Form 8.5 (EPT/NON-RI) - AVIVA PLC

LONDON--(BUSINESS WIRE)--

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)	Name of exempt principal trader:	BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose	AVIVA PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt	FRIENDS LIFE GROUP LIMITED
	principal trader is connected
(d)	Date position held/dealing undertaken:	27 November 2014
(e)	Has the EPT previously disclosed, or is it	YES:
	today disclosing, under the Code in respect	FRIENDS LIFE GROUP LIMITED
	of any other party to this offer?

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(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:		ORD
		Interests		Short Positions
		Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:	5,918,997	0.20%	5,931,352	0.20%
(2)	Derivatives (other than
	options):	5,204,696	0.18%	3,369,179	0.11%
(3)	Options and agreements to
	purchase/sell:	1,184,139	0.04%	0	0.00%
	TOTAL:	12,307,832	0.42%	9,300,531	0.32%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, 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 executive options)

Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

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(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant	Purchase/sale	Number of	Price per unit
security		securities
ORD	Purchase	827	5.0745 GBP
ORD	Purchase	1,259	5.0900 GBP
ORD	Purchase	3,260	5.0773 GBP
ORD	Purchase	6,232	5.0575 GBP
ORD	Purchase	7,319	5.0600 GBP
ORD	Purchase	7,932	5.0674 GBP
ORD	Purchase	11,511	5.0650 GBP
ORD	Purchase	12,507	5.0850 GBP
ORD	Purchase	16,172	5.0700 GBP
ORD	Purchase	21,169	5.0792 GBP
ORD	Purchase	30,324	5.0725 GBP
ORD	Purchase	37,147	5.0750 GBP
ORD	Purchase	37,585	5.0875 GBP
ORD	Purchase	37,643	5.0853 GBP
ORD	Purchase	38,272	5.0798 GBP
ORD	Purchase	48,415	5.0622 GBP
ORD	Purchase	59,855	5.0592 GBP
ORD	Purchase	79,818	5.0827 GBP
ORD	Purchase	90,558	5.0825 GBP
ORD	Purchase	92,990	5.0810 GBP
ORD	Purchase	102,816	5.0621 GBP
ORD	Purchase	123,987	5.0651 GBP
ORD	Purchase	151,656	5.0775 GBP
ORD	Purchase	161,879	5.0702 GBP
ORD	Purchase	298,502	5.0800 GBP
ORD	Purchase	506,384	5.0761 GBP
ORD	Purchase	558,662	5.0728 GBP
ORD	Purchase	673,813	5.0781 GBP
ORD	Purchase	804,139	5.0805 GBP
ORD	Sale	827	5.0745 GBP
ORD	Sale	1,954	5.0791 GBP
ORD	Sale	2,029	5.0600 GBP
ORD	Sale	3,736	5.0813 GBP
ORD	Sale	5,661	5.0724 GBP
ORD	Sale	6,232	5.0575 GBP
ORD	Sale	10,995	5.0759 GBP
ORD	Sale	11,511	5.0650 GBP
ORD	Sale	12,507	5.0850 GBP
ORD	Sale	13,183	5.0753 GBP
ORD	Sale	15,686	5.0700 GBP
ORD	Sale	17,822	5.0782 GBP
ORD	Sale	20,193	5.0774 GBP
ORD	Sale	30,324	5.0725 GBP
ORD	Sale	37,147	5.0750 GBP
ORD	Sale	37,585	5.0875 GBP
ORD	Sale	43,721	5.0819 GBP
ORD	Sale	56,388	5.0786 GBP
ORD	Sale	59,271	5.0733 GBP
ORD	Sale	63,559	5.0732 GBP
ORD	Sale	77,384	5.0746 GBP
ORD	Sale	90,558	5.0825 GBP
ORD	Sale	116,252	5.0780 GBP
ORD	Sale	117,426	5.0900 GBP
ORD	Sale	151,656	5.0775 GBP
ORD	Sale	173,442	5.0779 GBP
ORD	Sale	229,839	5.0768 GBP
ORD	Sale	269,053	5.0808 GBP
ORD	Sale	335,491	5.0757 GBP
ORD	Sale	394,997	5.0800 GBP
ORD	Sale	1,003,914	5.0730 GBP

(b) Derivatives transactions (other than options)

Class of	Product	Nature of dealing	Number of	Price per
relevant	description		reference	unit
security			securities
ORD	CFD	Long	2,600	5.0661 GBP
ORD	CFD	Long	2,635	5.0780 GBP
ORD	CFD	Long	3,026	5.0677 GBP
ORD	SWAP	Long	10,612	5.0798 GBP
ORD	CFD	Long	10,995	5.0759 GBP
ORD	SWAP	Long	13,183	5.0753 GBP
ORD	SWAP	Long	22,600	5.0843 GBP
ORD	CFD	Long	13,599	5.0813 GBP
ORD	CFD	Long	44,346	5.0787 GBP
ORD	CFD	Short	3,260	5.0773 GBP
ORD	SWAP	Short	7,932	5.0674 GBP
ORD	SWAP	Short	16,473	5.0764 GBP
ORD	SWAP	Short	19,200	5.0819 GBP
ORD	CFD	Short	18,034	5.0806 GBP
ORD	CFD	Short	37,643	5.0853 GBP
ORD	SWAP	Short	53,772	5.0652 GBP
ORD	SWAP	Short	79,818	5.0827 GBP
ORD	CFD	Short	474,271	5.0737 GBP

(c) Options transactions in respect of existing securities

(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) Exercising

Class of relevant security

Product description e.g. call option

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)

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

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

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 exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: 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 exempt principal trader 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:	28 Nov 2014
Contact name:	Rajesh Muthanna
Telephone number:	020 3555 4634

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

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

143221.01

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

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

1. KEY INFORMATION

Identity of the person whose positions/dealings	BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:
Name of offeror/offeree in relation to whose	AVIVA PLC
relevant securities this from relates:

2. OPTIONS AND DERIVATIVES

Class	Product	Writing,	Number	Exercise	Type	Expiry
of	description	purchasing,	of	price		date
relevant		selling,	securities	per unit
security		varying etc	to which
			option
			relates
ORD	Call Options	Purchased	804,139	5.6110	European	11 Dec 2014
ORD	Put Options	Written	380,000	280.0000	American	19 Dec 2014

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 contracts for differences (“CFDs”) or spread bets.

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 dealing disclosure requirements on [phone].

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

Category Code: FEO

Sequence Number: 442725

Time of Receipt (offset from UTC): 20141128T111209+0000