BNP Paribas

Major Shareholding Notification • Mar 10, 2025

National Storage Mechanism | Additional information

RNS Number : 0435A

BNP Paribas London

10 March 2025

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:	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	Aviva 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	07/03/2025
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	Yes If YES, specify which: Direct Line Insurance Group 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:	GB00BPQY8M80 (32 17/19p ordinary)
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	21,717,199	0.8111	-23,735,960	-0.8864
(2) Cash-settled derivatives:	8,304,315	0.3101	-15,635,701	-0.5839
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	586,000	0.0219	+0	+0.0000
TOTAL:	30,607,514	1.1431	-39,371,661	-1.4704

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
GB00BPQY8M80	Purchase	1	5.3500 GBP
GB00BPQY8M80	Purchase	2	5.3411 GBP
GB00BPQY8M80	Purchase	2	5.3440 GBP
GB00BPQY8M80	Purchase	2	5.3500 GBP
GB00BPQY8M80	Purchase	10	5.3529 GBP
GB00BPQY8M80	Purchase	35	5.3472 GBP
GB00BPQY8M80	Purchase	49	5.3540 GBP
GB00BPQY8M80	Purchase	52	5.3500 GBP
GB00BPQY8M80	Purchase	73	5.3368 GBP
GB00BPQY8M80	Purchase	74	5.3480 GBP
GB00BPQY8M80	Purchase	74	5.3500 GBP
GB00BPQY8M80	Purchase	74	5.3500 GBP
GB00BPQY8M80	Purchase	85	5.3500 GBP
GB00BPQY8M80	Purchase	130	5.3500 GBP
GB00BPQY8M80	Purchase	136	5.3500 GBP
GB00BPQY8M80	Purchase	139	5.3500 GBP
GB00BPQY8M80	Purchase	146	5.3540 GBP
GB00BPQY8M80	Purchase	151	5.3500 GBP
GB00BPQY8M80	Purchase	151	5.3500 GBP
GB00BPQY8M80	Purchase	170	5.3500 GBP
GB00BPQY8M80	Purchase	171	5.3500 GBP
GB00BPQY8M80	Purchase	175	5.3480 GBP
GB00BPQY8M80	Purchase	178	5.3517 GBP
GB00BPQY8M80	Purchase	189	5.3500 GBP
GB00BPQY8M80	Purchase	196	5.3578 GBP
GB00BPQY8M80	Purchase	201	5.3480 GBP
GB00BPQY8M80	Purchase	201	5.3480 GBP
GB00BPQY8M80	Purchase	208	5.3480 GBP
GB00BPQY8M80	Purchase	210	5.3480 GBP
GB00BPQY8M80	Purchase	224	5.3480 GBP
GB00BPQY8M80	Purchase	226	5.3500 GBP
GB00BPQY8M80	Purchase	238	5.3500 GBP
GB00BPQY8M80	Purchase	247	5.3523 GBP
GB00BPQY8M80	Purchase	249	5.3500 GBP
GB00BPQY8M80	Purchase	250	5.3480 GBP
GB00BPQY8M80	Purchase	250	5.3480 GBP
GB00BPQY8M80	Purchase	250	5.3500 GBP
GB00BPQY8M80	Purchase	256	5.3540 GBP
GB00BPQY8M80	Purchase	265	5.3500 GBP
GB00BPQY8M80	Purchase	265	5.3500 GBP
GB00BPQY8M80	Purchase	269	5.3500 GBP
GB00BPQY8M80	Purchase	273	5.3500 GBP
GB00BPQY8M80	Purchase	276	5.3500 GBP
GB00BPQY8M80	Purchase	296	5.3500 GBP
GB00BPQY8M80	Purchase	308	5.3480 GBP
GB00BPQY8M80	Purchase	340	5.3500 GBP
GB00BPQY8M80	Purchase	340	5.3560 GBP
GB00BPQY8M80	Purchase	348	5.3560 GBP
GB00BPQY8M80	Purchase	348	5.3560 GBP
GB00BPQY8M80	Purchase	348	5.3640 GBP
GB00BPQY8M80	Purchase	349	5.3560 GBP
GB00BPQY8M80	Purchase	428	5.3500 GBP
GB00BPQY8M80	Purchase	441	5.3480 GBP
GB00BPQY8M80	Purchase	441	5.3500 GBP
GB00BPQY8M80	Purchase	442	5.3500 GBP
GB00BPQY8M80	Purchase	451	5.3480 GBP
GB00BPQY8M80	Purchase	453	5.3480 GBP
GB00BPQY8M80	Purchase	454	5.3500 GBP
GB00BPQY8M80	Purchase	482	5.3524 GBP
GB00BPQY8M80	Purchase	513	5.3500 GBP
GB00BPQY8M80	Purchase	516	5.3500 GBP
GB00BPQY8M80	Purchase	525	5.3500 GBP
GB00BPQY8M80	Purchase	533	5.3500 GBP
GB00BPQY8M80	Purchase	573	5.3500 GBP
GB00BPQY8M80	Purchase	592	5.3480 GBP
GB00BPQY8M80	Purchase	599	5.3480 GBP
GB00BPQY8M80	Purchase	599	5.3480 GBP
GB00BPQY8M80	Purchase	600	5.3500 GBP
GB00BPQY8M80	Purchase	614	5.3480 GBP
GB00BPQY8M80	Purchase	627	5.3400 GBP
GB00BPQY8M80	Purchase	634	5.3500 GBP
GB00BPQY8M80	Purchase	652	5.3500 GBP
GB00BPQY8M80	Purchase	662	5.3500 GBP
GB00BPQY8M80	Purchase	666	5.3500 GBP
GB00BPQY8M80	Purchase	671	5.3480 GBP
GB00BPQY8M80	Purchase	699	5.3500 GBP
GB00BPQY8M80	Purchase	752	5.3500 GBP
GB00BPQY8M80	Purchase	769	5.3500 GBP
GB00BPQY8M80	Purchase	792	5.3500 GBP
GB00BPQY8M80	Purchase	803	5.3500 GBP
GB00BPQY8M80	Purchase	855	5.3500 GBP
GB00BPQY8M80	Purchase	955	5.3540 GBP
GB00BPQY8M80	Purchase	961	5.3180 GBP
GB00BPQY8M80	Purchase	983	5.3500 GBP
GB00BPQY8M80	Purchase	1,003	5.3500 GBP
GB00BPQY8M80	Purchase	1,054	5.3500 GBP
GB00BPQY8M80	Purchase	1,069	5.3480 GBP
GB00BPQY8M80	Purchase	1,096	5.3500 GBP
GB00BPQY8M80	Purchase	1,116	5.3500 GBP
GB00BPQY8M80	Purchase	1,188	5.3480 GBP
GB00BPQY8M80	Purchase	1,248	5.3500 GBP
GB00BPQY8M80	Purchase	1,250	5.3480 GBP
GB00BPQY8M80	Purchase	1,250	5.3500 GBP
GB00BPQY8M80	Purchase	1,293	5.3500 GBP
GB00BPQY8M80	Purchase	1,293	5.3500 GBP
GB00BPQY8M80	Purchase	1,363	5.3500 GBP
GB00BPQY8M80	Purchase	1,448	5.3510 GBP
GB00BPQY8M80	Purchase	1,481	5.3480 GBP
GB00BPQY8M80	Purchase	1,492	5.3480 GBP
GB00BPQY8M80	Purchase	1,509	5.3500 GBP
GB00BPQY8M80	Purchase	1,521	5.3500 GBP
GB00BPQY8M80	Purchase	1,525	5.3540 GBP
GB00BPQY8M80	Purchase	1,567	5.3480 GBP
GB00BPQY8M80	Purchase	1,585	5.3500 GBP
GB00BPQY8M80	Purchase	1,589	5.3500 GBP
GB00BPQY8M80	Purchase	1,684	5.3500 GBP
GB00BPQY8M80	Purchase	1,790	5.3480 GBP
GB00BPQY8M80	Purchase	1,827	5.3510 GBP
GB00BPQY8M80	Purchase	1,869	5.3500 GBP
GB00BPQY8M80	Purchase	1,887	5.3540 GBP
GB00BPQY8M80	Purchase	1,973	5.3500 GBP
GB00BPQY8M80	Purchase	1,998	5.3540 GBP
GB00BPQY8M80	Purchase	2,114	5.3540 GBP
GB00BPQY8M80	Purchase	2,134	5.3500 GBP
GB00BPQY8M80	Purchase	2,168	5.3540 GBP
GB00BPQY8M80	Purchase	2,182	5.3230 GBP
GB00BPQY8M80	Purchase	2,279	5.3010 GBP
GB00BPQY8M80	Purchase	2,279	5.3010 GBP
GB00BPQY8M80	Purchase	2,471	5.3500 GBP
GB00BPQY8M80	Purchase	2,471	5.3500 GBP
GB00BPQY8M80	Purchase	2,475	5.3010 GBP
GB00BPQY8M80	Purchase	2,475	5.3010 GBP
GB00BPQY8M80	Purchase	2,562	5.3480 GBP
GB00BPQY8M80	Purchase	2,562	5.3500 GBP
GB00BPQY8M80	Purchase	2,631	5.3569 GBP
GB00BPQY8M80	Purchase	2,847	5.3455 GBP
GB00BPQY8M80	Purchase	2,894	5.3470 GBP
GB00BPQY8M80	Purchase	3,021	5.3540 GBP
GB00BPQY8M80	Purchase	3,055	5.3500 GBP
GB00BPQY8M80	Purchase	3,290	5.3500 GBP
GB00BPQY8M80	Purchase	4,092	5.3627 GBP
GB00BPQY8M80	Purchase	4,209	5.3500 GBP
GB00BPQY8M80	Purchase	4,227	5.3250 GBP
GB00BPQY8M80	Purchase	4,227	5.3250 GBP
GB00BPQY8M80	Purchase	4,227	5.3260 GBP
GB00BPQY8M80	Purchase	4,315	5.3180 GBP
GB00BPQY8M80	Purchase	4,883	5.3220 GBP
GB00BPQY8M80	Purchase	4,883	5.3220 GBP
GB00BPQY8M80	Purchase	5,004	5.3000 GBP
GB00BPQY8M80	Purchase	5,153	5.3426 GBP
GB00BPQY8M80	Purchase	5,343	5.3250 GBP
GB00BPQY8M80	Purchase	5,661	5.3500 GBP
GB00BPQY8M80	Purchase	5,719	5.3500 GBP
GB00BPQY8M80	Purchase	6,130	5.3500 GBP
GB00BPQY8M80	Purchase	6,448	5.3230 GBP
GB00BPQY8M80	Purchase	7,050	5.3565 GBP
GB00BPQY8M80	Purchase	7,252	5.3500 GBP
GB00BPQY8M80	Purchase	7,252	5.3500 GBP
GB00BPQY8M80	Purchase	7,548	5.3500 GBP
GB00BPQY8M80	Purchase	7,552	5.3500 GBP
GB00BPQY8M80	Purchase	7,596	5.3220 GBP
GB00BPQY8M80	Purchase	8,056	5.3230 GBP
GB00BPQY8M80	Purchase	8,065	5.3180 GBP
GB00BPQY8M80	Purchase	8,065	5.3180 GBP
GB00BPQY8M80	Purchase	8,065	5.3180 GBP
GB00BPQY8M80	Purchase	8,099	5.3442 GBP
GB00BPQY8M80	Purchase	8,318	5.3450 GBP
GB00BPQY8M80	Purchase	8,650	5.3540 GBP
GB00BPQY8M80	Purchase	8,799	5.3500 GBP
GB00BPQY8M80	Purchase	9,469	5.3265 GBP
GB00BPQY8M80	Purchase	9,767	5.3220 GBP
GB00BPQY8M80	Purchase	11,007	5.3180 GBP
GB00BPQY8M80	Purchase	11,279	5.3540 GBP
GB00BPQY8M80	Purchase	11,424	5.3440 GBP
GB00BPQY8M80	Purchase	11,600	5.3500 GBP
GB00BPQY8M80	Purchase	12,506	5.3540 GBP
GB00BPQY8M80	Purchase	14,598	5.3540 GBP
GB00BPQY8M80	Purchase	15,574	5.3500 GBP
GB00BPQY8M80	Purchase	16,689	5.3540 GBP
GB00BPQY8M80	Purchase	17,127	5.3500 GBP
GB00BPQY8M80	Purchase	17,182	5.3540 GBP
GB00BPQY8M80	Purchase	17,506	5.3239 GBP
GB00BPQY8M80	Purchase	18,061	5.3500 GBP
GB00BPQY8M80	Purchase	21,384	5.3500 GBP
GB00BPQY8M80	Purchase	22,925	5.3190 GBP
GB00BPQY8M80	Purchase	24,589	5.3500 GBP
GB00BPQY8M80	Purchase	26,621	5.3540 GBP
GB00BPQY8M80	Purchase	28,897	5.3540 GBP
GB00BPQY8M80	Purchase	40,170	5.3540 GBP
GB00BPQY8M80	Purchase	49,114	5.3540 GBP
GB00BPQY8M80	Purchase	52,963	5.3540 GBP
GB00BPQY8M80	Purchase	63,388	5.3540 GBP
GB00BPQY8M80	Purchase	77,505	5.3540 GBP
GB00BPQY8M80	Purchase	94,611	5.3540 GBP
GB00BPQY8M80	Purchase	110,147	5.3551 GBP
GB00BPQY8M80	Purchase	731,085	5.3540 GBP
GB00BPQY8M80	Purchase	1,157,870	5.3442 GBP
GB00BPQY8M80	Sale	-1,744,087	5.3472 GBP
GB00BPQY8M80	Sale	-825,696	5.3540 GBP
GB00BPQY8M80	Sale	-593,295	5.3472 GBP
GB00BPQY8M80	Sale	-265,293	5.3540 GBP
GB00BPQY8M80	Sale	-203,929	5.3508 GBP
GB00BPQY8M80	Sale	-142,170	5.3490 GBP
GB00BPQY8M80	Sale	-106,377	5.3550 GBP
GB00BPQY8M80	Sale	-99,727	5.3472 GBP
GB00BPQY8M80	Sale	-66,544	5.3539 GBP
GB00BPQY8M80	Sale	-66,019	5.3472 GBP
GB00BPQY8M80	Sale	-63,256	5.3508 GBP
GB00BPQY8M80	Sale	-30,531	5.3472 GBP
GB00BPQY8M80	Sale	-29,469	5.3517 GBP
GB00BPQY8M80	Sale	-26,320	5.3472 GBP
GB00BPQY8M80	Sale	-17,318	5.3540 GBP
GB00BPQY8M80	Sale	-16,259	5.3540 GBP
GB00BPQY8M80	Sale	-15,491	5.3261 GBP
GB00BPQY8M80	Sale	-15,485	5.3563 GBP
GB00BPQY8M80	Sale	-15,056	5.3540 GBP
GB00BPQY8M80	Sale	-13,921	5.3107 GBP
GB00BPQY8M80	Sale	-13,863	5.3259 GBP
GB00BPQY8M80	Sale	-11,908	5.3540 GBP
GB00BPQY8M80	Sale	-11,331	5.3418 GBP
GB00BPQY8M80	Sale	-8,800	5.3472 GBP
GB00BPQY8M80	Sale	-8,527	5.3475 GBP
GB00BPQY8M80	Sale	-8,384	5.3348 GBP
GB00BPQY8M80	Sale	-6,263	5.3472 GBP
GB00BPQY8M80	Sale	-5,364	5.3309 GBP
GB00BPQY8M80	Sale	-5,261	5.3576 GBP
GB00BPQY8M80	Sale	-4,795	5.3472 GBP
GB00BPQY8M80	Sale	-3,918	5.3378 GBP
GB00BPQY8M80	Sale	-3,336	5.3306 GBP
GB00BPQY8M80	Sale	-2,235	5.3472 GBP
GB00BPQY8M80	Sale	-2,018	5.3472 GBP
GB00BPQY8M80	Sale	-1,792	5.3540 GBP
GB00BPQY8M80	Sale	-1,742	5.3398 GBP
GB00BPQY8M80	Sale	-1,703	5.3540 GBP
GB00BPQY8M80	Sale	-1,677	5.3540 GBP
GB00BPQY8M80	Sale	-1,478	5.3540 GBP
GB00BPQY8M80	Sale	-1,182	5.3543 GBP
GB00BPQY8M80	Sale	-961	5.3180 GBP
GB00BPQY8M80	Sale	-265	5.3540 GBP
GB00BPQY8M80	Sale	-248	5.3540 GBP
GB00BPQY8M80	Sale	-196	5.3578 GBP
GB00BPQY8M80	Sale	-35	5.3472 GBP
GB00BPQY8M80	Sale	-10	5.3529 GBP
GB00BPQY8M80	Sale	-2	5.3411 GBP

(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 reference securities	Price per unit
GB00BPQY8M80	Contract for Difference	Increasing Short Position	-8,957	5.3540
GB00BPQY8M80	Contract for Difference	Increasing Short Position	-512	5.3540 GBP
GB00BPQY8M80	Contract for Difference	Reducing Long Position	-731,085	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Long Position	-94,611	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	120,286	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	22,467	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	7,397	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	98,757	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	3,286	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	26,241	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	93,881	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	12,494	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	73,476	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	3,263	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	8,942	5.3540
GB00BPQY8M80	Contract for Difference	Reducing Short Position	5,364	5.3540 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)        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 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?	Yes

###### Date of disclosure:	10/03/2025
###### 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 .

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS,

AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.	KEY INFORMATION

Full name of person making disclosure:	BNP Paribas SA
Name of offeror/offeree in relation to whose  relevant securities the disclosure relates:	Aviva plc

2.	STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
32 17/19p ordinary (GB00BPQY8M80)	Put Option	W	500000	5.354	american	18/12/2026
32 17/19p ordinary (GB00BPQY8M80)	Call Option	P	86000	5.354	american	19/12/2025

3.	AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

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

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

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

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