Form 8.3 - Direct Line Insurance Plc

1.

KEY INFORMATION

 (a) Full name of discloser:

BNP Paribas SA

 (b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

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:

For an opening position disclosure, state the latest practicable date prior to the disclosure

06/12/2024

 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

Yes: Aviva plc

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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:

GB00BY9D0Y18 (10 10/11p ordinary)

Interests

Short Positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

42,355,360

3.23

-18,405,908

-1.40

(2) Cash-settled derivatives:

7,155,055

.55

-25,682,443

-1.96

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

0

0

TOTAL:

49,510,415

3.78

-44,088,351

-3.36

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)

Rights to subscribe for new securities (including directors'' and other employee 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

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)

Purchases and sales

Class of relevant

security

Purchase/sale

Number of

securities

Price per unit

GB00BY9D0Y18

Purchase

1,904,477

GBP 2.4920

GB00BY9D0Y18

Purchase

84

GBP 2.5092

GB00BY9D0Y18

Purchase

110

GBP 2.5118

GB00BY9D0Y18

Purchase

627,442

GBP 2.5136

GB00BY9D0Y18

Purchase

627,442

GBP 2.5136

GB00BY9D0Y18

Purchase

102

GBP 2.5139

GB00BY9D0Y18

Purchase

1

GBP 2.5141

GB00BY9D0Y18

Purchase

25

GBP 2.5144

GB00BY9D0Y18

Purchase

2,551

GBP 2.5150

GB00BY9D0Y18

Purchase

526,716

GBP 2.5153

GB00BY9D0Y18

Purchase

129

GBP 2.5156

GB00BY9D0Y18

Purchase

634,514

GBP 2.5170

GB00BY9D0Y18

Purchase

83

GBP 2.5177

GB00BY9D0Y18

Purchase

35,517

GBP 2.5180

GB00BY9D0Y18

Purchase

101

GBP 2.5182

GB00BY9D0Y18

Purchase

38,061

GBP 2.5198

GB00BY9D0Y18

Purchase

337,651

GBP 2.5200

GB00BY9D0Y18

Purchase

4

GBP 2.5204

GB00BY9D0Y18

Purchase

3

GBP 2.5210

GB00BY9D0Y18

Purchase

2

GBP 2.5212

GB00BY9D0Y18

Purchase

7

GBP 2.5218

GB00BY9D0Y18

Purchase

547,320

GBP 2.5220

GB00BY9D0Y18

Purchase

3

GBP 2.5222

GB00BY9D0Y18

Purchase

2,123,370

GBP 2.5223

GB00BY9D0Y18

Purchase

65

GBP 2.5226

GB00BY9D0Y18

Purchase

7

GBP 2.5231

GB00BY9D0Y18

Purchase

2

GBP 2.5232

GB00BY9D0Y18

Purchase

3

GBP 2.5233

GB00BY9D0Y18

Purchase

1

GBP 2.5234

GB00BY9D0Y18

Purchase

255,894

GBP 2.5240

GB00BY9D0Y18

Purchase

18

GBP 2.5241

GB00BY9D0Y18

Purchase

3,320,073

GBP 2.5241

GB00BY9D0Y18

Purchase

679,927

GBP 2.5242

GB00BY9D0Y18

Purchase

18

GBP 2.5246

GB00BY9D0Y18

Purchase

10

GBP 2.5248

GB00BY9D0Y18

Purchase

1,770

GBP 2.5249

GB00BY9D0Y18

Purchase

308

GBP 2.5255

GB00BY9D0Y18

Purchase

21

GBP 2.5257

GB00BY9D0Y18

Purchase

24

GBP 2.5258

GB00BY9D0Y18

Purchase

3

GBP 2.5259

GB00BY9D0Y18

Purchase

72,991

GBP 2.5260

GB00BY9D0Y18

Purchase

30

GBP 2.5263

GB00BY9D0Y18

Purchase

1,000,000

GBP 2.5265

GB00BY9D0Y18

Purchase

33,170

GBP 2.5275

GB00BY9D0Y18

Purchase

488,239

GBP 2.5280

GB00BY9D0Y18

Purchase

79

GBP 2.5282

GB00BY9D0Y18

Purchase

42

GBP 2.5283

GB00BY9D0Y18

Purchase

4

GBP 2.5284

GB00BY9D0Y18

Purchase

29

GBP 2.5288

GB00BY9D0Y18

Purchase

124,047

GBP 2.5290

GB00BY9D0Y18

Purchase

134,261

GBP 2.5291

GB00BY9D0Y18

Purchase

28

GBP 2.5292

GB00BY9D0Y18

Purchase

21

GBP 2.5294

GB00BY9D0Y18

Purchase

24

GBP 2.5295

GB00BY9D0Y18

Purchase

40

