| 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 |
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| positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | DIRECT LINE INSURANCE GROUP PLC | |||||
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| relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
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| offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 15 Apr 2025 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | AVIVA PLC |
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| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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| Class of relevant security: | 10 10/11p ordinary | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 36,509,190 | 2.78% | 6,626,662 | 0.50% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 6,877,461 | 0.52% | 35,649,169 | 2.72% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 43,386,651 | 3.31% | 42,275,831 | 3.22% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security |
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| 10 10/11p ordinary | Purchase | 136,341 | 2.7317 GBP | ||||
| 10 10/11p ordinary | Purchase | 91,052 | 2.7346 GBP | ||||
| 10 10/11p ordinary | Purchase | 63,520 | 2.7318 GBP | ||||
| 10 10/11p ordinary | Purchase | 56,522 | 2.7316 GBP | ||||
| 10 10/11p ordinary | Purchase | 53,212 | 2.7420 GBP | ||||
| 10 10/11p ordinary | Purchase | 30,327 | 2.7320 GBP | ||||
| 10 10/11p ordinary | Purchase | 27,071 | 2.7352 GBP | ||||
| 10 10/11p ordinary | Purchase | 26,737 | 2.7288 GBP | ||||
| 10 10/11p ordinary | Purchase | 17,056 | 2.7340 GBP | ||||
| 10 10/11p ordinary | Purchase | 10,194 | 2.7326 GBP | ||||
| 10 10/11p ordinary | Purchase | 7,589 | 2.7364 GBP | ||||
| 10 10/11p ordinary | Purchase | 6,809 | 2.7300 GBP | ||||
| 10 10/11p ordinary | Purchase | 6,682 | 2.7355 GBP | ||||
| 10 10/11p ordinary | Purchase | 6,098 | 2.7336 GBP | ||||
| 10 10/11p ordinary | Purchase | 4,989 | 2.7223 GBP | ||||
| 10 10/11p ordinary | Purchase | 3,639 | 2.7304 GBP | ||||
| 10 10/11p ordinary | Purchase | 3,281 | 2.7286 GBP | ||||
| 10 10/11p ordinary | Purchase | 1,005 | 2.7372 GBP | ||||
| 10 10/11p ordinary | Purchase | 851 | 2.7280 GBP | ||||
| 10 10/11p ordinary | Purchase | 615 | 2.7279 GBP | ||||
| 10 10/11p ordinary | Sale | 43,108 | 2.7399 GBP | ||||
| 10 10/11p ordinary | Sale | 40,316 | 2.7395 GBP | ||||
| 10 10/11p ordinary | Sale | 25,588 | 2.7348 GBP | ||||
| 10 10/11p ordinary | Sale | 13,079 | 2.7418 GBP | ||||
| 10 10/11p ordinary | Sale | 7,708 | 2.7324 GBP | ||||
| 10 10/11p ordinary | Sale | 7,620 | 2.7420 GBP | ||||
| 10 10/11p ordinary | Sale | 5,460 | 2.7327 GBP | ||||
| 10 10/11p ordinary | Sale | 5,239 | 2.7332 GBP | ||||
| 10 10/11p ordinary | Sale | 5,139 | 2.7199 GBP | ||||
| 10 10/11p ordinary | Sale | 4,614 | 2.7300 GBP | ||||
| 10 10/11p ordinary | Sale | 4,069 | 2.7320 GBP | ||||
| 10 10/11p ordinary | Sale | 3,849 | 2.7344 GBP | ||||
| 10 10/11p ordinary | Sale | 567 | 2.7240 GBP | ||||
| 10 10/11p ordinary | Sale | 544 | 2.7281 GBP | ||||
| 10 10/11p ordinary | Sale | 377 | 2.7340 GBP | ||||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| 10 10/11p ordinary | SWAP | Decreasing Short | 5,139 | 2.7199 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 567 | 2.7240 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 3,964 | 2.7300 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 7,708 | 2.7324 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 3,849 | 2.7344 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 8,189 | 2.7420 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 29,420 | 2.7300 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 3,639 | 2.7304 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 44,223 | 2.7309 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 56,522 | 2.7316 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 136,341 | 2.7317 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 63,520 | 2.7318 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 6,098 | 2.7336 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 17,056 | 2.7340 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 1,223 | 2.7360 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 7,589 | 2.7364 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 9,889 | 2.7419 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 10,557 | 2.7420 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 1,580 | 2.7421 GBP | |||
| 10 10/11p ordinary | CFD | Increasing Short | 29,106 | 2.7309 GBP | |||
| 10 10/11p ordinary | CFD | Increasing Short | 1,243 | 2.7336 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
| security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| securities | unit | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the person making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 16 Apr 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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