Direct Line Insurance Group PLC has recently appointed Adam Winslow as Chief Executive Officer, and as part of his remuneration package, a Restricted Share Award (RSA) has been made to him over ordinary shares of 1010/11pence each in DLG. These awards are in line with the Directors' Remuneration Policy approved by shareholders at the AGM in May 2023. The Remuneration Committee has also made awards to Mr. Winslow to compensate him for remuneration arrangements forfeited on leaving Aviva, and these awards will accrue dividend equivalent shares until vesting.

The RSA includes awards to compensate for remuneration arrangements forfeited on leaving Aviva, and these awards do not have performance conditions. The awards include options from Deferred Bonus schemes from 2021, 2022, and 2023, as well as Long-Term Incentive Plans (LTIP) from the same years. The normal vesting dates for these awards range from 2024 to 2027.

In accordance with Article 19 of the EU Market Abuse Regulation 596/2014, Direct Line Insurance Group PLC has disclosed the details of the transactions, including the person discharging managerial responsibilities (Adam Winslow), the nature of the transactions, the financial instruments involved, and the date and place of the transaction. The transactions were conducted off-market on 5 April 2024.

For any enquiries relating to this announcement, Roger Clifton, the Company Secretary, can be contacted via email at [email protected].

This announcement provides insight into the recent Restricted Share Awards made to the new CEO, Adam Winslow, as part of his remuneration package, and ensures transparency in accordance with regulatory requirements.