GBP 2.5297

GB00BY9D0Y18

Purchase

14

GBP 2.5298

GB00BY9D0Y18

Purchase

1,324,075

GBP 2.5300

GB00BY9D0Y18

Purchase

299

GBP 2.5310

GB00BY9D0Y18

Purchase

166,182

GBP 2.5312

GB00BY9D0Y18

Purchase

339,863

GBP 2.5320

GB00BY9D0Y18

Purchase

761

GBP 2.5329

GB00BY9D0Y18

Purchase

2,625

GBP 2.5330

GB00BY9D0Y18

Purchase

1,636,482

GBP 2.5334

GB00BY9D0Y18

Purchase

140,204

GBP 2.5340

GB00BY9D0Y18

Purchase

1,227,411

GBP 2.5350

GB00BY9D0Y18

Purchase

312,390

GBP 2.5360

GB00BY9D0Y18

Purchase

108,426

GBP 2.5380

GB00BY9D0Y18

Purchase

1,190,955

GBP 2.5400

GB00BY9D0Y18

Purchase

11,128

GBP 2.5410

GB00BY9D0Y18

Purchase

11,952

GBP 2.5420

GB00BY9D0Y18

Purchase

10,306

GBP 2.5430

GB00BY9D0Y18

Purchase

2,814

GBP 2.5440

GB00BY9D0Y18

Purchase

3,392

GBP 2.5450

GB00BY9D0Y18

Purchase

29,104

GBP 2.5460

GB00BY9D0Y18

Sale

- 1,234,632

GBP 2.4920

GB00BY9D0Y18

Sale

- 173,378

GBP 2.4974

GB00BY9D0Y18

Sale

- 6,061

GBP 2.5049

GB00BY9D0Y18

Sale

- 6,502

GBP 2.5060

GB00BY9D0Y18

Sale

- 106,823

GBP 2.5080

GB00BY9D0Y18

Sale

- 19,637

GBP 2.5090

GB00BY9D0Y18

Sale

- 84

GBP 2.5092

GB00BY9D0Y18

Sale

- 19,263

GBP 2.5099

GB00BY9D0Y18

Sale

- 68,675

GBP 2.5100

GB00BY9D0Y18

Sale

- 8,531

GBP 2.5110

GB00BY9D0Y18

Sale

- 110

GBP 2.5118

GB00BY9D0Y18

Sale

- 67,884

GBP 2.5120

GB00BY9D0Y18

Sale

- 3,558

GBP 2.5124

GB00BY9D0Y18

Sale

- 170,998

GBP 2.5130

GB00BY9D0Y18

Sale

- 627,442

GBP 2.5136

GB00BY9D0Y18

Sale

- 102

GBP 2.5139

GB00BY9D0Y18

Sale

- 519,404

GBP 2.5140

GB00BY9D0Y18

Sale

- 1

GBP 2.5141

GB00BY9D0Y18

Sale

- 25

GBP 2.5144

GB00BY9D0Y18

Sale

- 32,023

GBP 2.5150

GB00BY9D0Y18

Sale

- 87,645

GBP 2.5156

GB00BY9D0Y18

Sale

- 87,778

GBP 2.5160

GB00BY9D0Y18

Sale

- 20,373

GBP 2.5170

GB00BY9D0Y18

Sale

- 83

GBP 2.5177

GB00BY9D0Y18

Sale

- 145,874

GBP 2.5180

GB00BY9D0Y18

Sale

- 101

GBP 2.5182

GB00BY9D0Y18

Sale

- 483,710

GBP 2.5200

GB00BY9D0Y18

Sale

- 4

GBP 2.5204

GB00BY9D0Y18

Sale

- 40,439

GBP 2.5210

GB00BY9D0Y18

Sale

- 2

GBP 2.5212

GB00BY9D0Y18

Sale

- 7

GBP 2.5218

GB00BY9D0Y18

Sale

- 75,578

GBP 2.5220

GB00BY9D0Y18

Sale

- 81,589

GBP 2.5222

GB00BY9D0Y18

Sale

- 65

GBP 2.5226

GB00BY9D0Y18

Sale

- 2,000,000

GBP 2.5230

GB00BY9D0Y18

Sale

- 7

GBP 2.5231

GB00BY9D0Y18

Sale

- 2

GBP 2.5232

GB00BY9D0Y18

Sale

- 3

GBP 2.5233

GB00BY9D0Y18

Sale

- 1

GBP 2.5234

GB00BY9D0Y18

Sale

- 58,577

GBP 2.5238

GB00BY9D0Y18

Sale

- 284,634

GBP 2.5240

GB00BY9D0Y18

Sale

- 18

GBP 2.5241

GB00BY9D0Y18

Sale

- 18

GBP 2.5246

GB00BY9D0Y18

Sale

- 20,499

GBP 2.5247

GB00BY9D0Y18

Sale

- 88,554

GBP 2.5248

GB00BY9D0Y18

Sale

- 20,731

GBP 2.5250

GB00BY9D0Y18

Sale

- 308

GBP 2.5255

GB00BY9D0Y18

Sale

- 21

GBP 2.5257

GB00BY9D0Y18

Sale

- 24

GBP 2.5258

GB00BY9D0Y18

Sale

- 3

GBP 2.5259

GB00BY9D0Y18

Sale

- 110,053

GBP 2.5260

GB00BY9D0Y18

Sale

- 30

GBP 2.5263

GB00BY9D0Y18

Sale

- 67,418

GBP 2.5270

GB00BY9D0Y18

Sale

- 288,641

GBP 2.5277

GB00BY9D0Y18

Sale

- 1,050,866

GBP 2.5280

GB00BY9D0Y18

Sale

- 79

GBP 2.5282

GB00BY9D0Y18

Sale

- 42

GBP 2.5283

GB00BY9D0Y18

Sale

- 4

GBP 2.5284

GB00BY9D0Y18

Sale

- 29

GBP 2.5288

GB00BY9D0Y18

Sale

- 570,593

GBP 2.5290

GB00BY9D0Y18

Sale

- 43

GBP 2.5291

GB00BY9D0Y18

Sale

- 28,497

GBP 2.5292

GB00BY9D0Y18

Sale

- 700,021

GBP 2.5294

GB00BY9D0Y18

Sale

- 2,407

GBP 2.5295

GB00BY9D0Y18

Sale

- 40

