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 Jul 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:

18,953,469

3.15%

2,835,391

0.47%

(2)

Cash-settled derivatives:

and/or controlled:

1,082,762

0.18%

17,868,357

2.97%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

20,036,231

3.33%

20,703,748

3.44%

(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

292,726

12.8889 GBP

12.8750 GBP

5p ordinary

Sale

230,585

12.8900 GBP

12.8750 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

119

12.8798 GBP

5p ordinary

SWAP

Decreasing Short

118

12.8803 GBP

5p ordinary

SWAP

Decreasing Short

33

12.8789 GBP

5p ordinary

SWAP

Decreasing Short

221

12.8798 GBP

5p ordinary

SWAP

Increasing Short

815

12.8782 GBP

5p ordinary

SWAP

Closing Short

5,540

12.8743 GBP

5p ordinary

SWAP

Opening Long

2

12.8743 GBP

5p ordinary

SWAP

Decreasing Long

34,600

12.8768 GBP

5p ordinary

SWAP

Decreasing Short

4,993

12.8750 GBP

5p ordinary

CFD

Decreasing Short

43

12.8790 GBP

5p ordinary

CFD

Decreasing Short

5,837

12.8829 GBP

5p ordinary

SWAP

Increasing Short

65,408

12.8809 GBP

5p ordinary

SWAP

Closing Long

116,886

12.8750 GBP

5p ordinary

SWAP

Closing Short

9,920

12.8759 GBP

5p ordinary

SWAP

Opening Long

116,886

12.8750 GBP

5p ordinary

SWAP

Decreasing Short

493

12.8800 GBP

5p ordinary

SWAP

Closing Long

2

12.8750 GBP

5p ordinary

SWAP

Increasing Short

58

12.8775 GBP

5p ordinary

CFD

Increasing Short

43

12.8760 GBP

5p ordinary

SWAP

Decreasing Short

65,408

12.8750 GBP

5p ordinary

SWAP

Decreasing Short

1,592

12.8750 GBP

5p ordinary

SWAP

Increasing Short

73

12.8775 GBP

5p ordinary

SWAP

Decreasing Short

5,241

12.8757 GBP

5p ordinary

SWAP

Increasing Short

5,104

12.8800 GBP

5p ordinary

SWAP

Decreasing Short

25,341

12.8760 GBP

5p ordinary

SWAP

Increasing Short

11,586

12.8784 GBP

5p ordinary

SWAP

Increasing Short

28,439

12.8754 GBP

5p ordinary

SWAP

Decreasing Short

21,961

12.8800 GBP

5p ordinary

SWAP

Decreasing Short

10,909

12.8800 GBP

5p ordinary

SWAP

Increasing Short

1,476

12.8845 GBP

5p ordinary

SWAP

Increasing Short

5,424

12.8776 GBP

5p ordinary

SWAP

Decreasing Short

1,553

12.8799 GBP

5p ordinary

SWAP

Increasing Short

58,398

12.8809 GBP

5p ordinary

SWAP

Decreasing Short

14,670

12.8750 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:

20 Jul 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213