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:

04 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:

9,055,918

1.51%

4,622,575

0.77%

(2)

Cash-settled derivatives:

and/or controlled:

181,457

0.03%

7,536,069

1.26%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

9,237,375

1.54%

12,158,644

2.03%

(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

4,042,427

12.9200 GBP

12.8887 GBP

5p ordinary

Sale

4,979,356

12.9103 GBP

12.8889 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

12,042

12.8889 GBP

5p ordinary

SWAP

Decreasing Short

40,800

12.8890 GBP

5p ordinary

SWAP

Decreasing Short

1,164,785

12.8900 GBP

5p ordinary

SWAP

Decreasing Short

14,790

12.8904 GBP

5p ordinary

SWAP

Decreasing Short

298,161

12.8913 GBP

5p ordinary

SWAP

Decreasing Short

1,014

12.8916 GBP

5p ordinary

SWAP

Decreasing Short

258,582

12.8922 GBP

5p ordinary

SWAP

Decreasing Short

564,967

12.8939 GBP

5p ordinary

SWAP

Decreasing Short

26,645

12.8950 GBP

5p ordinary

SWAP

Decreasing Short

67,373

12.8970 GBP

5p ordinary

SWAP

Decreasing Short

663,517

12.8980 GBP

5p ordinary

SWAP

Decreasing Short

313,045

12.8983 GBP

5p ordinary

SWAP

Decreasing Short

97,055

12.8985 GBP

5p ordinary

SWAP

Decreasing Short

4,682

12.8988 GBP

5p ordinary

SWAP

Decreasing Short

100

12.8998 GBP

5p ordinary

SWAP

Decreasing Short

6,362

12.9000 GBP

5p ordinary

SWAP

Decreasing Short

63,805

12.9015 GBP

5p ordinary

SWAP

Decreasing Short

15,089

12.9023 GBP

5p ordinary

SWAP

Decreasing Short

1,245

12.9030 GBP

5p ordinary

SWAP

Increasing Short

1,614,961

12.8900 GBP

5p ordinary

SWAP

Increasing Short

59,739

12.8906 GBP

5p ordinary

SWAP

Increasing Short

100,000

12.8910 GBP

5p ordinary

SWAP

Increasing Short

270,000

12.8919 GBP

5p ordinary

SWAP

Increasing Short

85,567

12.8923 GBP

5p ordinary

SWAP

Increasing Short

11,250

12.8925 GBP

5p ordinary

SWAP

Increasing Short

11,250

12.8926 GBP

5p ordinary

SWAP

Increasing Short

16,382

12.8933 GBP

5p ordinary

SWAP

Increasing Short

180,000

12.8964 GBP

5p ordinary

SWAP

Increasing Short

1,201

12.9000 GBP

5p ordinary

SWAP

Increasing Short

249,006

12.9010 GBP

5p ordinary

SWAP

Increasing Short

19,768

12.9020 GBP

5p ordinary

SWAP

Increasing Short

54,418

12.9022 GBP

5p ordinary

SWAP

Increasing Short

1,166

12.9050 GBP

5p ordinary

SWAP

Increasing Short

7,645

12.9066 GBP

5p ordinary

CFD

Decreasing Short

52,232

12.8896 GBP

5p ordinary

CFD

Decreasing Short

39,716

12.8897 GBP

5p ordinary

CFD

Decreasing Short

4,163

12.8947 GBP

5p ordinary

CFD

Decreasing Short

11,452

12.8992 GBP

5p ordinary

CFD

Increasing Short

88,710

12.8925 GBP

5p ordinary

CFD

Increasing Short

7,158

12.9045 GBP

5p ordinary

CFD

Increasing Short

36,331

12.9142 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:

05 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213