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:

30 Jan 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:

7,650,456

1.28%

4,878,500

0.81%

(2)

Cash-settled derivatives:

and/or controlled:

425,422

0.07%

6,233,268

1.04%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

8,075,878

1.35%

11,111,768

1.85%

(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

1,086,193

11.4900 GBP

11.2400 GBP

5p ordinary

Sale

665,669

11.4900 GBP

11.2177 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

8,801

11.3661 GBP

5p ordinary

SWAP

Decreasing Short

2,812

11.2177 GBP

5p ordinary

SWAP

Decreasing Short

5,000

11.2777 GBP

5p ordinary

SWAP

Decreasing Short

45,000

11.2805 GBP

5p ordinary

SWAP

Decreasing Short

2,074

11.2806 GBP

5p ordinary

SWAP

Decreasing Short

2,813

11.2877 GBP

5p ordinary

SWAP

Decreasing Short

41

11.2990 GBP

5p ordinary

SWAP

Decreasing Short

1,064

11.3277 GBP

5p ordinary

SWAP

Decreasing Short

324

11.3290 GBP

5p ordinary

SWAP

Decreasing Short

3,114

11.3292 GBP

5p ordinary

SWAP

Decreasing Short

2,993

11.3294 GBP

5p ordinary

SWAP

Decreasing Short

167,400

11.3300 GBP

5p ordinary

SWAP

Decreasing Short

858

11.3419 GBP

5p ordinary

SWAP

Decreasing Short

3,122

11.3608 GBP

5p ordinary

SWAP

Decreasing Short

430

11.3738 GBP

5p ordinary

SWAP

Decreasing Short

732

11.3739 GBP

5p ordinary

SWAP

Decreasing Short

1,116

11.3808 GBP

5p ordinary

SWAP

Decreasing Short

2,879

11.3851 GBP

5p ordinary

SWAP

Decreasing Short

38,072

11.4243 GBP

5p ordinary

SWAP

Decreasing Short

10,910

11.4281 GBP

5p ordinary

SWAP

Decreasing Short

4,247

11.4544 GBP

5p ordinary

SWAP

Decreasing Short

32

11.4590 GBP

5p ordinary

SWAP

Decreasing Short

9,166

11.4625 GBP

5p ordinary

SWAP

Increasing Short

2,578

11.2685 GBP

5p ordinary

SWAP

Increasing Short

2,488

11.2720 GBP

5p ordinary

SWAP

Increasing Short

741

11.2900 GBP

5p ordinary

SWAP

Increasing Short

17,250

11.3001 GBP

5p ordinary

SWAP

Increasing Short

8,869

11.3054 GBP

5p ordinary

SWAP

Increasing Short

708

11.3059 GBP

5p ordinary

SWAP

Increasing Short

304

11.3160 GBP

5p ordinary

SWAP

Increasing Short

22,585

11.3279 GBP

5p ordinary

SWAP

Increasing Short

153,022

11.3299 GBP

5p ordinary

SWAP

Increasing Short

361,426

11.3300 GBP

5p ordinary

SWAP

Increasing Short

20,715

11.3311 GBP

5p ordinary

SWAP

Increasing Short

6,980

11.3322 GBP

5p ordinary

SWAP

Increasing Short

1,226

11.3323 USD

5p ordinary

SWAP

Increasing Short

5,625

11.3379 GBP

5p ordinary

SWAP

Increasing Short

5,090

11.3547 GBP

5p ordinary

SWAP

Increasing Short

85,782

11.3711 GBP

5p ordinary

SWAP

Increasing Short

2,813

11.3822 GBP

5p ordinary

SWAP

Increasing Short

228

11.4050 GBP

5p ordinary

SWAP

Increasing Short

623

11.4303 GBP

5p ordinary

SWAP

Increasing Short

20,000

11.4568 GBP

5p ordinary

SWAP

Increasing Short

17,124

11.4691 GBP

5p ordinary

SWAP

Increasing Short

6,000

11.4868 GBP

5p ordinary

CFD

Decreasing Short

26,044

11.4033 GBP

5p ordinary

CFD

Decreasing Short

2,343

11.4079 GBP

5p ordinary

CFD

Increasing Short

1,316

11.2776 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:

02 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213