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 Aug 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:

18,496,072

3.07%

3,109,641

0.52%

(2)

Cash-settled derivatives:

and/or controlled:

1,356,791

0.23%

17,167,258

2.85%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

19,852,863

3.30%

20,276,899

3.37%

(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

246,274

12.9796 GBP

12.9447 GBP

5p ordinary

Sale

651,223

12.9800 GBP

12.9450 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

64

12.9673 GBP

5p ordinary

SWAP

Decreasing Short

45

12.9639 GBP

5p ordinary

SWAP

Decreasing Short

31

12.9639 GBP

5p ordinary

SWAP

Decreasing Short

29

12.9639 GBP

5p ordinary

SWAP

Decreasing Short

2,214

12.9663 GBP

5p ordinary

SWAP

Increasing Long

66,236

12.9450 GBP

5p ordinary

SWAP

Decreasing Short

9,004

12.9506 GBP

5p ordinary

SWAP

Increasing Short

6,247

12.9673 GBP

5p ordinary

SWAP

Decreasing Short

38,965

12.9789 GBP

5p ordinary

SWAP

Opening Short

8,595

12.9457 GBP

5p ordinary

SWAP

Increasing Short

6,992

12.9650 GBP

5p ordinary

SWAP

Increasing Short

14,250

12.9544 GBP

5p ordinary

SWAP

Closing Short

368,936

12.9450 GBP

5p ordinary

SWAP

Decreasing Short

6,066

12.9615 GBP

5p ordinary

SWAP

Increasing Short

6,875

12.9651 GBP

5p ordinary

SWAP

Decreasing Short

14,507

12.9596 GBP

5p ordinary

SWAP

Increasing Short

14,250

12.9659 GBP

5p ordinary

SWAP

Decreasing Short

434

12.9471 GBP

5p ordinary

SWAP

Decreasing Short

2,814

12.9532 GBP

5p ordinary

SWAP

Increasing Short

1,002

12.9546 GBP

5p ordinary

SWAP

Increasing Short

43,120

12.9459 GBP

5p ordinary

SWAP

Increasing Short

39,231

12.9450 GBP

5p ordinary

SWAP

Increasing Short

36,258

12.9650 GBP

5p ordinary

SWAP

Decreasing Short

78

12.9675 GBP

5p ordinary

SWAP

Decreasing Short

6,073

12.9500 GBP

5p ordinary

SWAP

Increasing Short

394

12.9545 GBP

5p ordinary

SWAP

Decreasing Short

15,500

12.9487 GBP

5p ordinary

SWAP

Decreasing Short

1,017

12.9652 GBP

5p ordinary

SWAP

Decreasing Short

1,180

12.9650 GBP

5p ordinary

SWAP

Decreasing Short

474

12.9600 GBP

5p ordinary

SWAP

Increasing Short

4,940

12.9628 GBP

5p ordinary

SWAP

Decreasing Short

53,389

12.9618 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 Aug 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213