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:

03 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:

7,224,529

1.21%

4,839,262

0.81%

(2)

Cash-settled derivatives:

and/or controlled:

388,434

0.06%

5,783,348

0.96%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

7,612,963

1.27%

10,622,610

1.77%

(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

493,265

11.6600 GBP

11.5900 GBP

5p ordinary

Sale

561,733

11.6600 GBP

11.5900 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

13,143

11.6178 GBP

5p ordinary

SWAP

Decreasing Short

56,673

11.6000 GBP

5p ordinary

SWAP

Decreasing Short

56,460

11.6010 GBP

5p ordinary

SWAP

Decreasing Short

10,936

11.6011 GBP

5p ordinary

SWAP

Decreasing Short

1,827

11.6016 GBP

5p ordinary

SWAP

Decreasing Short

90

11.6045 GBP

5p ordinary

SWAP

Decreasing Short

10,935

11.6081 GBP

5p ordinary

SWAP

Decreasing Short

4,856

11.6082 GBP

5p ordinary

SWAP

Decreasing Short

1

11.6083 GBP

5p ordinary

SWAP

Decreasing Short

296

11.6094 GBP

5p ordinary

SWAP

Decreasing Short

34,229

11.6137 GBP

5p ordinary

SWAP

Decreasing Short

43,489

11.6167 GBP

5p ordinary

SWAP

Decreasing Short

11,748

11.6176 GBP

5p ordinary

SWAP

Decreasing Short

445

11.6196 GBP

5p ordinary

SWAP

Decreasing Short

408,908

11.6200 GBP

5p ordinary

SWAP

Decreasing Short

5,490

11.6241 GBP

5p ordinary

SWAP

Decreasing Short

12,367

11.6266 GBP

5p ordinary

SWAP

Decreasing Short

488

11.6350 GBP

5p ordinary

SWAP

Increasing Short

98,712

11.6000 GBP

5p ordinary

SWAP

Increasing Short

21,020

11.6002 GBP

5p ordinary

SWAP

Increasing Short

81,222

11.6005 GBP

5p ordinary

SWAP

Increasing Short

54,267

11.6019 GBP

5p ordinary

SWAP

Increasing Short

9,400

11.6032 GBP

5p ordinary

SWAP

Increasing Short

55,756

11.6103 GBP

5p ordinary

SWAP

Increasing Short

2,000

11.6111 GBP

5p ordinary

SWAP

Increasing Short

4,503

11.6112 GBP

5p ordinary

SWAP

Increasing Short

4,470

11.6135 GBP

5p ordinary

SWAP

Increasing Short

408,906

11.6200 GBP

5p ordinary

SWAP

Increasing Short

1,915

11.6219 GBP

5p ordinary

SWAP

Increasing Short

9,800

11.6243 GBP

5p ordinary

SWAP

Increasing Short

2,464

11.6282 GBP

5p ordinary

SWAP

Increasing Short

4,587

11.6297 GBP

5p ordinary

CFD

Decreasing Short

16

11.6193 GBP

5p ordinary

CFD

Increasing Short

614

11.6179 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:

04 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213