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:

04 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:

7,117,177

1.19%

5,229,319

0.87%

(2)

Cash-settled derivatives:

and/or controlled:

813,356

0.14%

5,726,366

0.96%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

7,930,533

1.32%

10,955,685

1.83%

(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

2,761,125

12.6588 GBP

12.4000 GBP

5p ordinary

Sale

3,258,534

12.6500 GBP

12.3990 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

3,941

12.5602 GBP

5p ordinary

SWAP

Increasing Short

13,755

12.5603 GBP

5p ordinary

SWAP

Decreasing Short

408,906

11.6200 GBP

5p ordinary

SWAP

Decreasing Short

77

12.3990 GBP

5p ordinary

SWAP

Decreasing Short

223,655

12.4000 GBP

5p ordinary

SWAP

Decreasing Short

56,297

12.4776 GBP

5p ordinary

SWAP

Decreasing Short

718

12.4814 GBP

5p ordinary

SWAP

Decreasing Short

1,907

12.4950 GBP

5p ordinary

SWAP

Decreasing Short

27

12.5062 GBP

5p ordinary

SWAP

Decreasing Short

11,352

12.5064 GBP

5p ordinary

SWAP

Decreasing Short

55,241

12.5096 GBP

5p ordinary

SWAP

Decreasing Short

313

12.5110 GBP

5p ordinary

SWAP

Decreasing Short

81,834

12.5292 GBP

5p ordinary

SWAP

Decreasing Short

55,714

12.5436 GBP

5p ordinary

SWAP

Decreasing Short

49,170

12.5442 GBP

5p ordinary

SWAP

Decreasing Short

226,204

12.5622 GBP

5p ordinary

SWAP

Decreasing Short

724,307

12.5654 GBP

5p ordinary

SWAP

Decreasing Short

425

12.5670 GBP

5p ordinary

SWAP

Decreasing Short

1,312

12.5687 GBP

5p ordinary

SWAP

Decreasing Short

3,135

12.5861 GBP

5p ordinary

SWAP

Decreasing Short

50,000

12.5924 GBP

5p ordinary

SWAP

Decreasing Short

136,569

12.5936 GBP

5p ordinary

SWAP

Decreasing Short

1,700

12.5991 GBP

5p ordinary

SWAP

Decreasing Short

169

12.6004 GBP

5p ordinary

SWAP

Decreasing Short

22,800

12.6060 GBP

5p ordinary

SWAP

Decreasing Short

152

12.6152 GBP

5p ordinary

SWAP

Decreasing Short

77,498

12.6207 GBP

5p ordinary

SWAP

Decreasing Short

15,930

12.6249 GBP

5p ordinary

SWAP

Decreasing Short

5,648

12.6274 GBP

5p ordinary

SWAP

Decreasing Short

2,537

12.6300 GBP

5p ordinary

SWAP

Decreasing Short

52

12.6398 GBP

5p ordinary

SWAP

Increasing Short

408,906

11.6200 GBP

5p ordinary

SWAP

Increasing Short

354,523

12.4000 GBP

5p ordinary

SWAP

Increasing Short

10,109

12.4002 GBP

5p ordinary

SWAP

Increasing Short

11,250

12.4062 GBP

5p ordinary

SWAP

Increasing Short

50,000

12.4086 GBP

5p ordinary

SWAP

Increasing Short

86,598

12.4103 GBP

5p ordinary

SWAP

Increasing Short

68,709

12.4484 GBP

5p ordinary

SWAP

Increasing Short

937

12.4540 GBP

5p ordinary

SWAP

Increasing Short

35,600

12.4541 GBP

5p ordinary

SWAP

Increasing Short

41,375

12.4707 GBP

5p ordinary

SWAP

Increasing Short

50,000

12.4715 GBP

5p ordinary

SWAP

Increasing Short

622

12.4820 GBP

5p ordinary

SWAP

Increasing Short

62,657

12.4887 GBP

5p ordinary

SWAP

Increasing Short

70,000

12.4974 GBP

5p ordinary

SWAP

Increasing Short

17,405

12.5068 GBP

5p ordinary

SWAP

Increasing Short

50,000

12.5087 GBP

5p ordinary

SWAP

Increasing Short

50,000

12.5387 GBP

5p ordinary

SWAP

Increasing Short

50,000

12.5475 GBP

5p ordinary

SWAP

Increasing Short

5,331

12.5536 GBP

5p ordinary

SWAP

Increasing Short

1,912

12.5660 GBP

5p ordinary

SWAP

Increasing Short

539

12.5732 GBP

5p ordinary

SWAP

Increasing Short

23,800

12.5804 GBP

5p ordinary

SWAP

Increasing Short

4,453

12.5823 GBP

5p ordinary

SWAP

Increasing Short

1,098

12.5857 GBP

5p ordinary

SWAP

Increasing Short

580

12.5876 GBP

5p ordinary

SWAP

Increasing Short

1,611

12.5887 GBP

5p ordinary

SWAP

Increasing Short

8,334

12.5889 GBP

5p ordinary

SWAP

Increasing Short

1,364

12.5903 GBP

5p ordinary

SWAP

Increasing Short

16

12.5925 GBP

5p ordinary

SWAP

Increasing Short

9

12.5934 GBP

5p ordinary

SWAP

Increasing Short

165,524

12.5962 GBP

5p ordinary

SWAP

Increasing Short

119

12.5990 GBP

5p ordinary

SWAP

Increasing Short

822

12.6019 GBP

5p ordinary

SWAP

Increasing Short

22,501

12.6088 GBP

5p ordinary

SWAP

Increasing Short

233

12.6100 GBP

5p ordinary

SWAP

Increasing Short

50,000

12.6588 GBP

5p ordinary

CFD

Decreasing Short

11,724

12.5159 GBP

5p ordinary

CFD

Decreasing Short

35,929

12.5630 GBP

5p ordinary

CFD

Decreasing Short

1,965

12.6288 GBP

5p ordinary

CFD

Increasing Short

3,594

12.4000 GBP

5p ordinary

CFD

Increasing Short

51

12.5800 GBP

5p ordinary

CFD

Increasing Short

30,470

12.6032 GBP

5p ordinary

CFD

Increasing Short

22,615

12.6091 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:

05 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213