Form 8.5 EPT/Non RI BEAZLEY PLC

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

BEAZLEY PLC

relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

BEAZLEY PLC

principal trader is connected

(d)

Date position held/dealing undertaken:

27 Apr 2026

(e)

In addition to the company in 1(b) above, is the exempt principal

NO

trader making disclosures in respect of any other party to the 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:

5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

20,865,450

3.47%

2,243,481

0.37%

(2)

Cash-settled derivatives:

and/or controlled:

468,963

0.08%

20,127,252

3.35%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

21,334,413

3.55%

22,370,733

3.72%

(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:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

securities

paid/received

paid/received

5p ordinary

Purchase

777,834

12.7552 GBP

12.7448 GBP

5p ordinary

Sale

317,294

12.7550 GBP

12.7424 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

5p ordinary

SWAP

Decreasing Short

2,017

12.7468 GBP

5p ordinary

SWAP

Decreasing Short

4,949

12.7469 GBP

5p ordinary

SWAP

Decreasing Short

9,136

12.7471 GBP

5p ordinary

SWAP

Decreasing Short

723

12.7475 GBP

5p ordinary

SWAP

Decreasing Short

26,100

12.7484 GBP

5p ordinary

SWAP

Decreasing Short

8,323

12.7491 GBP

5p ordinary

SWAP

Decreasing Short

1,698

12.7500 GBP

5p ordinary

SWAP

Decreasing Short

62,000

12.7504 GBP

5p ordinary

SWAP

Decreasing Short

63

12.7516 GBP

5p ordinary

SWAP

Decreasing Short

849

12.7529 GBP

5p ordinary

SWAP

Decreasing Short

34

12.7539 GBP

5p ordinary

SWAP

Decreasing Short

4,077

12.7541 GBP

5p ordinary

SWAP

Decreasing Short

76

12.7548 GBP

5p ordinary

SWAP

Decreasing Short

59,865

12.7550 GBP

5p ordinary

SWAP

Increasing Short

300,000

12.7463 GBP

5p ordinary

SWAP

Increasing Short

1,027

12.7475 GBP

5p ordinary

SWAP

Increasing Short

3,382

12.7499 GBP

5p ordinary

SWAP

Increasing Short

23,322

12.7500 GBP

5p ordinary

SWAP

Increasing Short

3

12.7501 GBP

5p ordinary

SWAP

Increasing Short

51,505

12.7503 GBP

5p ordinary

SWAP

Increasing Short

45,659

12.7508 GBP

5p ordinary

SWAP

Increasing Short

560

12.7512 GBP

5p ordinary

SWAP

Increasing Short

6,562

12.7513 GBP

5p ordinary

SWAP

Increasing Short

3,429

12.7518 GBP

5p ordinary

SWAP

Increasing Short

74

12.7525 GBP

5p ordinary

SWAP

Increasing Short

2,622

12.7528 GBP

5p ordinary

SWAP

Increasing Short

1,633

12.7529 GBP

5p ordinary

SWAP

Increasing Short

12,460

12.7530 GBP

5p ordinary

SWAP

Increasing Short

365

12.7539 GBP

5p ordinary

SWAP

Increasing Short

5,625

12.7542 GBP

5p ordinary

SWAP

Increasing Short

19,832

12.7545 GBP

5p ordinary

SWAP

Increasing Short

37,360

12.7550 GBP

5p ordinary

SWAP

Increasing Short

85,238

12.7552 GBP

5p ordinary

SWAP

Increasing Short

22,304

12.7556 GBP

5p ordinary

CFD

Decreasing Short

10,704

12.7448 GBP

5p ordinary

CFD

Decreasing Short

592

12.7491 GBP

5p ordinary

CFD

Increasing Short

11,899

12.7501 GBP

5p ordinary

CFD

Increasing Short

16,850

12.7502 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings 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:

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 of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

28 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213