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:

05 Feb 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:

9,003,694

1.50%

4,895,974

0.82%

(2)

Cash-settled derivatives:

and/or controlled:

480,055

0.08%

7,613,649

1.27%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

9,483,749

1.58%

12,509,623

2.09%

(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

3,831,896

12.4660 GBP

12.3400 GBP

5p ordinary

Sale

1,612,034

12.4114 GBP

12.3400 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

5,086

12.3675 GBP

5p ordinary

SWAP

Increasing Short

16,076

12.3676 GBP

5p ordinary

SWAP

Decreasing Short

25

12.3548 GBP

5p ordinary

SWAP

Decreasing Short

551

12.3552 GBP

5p ordinary

SWAP

Decreasing Short

1,099

12.3569 GBP

5p ordinary

SWAP

Decreasing Short

5,578

12.3591 GBP

5p ordinary

SWAP

Decreasing Short

1,446

12.3595 GBP

5p ordinary

SWAP

Decreasing Short

127,408

12.3600 GBP

5p ordinary

SWAP

Decreasing Short

33,387

12.3606 GBP

5p ordinary

SWAP

Decreasing Short

45,344

12.3622 GBP

5p ordinary

SWAP

Decreasing Short

130,688

12.3642 GBP

5p ordinary

SWAP

Decreasing Short

6,412

12.3653 GBP

5p ordinary

SWAP

Decreasing Short

2,292

12.3655 GBP

5p ordinary

SWAP

Decreasing Short

29,251

12.3663 GBP

5p ordinary

SWAP

Decreasing Short

3,701

12.3668 GBP

5p ordinary

SWAP

Decreasing Short

25,497

12.3670 GBP

5p ordinary

SWAP

Decreasing Short

80,857

12.3676 GBP

5p ordinary

SWAP

Decreasing Short

13,939

12.3684 GBP

5p ordinary

SWAP

Decreasing Short

6,360

12.3699 GBP

5p ordinary

SWAP

Decreasing Short

2,596

12.3701 GBP

5p ordinary

SWAP

Decreasing Short

1,322

12.3709 GBP

5p ordinary

SWAP

Decreasing Short

2,078

12.3713 GBP

5p ordinary

SWAP

Decreasing Short

6,991

12.3714 GBP

5p ordinary

SWAP

Decreasing Short

12,791

12.3730 GBP

5p ordinary

SWAP

Decreasing Short

81

12.3746 GBP

5p ordinary

SWAP

Decreasing Short

47

12.3747 GBP

5p ordinary

SWAP

Decreasing Short

296

12.3926 GBP

5p ordinary

SWAP

Decreasing Short

27,522

12.3939 GBP

5p ordinary

SWAP

Decreasing Short

114

12.3942 GBP

5p ordinary

SWAP

Decreasing Short

6,100

12.3988 GBP

5p ordinary

SWAP

Decreasing Short

92

12.4098 GBP

5p ordinary

SWAP

Increasing Short

25,000

12.3524 GBP

5p ordinary

SWAP

Increasing Short

25,000

12.3537 GBP

5p ordinary

SWAP

Increasing Short

10,682

12.3550 GBP

5p ordinary

SWAP

Increasing Short

24,463

12.3552 GBP

5p ordinary

SWAP

Increasing Short

2

12.3553 GBP

5p ordinary

SWAP

Increasing Short

2,872

12.3589 GBP

5p ordinary

SWAP

Increasing Short

431,811

12.3600 GBP

5p ordinary

SWAP

Increasing Short

11,250

12.3628 GBP

5p ordinary

SWAP

Increasing Short

100,176

12.3682 GBP

5p ordinary

SWAP

Increasing Short

8,951

12.3723 GBP

5p ordinary

SWAP

Increasing Short

3,131

12.3778 GBP

5p ordinary

SWAP

Increasing Short

13,200

12.3781 GBP

5p ordinary

SWAP

Increasing Short

36,793

12.3815 GBP

5p ordinary

SWAP

Increasing Short

454,235

12.3900 GBP

5p ordinary

SWAP

Increasing Short

50,000

12.3935 GBP

5p ordinary

SWAP

Increasing Short

5,625

12.4024 GBP

5p ordinary

CFD

Decreasing Short

11,366

12.3728 GBP

5p ordinary

CFD

Decreasing Short

36,570

12.3783 GBP

5p ordinary

CFD

Decreasing Short

3,594

12.3800 GBP

5p ordinary

CFD

Decreasing Short

12,981

12.3826 GBP

5p ordinary

CFD

Opening Long

132,978

12.4061 GBP

5p ordinary

CFD

Increasing Long

114,011

12.4062 GBP

5p ordinary

CFD

Decreasing Long

123,627

12.3600 GBP

5p ordinary

CFD

Decreasing Long

3,376

12.3633 GBP

5p ordinary

CFD

Opening Short

211,181

12.4024 GBP

5p ordinary

CFD

Increasing Short

362,121

12.4025 GBP

5p ordinary

CFD

Increasing Short

199,467

12.4061 GBP

5p ordinary

CFD

Increasing Short

228,022

12.4062 GBP

5p ordinary

CFD

Increasing Short

625

12.4625 GBP

5p ordinary

CFD

Increasing Short

753,177

12.4662 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:

06 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213