| 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: | 25 Jun 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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| 36,252,193 | 2.76% | 2,984,500 | 0.22% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 3,237,937 | 0.25% | 35,719,601 | 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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| 39,490,130 | 3.01% | 38,704,101 | 2.94% |
| (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 | 181,506 | 3.0644 GBP | ||||
| 10 10/11p ordinary | Purchase | 98,822 | 3.0715 GBP | ||||
| 10 10/11p ordinary | Purchase | 49,777 | 3.0677 GBP | ||||
| 10 10/11p ordinary | Purchase | 35,425 | 3.0640 GBP | ||||
| 10 10/11p ordinary | Purchase | 27,023 | 3.0605 GBP | ||||
| 10 10/11p ordinary | Purchase | 20,287 | 3.0646 GBP | ||||
| 10 10/11p ordinary | Purchase | 14,583 | 3.0660 GBP | ||||
| 10 10/11p ordinary | Purchase | 14,287 | 3.0707 GBP | ||||
| 10 10/11p ordinary | Purchase | 8,628 | 3.0720 GBP | ||||
| 10 10/11p ordinary | Purchase | 8,513 | 3.0699 GBP | ||||
| 10 10/11p ordinary | Purchase | 6,639 | 3.0653 GBP | ||||
| 10 10/11p ordinary | Purchase | 5,098 | 3.0700 GBP | ||||
| 10 10/11p ordinary | Purchase | 5,032 | 3.0680 GBP | ||||
| 10 10/11p ordinary | Purchase | 4,760 | 3.0643 GBP | ||||
| 10 10/11p ordinary | Purchase | 3,100 | 3.0665 GBP | ||||
| 10 10/11p ordinary | Purchase | 2,014 | 3.0681 GBP | ||||
| 10 10/11p ordinary | Purchase | 1,986 | 3.0689 GBP | ||||
| 10 10/11p ordinary | Purchase | 1,560 | 3.0728 GBP | ||||
| 10 10/11p ordinary | Purchase | 1,191 | 3.0719 GBP | ||||
| 10 10/11p ordinary | Purchase | 1,039 | 3.0620 GBP | ||||
| 10 10/11p ordinary | Purchase | 894 | 3.0730 GBP | ||||
| 10 10/11p ordinary | Purchase | 16 | 3.0740 GBP | ||||
| 10 10/11p ordinary | Purchase | 6 | 3.0600 GBP | ||||
| 10 10/11p ordinary | Sale | 269,530 | 3.0637 GBP | ||||
| 10 10/11p ordinary | Sale | 174,646 | 3.0659 GBP | ||||
| 10 10/11p ordinary | Sale | 127,970 | 3.0654 GBP | ||||
| 10 10/11p ordinary | Sale | 86,939 | 3.0714 GBP | ||||
| 10 10/11p ordinary | Sale | 58,429 | 3.0640 GBP | ||||
| 10 10/11p ordinary | Sale | 54,921 | 3.0665 GBP | ||||
| 10 10/11p ordinary | Sale | 52,708 | 3.0689 GBP | ||||
| 10 10/11p ordinary | Sale | 51,824 | 3.0672 GBP | ||||
| 10 10/11p ordinary | Sale | 39,608 | 3.0664 GBP | ||||
| 10 10/11p ordinary | Sale | 24,158 | 3.0698 GBP | ||||
| 10 10/11p ordinary | Sale | 16,552 | 3.0648 GBP | ||||
| 10 10/11p ordinary | Sale | 13,830 | 3.0687 GBP | ||||
| 10 10/11p ordinary | Sale | 13,149 | 3.0677 GBP | ||||
| 10 10/11p ordinary | Sale | 12,745 | 3.0700 GBP | ||||
| 10 10/11p ordinary | Sale | 8,331 | 3.0680 GBP | ||||
| 10 10/11p ordinary | Sale | 6,219 | 3.0702 GBP | ||||
| 10 10/11p ordinary | Sale | 3,983 | 3.0681 GBP | ||||
| 10 10/11p ordinary | Sale | 3,160 | 3.0656 GBP | ||||
| 10 10/11p ordinary | Sale | 2,896 | 3.0682 GBP | ||||
| 10 10/11p ordinary | Sale | 1,512 | 3.0650 GBP | ||||
| 10 10/11p ordinary | Sale | 1,468 | 3.0720 GBP | ||||
| 10 10/11p ordinary | Sale | 1,287 | 3.0630 GBP | ||||
| 10 10/11p ordinary | Sale | 1,245 | 3.0710 GBP | ||||
| 10 10/11p ordinary | Sale | 24 | 3.0643 GBP | ||||
| 10 10/11p ordinary | Sale | 16 | 3.0740 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 | 1,287 | 3.0630 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 269,530 | 3.0637 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 2,315 | 3.0640 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 88,759 | 3.0642 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 18,025 | 3.0671 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 38,061 | 3.0672 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 18,781 | 3.0679 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 39,211 | 3.0682 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 15,442 | 3.0685 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 52,708 | 3.0689 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 2,509 | 3.0696 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 24,158 | 3.0698 GBP | |||
| 10 10/11p ordinary | SWAP | Decreasing Short | 86,939 | 3.0714 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 27,023 | 3.0605 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 1,039 | 3.0620 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 54,575 | 3.0638 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 43,186 | 3.0640 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 14,498 | 3.0657 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 49,777 | 3.0677 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 26 | 3.0693 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 17,077 | 3.0708 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 81,745 | 3.0716 GBP | |||
| 10 10/11p ordinary | SWAP | Increasing Short | 1,560 | 3.0728 GBP | |||
| 10 10/11p ordinary | CFD | Decreasing Short | 220,438 | 3.0654 GBP | |||
| 10 10/11p ordinary | CFD | Decreasing Short | 7,311 | 3.0680 GBP | |||
| 10 10/11p ordinary | CFD | Decreasing Short | 13,830 | 3.0687 GBP | |||
| 10 10/11p ordinary | CFD | Increasing Short | 16,669 | 3.0639 GBP | |||
| 10 10/11p ordinary | CFD | Increasing Short | 19,171 | 3.0642 GBP | |||
| 10 10/11p ordinary | CFD | Increasing Short | 50,000 | 3.0671 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: | 26 Jun 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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