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:

02 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:

7,321,619

1.22%

4,867,884

0.81%

(2)

Cash-settled derivatives:

and/or controlled:

416,030

0.07%

5,811,367

0.97%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

7,737,649

1.29%

10,679,251

1.78%

(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

1,184,278

11.7500 GBP

11.4796 GBP

5p ordinary

Sale

1,502,499

11.7500 GBP

11.4420 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

23,126

11.4419 GBP

5p ordinary

SWAP

Decreasing Short

68,981

11.5700 GBP

5p ordinary

SWAP

Increasing Short

9,705

11.6496 GBP

5p ordinary

SWAP

Decreasing Short

665

11.5707 GBP

5p ordinary

SWAP

Decreasing Short

8,600

11.5711 GBP

5p ordinary

SWAP

Decreasing Short

685

11.5825 GBP

5p ordinary

SWAP

Decreasing Short

50,000

11.5966 GBP

5p ordinary

SWAP

Decreasing Short

50,000

11.6010 GBP

5p ordinary

SWAP

Decreasing Short

1,346

11.6119 GBP

5p ordinary

SWAP

Decreasing Short

2,452

11.6194 GBP

5p ordinary

SWAP

Decreasing Short

1,848

11.6279 GBP

5p ordinary

SWAP

Decreasing Short

17,923

11.6326 GBP

5p ordinary

SWAP

Decreasing Short

167,218

11.6356 GBP

5p ordinary

SWAP

Decreasing Short

431

11.6376 GBP

5p ordinary

SWAP

Decreasing Short

2,813

11.6426 GBP

5p ordinary

SWAP

Decreasing Short

3,585

11.6468 GBP

5p ordinary

SWAP

Decreasing Short

4,623

11.6488 GBP

5p ordinary

SWAP

Decreasing Short

58,678

11.6498 GBP

5p ordinary

SWAP

Decreasing Short

15,195

11.6517 GBP

5p ordinary

SWAP

Decreasing Short

4,610

11.6523 GBP

5p ordinary

SWAP

Decreasing Short

3,539

11.6540 GBP

5p ordinary

SWAP

Decreasing Short

1,720

11.6552 GBP

5p ordinary

SWAP

Decreasing Short

154

11.6588 GBP

5p ordinary

SWAP

Decreasing Short

17,215

11.6638 GBP

5p ordinary

SWAP

Decreasing Short

12,680

11.6639 GBP

5p ordinary

SWAP

Decreasing Short

256

11.6663 GBP

5p ordinary

SWAP

Decreasing Short

962

11.6710 GBP

5p ordinary

SWAP

Decreasing Short

23,296

11.6729 GBP

5p ordinary

SWAP

Decreasing Short

11,444

11.6794 GBP

5p ordinary

SWAP

Decreasing Short

962

11.6797 GBP

5p ordinary

SWAP

Decreasing Short

148,426

11.6800 GBP

5p ordinary

SWAP

Decreasing Short

3,606

11.6889 GBP

5p ordinary

SWAP

Decreasing Short

416

11.7100 GBP

5p ordinary

SWAP

Increasing Short

138

11.4300 GBP

5p ordinary

SWAP

Increasing Short

33

11.5200 GBP

5p ordinary

SWAP

Increasing Short

1

11.5209 GBP

5p ordinary

SWAP

Increasing Short

2

11.5309 GBP

5p ordinary

SWAP

Increasing Short

20,247

11.5423 GBP

5p ordinary

SWAP

Increasing Short

10,905

11.5580 GBP

5p ordinary

SWAP

Increasing Short

751

11.5800 GBP

5p ordinary

SWAP

Increasing Short

611

11.5905 GBP

5p ordinary

SWAP

Increasing Short

532

11.6079 GBP

5p ordinary

SWAP

Increasing Short

1,991

11.6119 GBP

5p ordinary

SWAP

Increasing Short

4,812

11.6229 GBP

5p ordinary

SWAP

Increasing Short

23,153

11.6586 GBP

5p ordinary

SWAP

Increasing Short

7,000

11.6597 GBP

5p ordinary

SWAP

Increasing Short

51,084

11.6704 GBP

5p ordinary

SWAP

Increasing Short

1,860

11.6716 GBP

5p ordinary

SWAP

Increasing Short

2,744

11.6773 GBP

5p ordinary

SWAP

Increasing Short

38,773

11.6774 GBP

5p ordinary

SWAP

Increasing Short

1,148

11.6778 GBP

5p ordinary

SWAP

Increasing Short

50,210

11.6800 GBP

5p ordinary

SWAP

Increasing Short

78,981

11.6958 GBP

5p ordinary

CFD

Decreasing Short

503

11.6293 GBP

5p ordinary

CFD

Decreasing Short

27,799

11.6624 GBP

5p ordinary

CFD

Increasing Short

18,567

11.6460 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:

03 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213