 GBP

10 10/11p ordinary

SWAP

Decreasing Long

36,872

2.4283 GBP

10 10/11p ordinary

SWAP

Decreasing Long

112,620

2.4284 GBP

10 10/11p ordinary

SWAP

Decreasing Long

122,728

2.4300 GBP

10 10/11p ordinary

SWAP

Decreasing Long

2,572

2.4320 GBP

10 10/11p ordinary

CFD

Decreasing Short

2,323

2.4195 GBP

10 10/11p ordinary

CFD

Increasing Short

21,063

2.4260 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:

19 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213