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 Jul 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:

18,841,601

3.13%

2,595,870

0.43%

(2)

Cash-settled derivatives:

and/or controlled:

843,020

0.14%

17,595,098

2.93%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

19,684,621

3.27%

20,190,968

3.36%

(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

784,690

12.9600 GBP

12.9125 GBP

5p ordinary

Sale

383,990

12.9600 GBP

12.9100 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

202

12.9216 GBP

5p ordinary

SWAP

Decreasing Short

188

12.9192 GBP

5p ordinary

SWAP

Decreasing Short

35

12.9189 GBP

5p ordinary

SWAP

Decreasing Short

34

12.9189 GBP

5p ordinary

SWAP

Decreasing Short

376

12.9215 GBP

5p ordinary

SWAP

Opening Long

36,079

12.9600 GBP

5p ordinary

SWAP

Decreasing Short

283

12.9300 GBP

5p ordinary

SWAP

Opening Short

11,283

12.9604 GBP

5p ordinary

SWAP

Decreasing Long

1,237

12.9209 GBP

5p ordinary

SWAP

Decreasing Short

40,120

12.9265 GBP

5p ordinary

CFD

Decreasing Long

203

12.9311 GBP

5p ordinary

CFD

Decreasing Short

2,108

12.9136 GBP

5p ordinary

SWAP

Decreasing Short

48,000

12.9285 GBP

5p ordinary

SWAP

Increasing Short

6,690

12.9561 GBP

5p ordinary

SWAP

Increasing Short

12,033

12.9244 GBP

5p ordinary

SWAP

Decreasing Long

213,527

12.9558 GBP

5p ordinary

SWAP

Decreasing Short

722

12.9191 GBP

5p ordinary

CFD

Increasing Long

24,352

12.9581 GBP

5p ordinary

CFD

Increasing Short

131

12.9207 GBP

5p ordinary

SWAP

Increasing Short

7,041

12.9215 GBP

5p ordinary

SWAP

Decreasing Short

1,700

12.9400 GBP

5p ordinary

SWAP

Decreasing Long

78,636

12.9209 GBP

5p ordinary

SWAP

Increasing Short

107

12.9600 GBP

5p ordinary

SWAP

Decreasing Short

7,284

12.9147 GBP

5p ordinary

SWAP

Increasing Short

3,466

12.9177 GBP

5p ordinary

SWAP

Increasing Short

11,349

12.9210 GBP

5p ordinary

SWAP

Increasing Short

8,889

12.9180 GBP

5p ordinary

SWAP

Decreasing Short

382

12.9600 GBP

5p ordinary

SWAP

Increasing Short

39

12.9600 GBP

5p ordinary

SWAP

Decreasing Short

19,792

12.9557 GBP

5p ordinary

SWAP

Increasing Short

11,902

12.9600 GBP

5p ordinary

SWAP

Increasing Short

1,275

12.9207 GBP

5p ordinary

SWAP

Increasing Short

211,372

12.9213 GBP

5p ordinary

SWAP

Decreasing Short

8,965

12.9345 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 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213