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:

18 Mar 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:

11,084,695

1.85%

3,632,410

0.61%

(2)

Cash-settled derivatives:

and/or controlled:

247,954

0.04%

10,073,327

1.68%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

11,332,649

1.89%

13,705,737

2.29%

(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

598,919

12.9202 GBP

12.8900 GBP

5p ordinary

Sale

451,820

12.9200 GBP

12.8900 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

25,895

12.9124 GBP

5p ordinary

SWAP

Decreasing Short

5,321

12.8900 GBP

5p ordinary

SWAP

Decreasing Short

5,776

12.8905 GBP

5p ordinary

SWAP

Decreasing Short

4,862

12.8950 GBP

5p ordinary

SWAP

Decreasing Short

2,628

12.8974 GBP

5p ordinary

SWAP

Decreasing Short

3,612

12.8987 GBP

5p ordinary

SWAP

Decreasing Short

30

12.8989 GBP

5p ordinary

SWAP

Decreasing Short

2,200

12.8990 GBP

5p ordinary

SWAP

Decreasing Short

875

12.8999 GBP

5p ordinary

SWAP

Decreasing Short

775

12.9000 GBP

5p ordinary

SWAP

Decreasing Short

110

12.9033 GBP

5p ordinary

SWAP

Decreasing Short

25,000

12.9035 GBP

5p ordinary

SWAP

Decreasing Short

590

12.9043 GBP

5p ordinary

SWAP

Decreasing Short

7,629

12.9095 GBP

5p ordinary

SWAP

Decreasing Short

11,462

12.9108 GBP

5p ordinary

SWAP

Decreasing Short

17,019

12.9171 GBP

5p ordinary

SWAP

Decreasing Short

19,586

12.9193 GBP

5p ordinary

SWAP

Decreasing Short

287

12.9198 GBP

5p ordinary

SWAP

Decreasing Short

722

12.9200 GBP

5p ordinary

SWAP

Increasing Short

11,120

12.8994 GBP

5p ordinary

SWAP

Increasing Short

28,924

12.9000 GBP

5p ordinary

SWAP

Increasing Short

946

12.9001 GBP

5p ordinary

SWAP

Increasing Short

8,844

12.9012 GBP

5p ordinary

SWAP

Increasing Short

115,061

12.9022 GBP

5p ordinary

SWAP

Increasing Short

44,609

12.9026 GBP

5p ordinary

SWAP

Increasing Short

45,349

12.9030 GBP

5p ordinary

SWAP

Increasing Short

2,554

12.9032 GBP

5p ordinary

SWAP

Increasing Short

17,302

12.9038 GBP

5p ordinary

SWAP

Increasing Short

504

12.9040 GBP

5p ordinary

SWAP

Increasing Short

487

12.9050 GBP

5p ordinary

SWAP

Increasing Short

3,049

12.9082 GBP

5p ordinary

SWAP

Increasing Short

4,259

12.9087 GBP

5p ordinary

SWAP

Increasing Short

72,750

12.9100 GBP

5p ordinary

SWAP

Increasing Short

19,011

12.9111 GBP

5p ordinary

SWAP

Increasing Short

24,974

12.9141 GBP

5p ordinary

SWAP

Increasing Short

16,088

12.9200 GBP

5p ordinary

SWAP

Increasing Short

45,172

12.9202 GBP

5p ordinary

CFD

Decreasing Short

550

12.8890 GBP

5p ordinary

CFD

Decreasing Short

114

12.8992 GBP

5p ordinary

CFD

Decreasing Short

14,476

12.8996 GBP

5p ordinary

CFD

Decreasing Short

17,186

12.9000 GBP

5p ordinary

CFD

Increasing Short

43,938

12.8964 GBP

5p ordinary

CFD

Increasing Short

3,044

12.9100 GBP

5p ordinary

CFD

Increasing Short

550

12.9209 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:

19 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213