GBP 2.5297

GB00BY9D0Y18

Sale

- 14

GBP 2.5298

GB00BY9D0Y18

Sale

- 235,559

GBP 2.5300

GB00BY9D0Y18

Sale

- 106,671

GBP 2.5304

GB00BY9D0Y18

Sale

- 118,075

GBP 2.5320

GB00BY9D0Y18

Sale

- 64,940

GBP 2.5340

GB00BY9D0Y18

Sale

- 6,620,073

GBP 2.5355

GB00BY9D0Y18

Sale

- 61,479

GBP 2.5360

GB00BY9D0Y18

Sale

- 300,000

GBP 2.5368

GB00BY9D0Y18

Sale

- 20,000

GBP 2.5374

GB00BY9D0Y18

Sale

- 6,004

GBP 2.5378

GB00BY9D0Y18

Sale

- 18,470

GBP 2.5380

GB00BY9D0Y18

Sale

- 1,734

GBP 2.5390

GB00BY9D0Y18

Sale

- 16,371

GBP 2.5397

GB00BY9D0Y18

Sale

- 4,552

GBP 2.5400

GB00BY9D0Y18

Sale

- 500,000

GBP 2.5418

GB00BY9D0Y18

Sale

- 359

GBP 2.5420

(b)

Cash-settled derivative transactions

Class of

relevant

security

Product

description

e.g. CFD

Nature of dealing

e.g. opening/closing a

long/short position

increasing/reducing a

long/short position

Number of

references

securities

Price per

unit

GB00BY9D0Y18

Contract for Difference

Opening Long Position

16,888

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Increasing Long Position

9,384

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Increasing Long Position

166,369

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Increasing Long Position

328

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Increasing Short Position

1,350,995

2.4920

GB00BY9D0Y18

Contract for Difference

Increasing Short Position

-867,818

2.4920

GB00BY9D0Y18

Contract for Difference

Increasing Short Position

-99,799

2.4920

GB00BY9D0Y18

Contract for Difference

Increasing Short Position

-965,646

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

490,655

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

183,069

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

10,220

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

425,468

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

102,547

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

277,848

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

38,537

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

97,292

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

4,936

2.4920 GBP

GB00BY9D0Y18

Contract for Difference

Reducing Short Position

21,939

2.4920 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

of

relevant

security

Product

description

e.g. call

option

Writing,

purchasing,

selling,

varying etc.

Number

of

securities

to which

option

relates

Exercise

price

per unit

Type

e.g.

American

European

etc.

Expiry

date

Option

money

paid/

received

per unit

(ii)

Exercise

Class of

relevant

security

Product

description

e.g. call option

Exercising/

exercised

against

Number of

securities

Exercise price

per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if

applicable)

4.

Other Information

(a)

Indemnity and other dealing 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:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b)

Indemnity and other dealing arrangements

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 or future acquisition or disposal of any relevant securities to which

any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

(c)

Attachments

Is a supplemental Form 8 (Open Positions) attached?

No

Date of Disclosure:

09/12/2024

Contact Name

Compliance Control Room

Telephone Number:

0207 595 9695

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk