BNP Paribas

Major Shareholding Notification • Dec 27, 2024

National Storage Mechanism | Additional information

RNS Number : 4518R

BNP Paribas London

27 December 2024

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	24/12/2024
(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: 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:	19,876,862	.74	-21,003,345	-.78
(2) Cash-settled derivatives:	6,178,538	.23	-13,071,558	-.49
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	86,000	.00	0	.00
TOTAL:	26,141,400	.98	-34,074,903	-1.27

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	4.6280 GBP
GB00BPQY8M80	Purchase	2	4.6280 GBP
GB00BPQY8M80	Purchase	6	4.6312 GBP
GB00BPQY8M80	Purchase	38	4.6280 GBP
GB00BPQY8M80	Purchase	48	4.6280 GBP
GB00BPQY8M80	Purchase	56	4.6280 GBP
GB00BPQY8M80	Purchase	57	4.6300 GBP
GB00BPQY8M80	Purchase	64	4.6280 GBP
GB00BPQY8M80	Purchase	70	4.6248 GBP
GB00BPQY8M80	Purchase	79	4.6280 GBP
GB00BPQY8M80	Purchase	118	4.6280 GBP
GB00BPQY8M80	Purchase	132	4.6280 GBP
GB00BPQY8M80	Purchase	138	4.6366 GBP
GB00BPQY8M80	Purchase	152	4.6270 GBP
GB00BPQY8M80	Purchase	165	4.6300 GBP
GB00BPQY8M80	Purchase	178	4.6270 GBP
GB00BPQY8M80	Purchase	206	4.6300 GBP
GB00BPQY8M80	Purchase	245	4.6394 GBP
GB00BPQY8M80	Purchase	256	4.6310 GBP
GB00BPQY8M80	Purchase	539	4.6270 GBP
GB00BPQY8M80	Purchase	609	4.6283 GBP
GB00BPQY8M80	Purchase	847	4.6374 GBP
GB00BPQY8M80	Purchase	990	4.6279 GBP
GB00BPQY8M80	Purchase	1,241	4.6310 GBP
GB00BPQY8M80	Purchase	1,274	4.6275 GBP
GB00BPQY8M80	Purchase	3,081	4.6383 GBP
GB00BPQY8M80	Purchase	4,554	4.6322 GBP
GB00BPQY8M80	Purchase	9,439	4.6310 GBP
GB00BPQY8M80	Purchase	10,365	4.6331 GBP
GB00BPQY8M80	Purchase	12,605	4.6319 GBP
GB00BPQY8M80	Purchase	12,902	4.6294 GBP
GB00BPQY8M80	Purchase	14,194	4.6285 GBP
GB00BPQY8M80	Purchase	33,643	4.6285 GBP
GB00BPQY8M80	Purchase	51,657	4.6304 GBP
GB00BPQY8M80	Purchase	95,513	4.6285 GBP
GB00BPQY8M80	Purchase	119,898	4.6304 GBP
GB00BPQY8M80	Purchase	208,051	4.6320 GBP
GB00BPQY8M80	Sale	-172,397	4.6304 GBP
GB00BPQY8M80	Sale	-64,986	4.6311 GBP
GB00BPQY8M80	Sale	-36,760	4.6355 GBP
GB00BPQY8M80	Sale	-33,818	4.6268 GBP
GB00BPQY8M80	Sale	-24,679	4.6310 GBP
GB00BPQY8M80	Sale	-16,201	4.6321 GBP
GB00BPQY8M80	Sale	-15,949	4.6314 GBP
GB00BPQY8M80	Sale	-13,250	4.6310 GBP
GB00BPQY8M80	Sale	-12,770	4.6247 GBP
GB00BPQY8M80	Sale	-11,200	4.6317 GBP
GB00BPQY8M80	Sale	-10,993	4.6304 GBP
GB00BPQY8M80	Sale	-10,087	4.6360 GBP
GB00BPQY8M80	Sale	-9,439	4.6310 GBP
GB00BPQY8M80	Sale	-9,000	4.6317 GBP
GB00BPQY8M80	Sale	-6,468	4.6380 GBP
GB00BPQY8M80	Sale	-6,468	4.6380 GBP
GB00BPQY8M80	Sale	-6,300	4.6380 GBP
GB00BPQY8M80	Sale	-5,162	4.6310 GBP
GB00BPQY8M80	Sale	-4,968	4.6380 GBP
GB00BPQY8M80	Sale	-4,968	4.6380 GBP
GB00BPQY8M80	Sale	-4,968	4.6380 GBP
GB00BPQY8M80	Sale	-4,696	4.6310 GBP
GB00BPQY8M80	Sale	-4,300	4.6302 GBP
GB00BPQY8M80	Sale	-3,928	4.6292 GBP
GB00BPQY8M80	Sale	-3,664	4.6309 GBP
GB00BPQY8M80	Sale	-2,585	4.6310 GBP
GB00BPQY8M80	Sale	-2,546	4.6335 GBP
GB00BPQY8M80	Sale	-1,500	4.6380 GBP
GB00BPQY8M80	Sale	-1,458	4.6289 GBP
GB00BPQY8M80	Sale	-1,430	4.6232 GBP
GB00BPQY8M80	Sale	-1,225	4.6310 GBP
GB00BPQY8M80	Sale	-1,166	4.6282 GBP
GB00BPQY8M80	Sale	-957	4.6312 GBP
GB00BPQY8M80	Sale	-719	4.6370 GBP
GB00BPQY8M80	Sale	-717	4.6270 GBP
GB00BPQY8M80	Sale	-717	4.6320 GBP
GB00BPQY8M80	Sale	-717	4.6330 GBP
GB00BPQY8M80	Sale	-713	4.6390 GBP
GB00BPQY8M80	Sale	-703	4.6360 GBP
GB00BPQY8M80	Sale	-668	4.6310 GBP
GB00BPQY8M80	Sale	-632	4.6320 GBP
GB00BPQY8M80	Sale	-627	4.6295 GBP
GB00BPQY8M80	Sale	-614	4.6310 GBP
GB00BPQY8M80	Sale	-599	4.6300 GBP
GB00BPQY8M80	Sale	-592	4.6320 GBP
GB00BPQY8M80	Sale	-579	4.6330 GBP
GB00BPQY8M80	Sale	-563	4.6300 GBP
GB00BPQY8M80	Sale	-551	4.6360 GBP
GB00BPQY8M80	Sale	-551	4.6380 GBP
GB00BPQY8M80	Sale	-484	4.6370 GBP
GB00BPQY8M80	Sale	-480	4.6360 GBP
GB00BPQY8M80	Sale	-463	4.6320 GBP
GB00BPQY8M80	Sale	-447	4.6360 GBP
GB00BPQY8M80	Sale	-417	4.6270 GBP
GB00BPQY8M80	Sale	-417	4.6280 GBP
GB00BPQY8M80	Sale	-417	4.6300 GBP
GB00BPQY8M80	Sale	-417	4.6370 GBP
GB00BPQY8M80	Sale	-411	4.6280 GBP
GB00BPQY8M80	Sale	-393	4.6370 GBP
GB00BPQY8M80	Sale	-392	4.6320 GBP
GB00BPQY8M80	Sale	-376	4.6170 GBP
GB00BPQY8M80	Sale	-371	4.6260 GBP
GB00BPQY8M80	Sale	-366	4.6310 GBP
GB00BPQY8M80	Sale	-356	4.6320 GBP
GB00BPQY8M80	Sale	-339	4.6260 GBP
GB00BPQY8M80	Sale	-334	4.6280 GBP
GB00BPQY8M80	Sale	-332	4.6310 GBP
GB00BPQY8M80	Sale	-330	4.6310 GBP
GB00BPQY8M80	Sale	-327	4.6360 GBP
GB00BPQY8M80	Sale	-327	4.6360 GBP
GB00BPQY8M80	Sale	-311	4.6360 GBP
GB00BPQY8M80	Sale	-308	4.6360 GBP
GB00BPQY8M80	Sale	-307	4.6330 GBP
GB00BPQY8M80	Sale	-307	4.6330 GBP
GB00BPQY8M80	Sale	-306	4.6280 GBP
GB00BPQY8M80	Sale	-302	4.6360 GBP
GB00BPQY8M80	Sale	-299	4.6260 GBP
GB00BPQY8M80	Sale	-284	4.6300 GBP
GB00BPQY8M80	Sale	-281	4.6360 GBP
GB00BPQY8M80	Sale	-273	4.6190 GBP
GB00BPQY8M80	Sale	-266	4.6310 GBP
GB00BPQY8M80	Sale	-259	4.6300 GBP
GB00BPQY8M80	Sale	-259	4.6300 GBP
GB00BPQY8M80	Sale	-254	4.6330 GBP
GB00BPQY8M80	Sale	-230	4.6320 GBP
GB00BPQY8M80	Sale	-229	4.6220 GBP
GB00BPQY8M80	Sale	-229	4.6270 GBP
GB00BPQY8M80	Sale	-227	4.6280 GBP
GB00BPQY8M80	Sale	-205	4.6260 GBP
GB00BPQY8M80	Sale	-203	4.6310 GBP
GB00BPQY8M80	Sale	-202	4.6360 GBP
GB00BPQY8M80	Sale	-201	4.6370 GBP
GB00BPQY8M80	Sale	-197	4.6300 GBP
GB00BPQY8M80	Sale	-193	4.6370 GBP
GB00BPQY8M80	Sale	-192	4.6330 GBP
GB00BPQY8M80	Sale	-191	4.6290 GBP
GB00BPQY8M80	Sale	-191	4.6320 GBP
GB00BPQY8M80	Sale	-189	4.6270 GBP
GB00BPQY8M80	Sale	-188	4.6300 GBP
GB00BPQY8M80	Sale	-186	4.6300 GBP
GB00BPQY8M80	Sale	-185	4.6360 GBP
GB00BPQY8M80	Sale	-179	4.6360 GBP
GB00BPQY8M80	Sale	-177	4.6290 GBP
GB00BPQY8M80	Sale	-177	4.6360 GBP
GB00BPQY8M80	Sale	-173	4.6260 GBP
GB00BPQY8M80	Sale	-173	4.6360 GBP
GB00BPQY8M80	Sale	-173	4.6360 GBP
GB00BPQY8M80	Sale	-170	4.6360 GBP
GB00BPQY8M80	Sale	-169	4.6300 GBP
GB00BPQY8M80	Sale	-159	4.6360 GBP
GB00BPQY8M80	Sale	-156	4.6280 GBP
GB00BPQY8M80	Sale	-154	4.6300 GBP
GB00BPQY8M80	Sale	-154	4.6360 GBP
GB00BPQY8M80	Sale	-154	4.6360 GBP
GB00BPQY8M80	Sale	-152	4.6300 GBP
GB00BPQY8M80	Sale	-151	4.6290 GBP
GB00BPQY8M80	Sale	-151	4.6330 GBP
GB00BPQY8M80	Sale	-151	4.6360 GBP
GB00BPQY8M80	Sale	-151	4.6360 GBP
GB00BPQY8M80	Sale	-143	4.6270 GBP
GB00BPQY8M80	Sale	-143	4.6320 GBP
GB00BPQY8M80	Sale	-134	4.6320 GBP
GB00BPQY8M80	Sale	-130	4.6280 GBP
GB00BPQY8M80	Sale	-119	4.6300 GBP
GB00BPQY8M80	Sale	-108	4.6320 GBP
GB00BPQY8M80	Sale	-104	4.6360 GBP
GB00BPQY8M80	Sale	-103	4.6310 GBP
GB00BPQY8M80	Sale	-101	4.6300 GBP
GB00BPQY8M80	Sale	-99	4.6310 GBP
GB00BPQY8M80	Sale	-98	4.6280 GBP
GB00BPQY8M80	Sale	-96	4.6290 GBP
GB00BPQY8M80	Sale	-96	4.6360 GBP
GB00BPQY8M80	Sale	-96	4.6370 GBP
GB00BPQY8M80	Sale	-93	4.6370 GBP
GB00BPQY8M80	Sale	-86	4.6300 GBP
GB00BPQY8M80	Sale	-80	4.6370 GBP
GB00BPQY8M80	Sale	-74	4.6300 GBP
GB00BPQY8M80	Sale	-70	4.6310 GBP
GB00BPQY8M80	Sale	-64,910	4.6310 GBP
GB00BPQY8M80	Sale	-61	4.6300 GBP
GB00BPQY8M80	Sale	-51	4.6310 GBP
GB00BPQY8M80	Sale	-49	4.6290 GBP
GB00BPQY8M80	Sale	-44	4.6300 GBP
GB00BPQY8M80	Sale	-44	4.6300 GBP
GB00BPQY8M80	Sale	-40	4.6320 GBP
GB00BPQY8M80	Sale	-32	4.6300 GBP
GB00BPQY8M80	Sale	-31	4.6360 GBP
GB00BPQY8M80	Sale	-11	4.6360 GBP
GB00BPQY8M80	Sale	-9	4.6320 GBP
GB00BPQY8M80	Sale	-8	4.6290 GBP
GB00BPQY8M80	Sale	-4	4.6370 GBP
GB00BPQY8M80	Sale	-2	4.6300 GBP
GB00BPQY8M80	Sale	-1	4.6370 GBP
GB00BPQY8M80	Sale	-1	4.6370 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 references securities	Price per unit
GB00BPQY8M80	Contract for Difference	Increasing Long Position	58,383	4.6310
GB00BPQY8M80	Contract for Difference	Increasing Long Position	1,787	4.6310
GB00BPQY8M80	Contract for Difference	Increasing Short Position	-13,214	4.6310 GBP
GB00BPQY8M80	Contract for Difference	Increasing Short Position	-6	4.6310 GBP
GB00BPQY8M80	Contract for Difference	Increasing Short Position	-1,967	4.6310 GBP
GB00BPQY8M80	Contract for Difference	Reducing Short Position	8,919	4.6310 GBP
GB00BPQY8M80	Contract for Difference	Reducing Short Position	4,311	4.6310 GBP
GB00BPQY8M80	Contract for Difference	Reducing Short Position	108,788	4.6310 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?	Yes

Date of Disclosure:	27/12/2024
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

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)	Call Option	P	86000	4.631	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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