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:

17 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:

10,939,650

1.82%

3,634,464

0.61%

(2)

Cash-settled derivatives:

and/or controlled:

249,759

0.04%

9,681,512

1.61%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

11,189,409

1.87%

13,315,976

2.22%

(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

806,246

12.9100 GBP

12.8800 GBP

5p ordinary

Sale

424,930

12.9100 GBP

12.8800 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

26,594

12.8991 GBP

5p ordinary

SWAP

Decreasing Short

700

12.8858 GBP

5p ordinary

SWAP

Decreasing Short

32,670

12.8900 GBP

5p ordinary

SWAP

Decreasing Short

796

12.8917 GBP

5p ordinary

SWAP

Decreasing Short

6,152

12.8924 GBP

5p ordinary

SWAP

Decreasing Short

184

12.8959 GBP

5p ordinary

SWAP

Decreasing Short

1,050

12.8971 GBP

5p ordinary

SWAP

Decreasing Short

241

12.8977 GBP

5p ordinary

SWAP

Decreasing Short

60

12.8989 GBP

5p ordinary

SWAP

Decreasing Short

194

12.8997 GBP

5p ordinary

SWAP

Decreasing Short

1,080

12.9000 GBP

5p ordinary

SWAP

Decreasing Short

2,762

12.9035 GBP

5p ordinary

SWAP

Decreasing Short

176

12.9036 GBP

5p ordinary

SWAP

Decreasing Short

5

12.9046 GBP

5p ordinary

SWAP

Decreasing Short

349

12.9074 GBP

5p ordinary

SWAP

Increasing Short

746

12.8800 GBP

5p ordinary

SWAP

Increasing Short

2,370

12.8837 GBP

5p ordinary

SWAP

Increasing Short

21,208

12.8865 GBP

5p ordinary

SWAP

Increasing Short

6,697

12.8900 GBP

5p ordinary

SWAP

Increasing Short

1,720

12.8936 GBP

5p ordinary

SWAP

Increasing Short

6,481

12.8940 GBP

5p ordinary

SWAP

Increasing Short

10,232

12.8945 GBP

5p ordinary

SWAP

Increasing Short

4,410

12.8949 GBP

5p ordinary

SWAP

Increasing Short

620

12.8957 GBP

5p ordinary

SWAP

Increasing Short

34,417

12.8962 GBP

5p ordinary

SWAP

Increasing Short

62,292

12.8963 GBP

5p ordinary

SWAP

Increasing Short

41,607

12.8987 GBP

5p ordinary

SWAP

Increasing Short

2,728

12.8991 GBP

5p ordinary

SWAP

Increasing Short

8,676

12.8992 GBP

5p ordinary

SWAP

Increasing Short

45,015

12.9000 GBP

5p ordinary

SWAP

Increasing Short

62,695

12.9002 GBP

5p ordinary

SWAP

Increasing Short

52,746

12.9006 GBP

5p ordinary

SWAP

Increasing Short

695

12.9008 GBP

5p ordinary

SWAP

Increasing Short

9,438

12.9012 GBP

5p ordinary

CFD

Decreasing Short

6,602

12.8892 GBP

5p ordinary

CFD

Decreasing Short

387

12.8965 GBP

5p ordinary

CFD

Decreasing Short

479

12.8991 GBP

5p ordinary

CFD

Decreasing Short

17,186

12.9000 GBP

5p ordinary

CFD

Increasing Short

14,890

12.8863 GBP

5p ordinary

CFD

Increasing Short

2,312

12.8961 GBP

5p ordinary

CFD

Increasing Short

17,186

12.9000 GBP

5p ordinary

CFD

Increasing Short

479

12.9008 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:

18 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213