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:

12 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:

9,404,893

1.57%

4,992,591

0.83%

(2)

Cash-settled derivatives:

and/or controlled:

575,709

0.10%

7,960,790

1.33%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

9,980,602

1.66%

12,953,381

2.16%

(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

959,070

12.4700 GBP

12.3160 GBP

5p ordinary

Sale

885,196

12.4700 GBP

12.3200 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

12,159

12.3776 GBP

5p ordinary

SWAP

Decreasing Short

13,041

12.3777 GBP

5p ordinary

SWAP

Increasing Short

24,318

12.3776 GBP

5p ordinary

SWAP

Increasing Short

26,082

12.3777 GBP

5p ordinary

SWAP

Decreasing Short

2

12.3000 GBP

5p ordinary

SWAP

Decreasing Short

394

12.3188 GBP

5p ordinary

SWAP

Decreasing Short

60

12.3220 GBP

5p ordinary

SWAP

Decreasing Short

14,641

12.3477 GBP

5p ordinary

SWAP

Decreasing Short

40,654

12.3481 GBP

5p ordinary

SWAP

Decreasing Short

2,012

12.3492 GBP

5p ordinary

SWAP

Decreasing Short

3,569

12.3568 GBP

5p ordinary

SWAP

Decreasing Short

5,787

12.3700 GBP

5p ordinary

SWAP

Decreasing Short

771

12.3725 GBP

5p ordinary

SWAP

Decreasing Short

6,335

12.3737 GBP

5p ordinary

SWAP

Decreasing Short

10

12.3740 GBP

5p ordinary

SWAP

Decreasing Short

1,233

12.3750 GBP

5p ordinary

SWAP

Decreasing Short

18,175

12.3799 GBP

5p ordinary

SWAP

Decreasing Short

23,500

12.3817 GBP

5p ordinary

SWAP

Decreasing Short

5,311

12.3845 GBP

5p ordinary

SWAP

Decreasing Short

47,301

12.3904 GBP

5p ordinary

SWAP

Decreasing Short

1,515

12.4019 GBP

5p ordinary

SWAP

Decreasing Short

14,765

12.4107 GBP

5p ordinary

SWAP

Decreasing Short

5,089

12.4355 GBP

5p ordinary

SWAP

Increasing Short

4,665

12.3160 GBP

5p ordinary

SWAP

Increasing Short

2,489

12.3363 GBP

5p ordinary

SWAP

Increasing Short

89,975

12.3401 GBP

5p ordinary

SWAP

Increasing Short

4,013

12.3532 GBP

5p ordinary

SWAP

Increasing Short

5

12.3589 GBP

5p ordinary

SWAP

Increasing Short

380

12.3600 GBP

5p ordinary

SWAP

Increasing Short

1,000

12.3612 GBP

5p ordinary

SWAP

Increasing Short

19,594

12.3652 GBP

5p ordinary

SWAP

Increasing Short

1,900

12.3664 GBP

5p ordinary

SWAP

Increasing Short

61,046

12.3700 GBP

5p ordinary

SWAP

Increasing Short

847

12.3718 GBP

5p ordinary

SWAP

Increasing Short

16,821

12.3741 GBP

5p ordinary

SWAP

Increasing Short

4,800

12.3770 GBP

5p ordinary

SWAP

Increasing Short

5,625

12.4324 GBP

5p ordinary

CFD

Decreasing Short

1,248

12.3508 GBP

5p ordinary

CFD

Decreasing Short

8,965

12.4199 GBP

5p ordinary

CFD

Increasing Short

16,170

12.3814 GBP

5p ordinary

CFD

Increasing Short

20,303

12.4022 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:

13 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213