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:

23 Mar 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:

11,526,512

1.92%

3,727,411

0.62%

(2)

Cash-settled derivatives:

and/or controlled:

336,377

0.06%

10,956,568

1.83%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

11,862,889

1.98%

14,683,979

2.45%

(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

556,069

12.6600 GBP

12.6400 GBP

5p ordinary

Sale

558,034

12.6690 GBP

12.6391 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

Increasing Short

25,291

12.6468 GBP

5p ordinary

SWAP

Decreasing Short

9,200

12.6391 GBP

5p ordinary

SWAP

Decreasing Short

7

12.6396 GBP

5p ordinary

SWAP

Decreasing Short

136,650

12.6400 GBP

5p ordinary

SWAP

Decreasing Short

35,983

12.6410 GBP

5p ordinary

SWAP

Decreasing Short

12,212

12.6427 GBP

5p ordinary

SWAP

Decreasing Short

127,054

12.6431 GBP

5p ordinary

SWAP

Decreasing Short

1,573

12.6448 GBP

5p ordinary

SWAP

Decreasing Short

3,533

12.6459 GBP

5p ordinary

SWAP

Decreasing Short

1,025

12.6465 GBP

5p ordinary

SWAP

Decreasing Short

1,008

12.6485 GBP

5p ordinary

SWAP

Decreasing Short

71

12.6489 GBP

5p ordinary

SWAP

Decreasing Short

147

12.6498 GBP

5p ordinary

SWAP

Decreasing Short

692

12.6499 GBP

5p ordinary

SWAP

Decreasing Short

1,828

12.6537 GBP

5p ordinary

SWAP

Decreasing Short

17,400

12.6571 GBP

5p ordinary

SWAP

Decreasing Short

11,750

12.6690 GBP

5p ordinary

SWAP

Increasing Short

1,490

12.6406 GBP

5p ordinary

SWAP

Increasing Short

60,843

12.6419 GBP

5p ordinary

SWAP

Increasing Short

61,444

12.6423 GBP

5p ordinary

SWAP

Increasing Short

4,564

12.6470 GBP

5p ordinary

SWAP

Increasing Short

3,750

12.6471 GBP

5p ordinary

SWAP

Increasing Short

6,810

12.6494 GBP

5p ordinary

SWAP

Increasing Short

3,057

12.6500 GBP

5p ordinary

SWAP

Increasing Short

12,379

12.6510 GBP

5p ordinary

SWAP

Increasing Short

1,055

12.6517 GBP

5p ordinary

SWAP

Increasing Short

7,618

12.6521 GBP

5p ordinary

SWAP

Increasing Short

1,895

12.6533 GBP

5p ordinary

SWAP

Increasing Short

76

12.6538 GBP

5p ordinary

SWAP

Increasing Short

908

12.6575 GBP

5p ordinary

SWAP

Increasing Short

27,653

12.6577 GBP

5p ordinary

SWAP

Increasing Short

140,191

12.6583 GBP

5p ordinary

CFD

Decreasing Short

694

12.6392 GBP

5p ordinary

CFD

Decreasing Short

2,255

12.6491 GBP

5p ordinary

CFD

Increasing Short

2,255

12.6408 GBP

5p ordinary

CFD

Increasing Short

412

12.6450 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:

24 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213