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:

29 Sep 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:

16,529,978

2.74%

1,565,453

0.26%

(2)

Cash-settled derivatives:

and/or controlled:

1,553,784

0.26%

15,605,739

2.59%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

18,083,762

3.00%

17,171,192

2.85%

(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

955,611

13.0853 GBP

13.0790 GBP

5p ordinary

Sale

2,261,563

13.0850 GBP

13.0760 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

1

13.0839 GBP

5p ordinary

SWAP

Decreasing Short

180

13.0848 GBP

5p ordinary

SWAP

Increasing Long

1,574

13.0798 GBP

5p ordinary

SWAP

Increasing Long

175

13.0798 GBP

5p ordinary

SWAP

Increasing Short

2,717

13.0800 GBP

5p ordinary

SWAP

Closing Short

15,000

13.0802 GBP

5p ordinary

SWAP

Decreasing Short

2,393

13.0800 GBP

5p ordinary

CFD

Increasing Long

422

13.0838 GBP

5p ordinary

SWAP

Increasing Short

3,163

13.0808 GBP

5p ordinary

SWAP

Closing Short

128,985

13.0850 GBP

5p ordinary

SWAP

Closing Short

552,009

13.0850 GBP

5p ordinary

SWAP

Closing Short

1,273,752

13.0850 GBP

5p ordinary

SWAP

Decreasing Short

3,401

13.0760 GBP

5p ordinary

SWAP

Decreasing Short

96,599

13.0760 GBP

5p ordinary

SWAP

Decreasing Long

146

13.0851 GBP

5p ordinary

SWAP

Decreasing Short

1,027

13.0807 GBP

5p ordinary

SWAP

Increasing Short

391

13.0800 GBP

5p ordinary

SWAP

Decreasing Long

268

13.0826 GBP

5p ordinary

SWAP

Increasing Short

4,072

13.0850 GBP

5p ordinary

SWAP

Decreasing Short

27,721

13.0800 GBP

5p ordinary

SWAP

Increasing Long

400

13.0798 GBP

5p ordinary

SWAP

Decreasing Short

13

13.0800 GBP

5p ordinary

SWAP

Decreasing Long

917

13.0851 GBP

5p ordinary

SWAP

Decreasing Short

164

13.0825 GBP

5p ordinary

SWAP

Increasing Long

268

13.0798 GBP

5p ordinary

SWAP

Decreasing Short

1,330

13.0800 GBP

5p ordinary

SWAP

Decreasing Short

48,593

13.0800 GBP

5p ordinary

SWAP

Decreasing Short

2,264

13.0825 GBP

5p ordinary

SWAP

Decreasing Short

2,900

13.0825 GBP

5p ordinary

SWAP

Increasing Short

37,078

13.0853 GBP

5p ordinary

SWAP

Decreasing Short

45,530

13.0800 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:

30 Sep 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213