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 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:

13,474,253

2.24%

4,612,139

0.77%

(2)

Cash-settled derivatives:

and/or controlled:

181,951

0.03%

11,873,952

1.98%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

13,656,204

2.27%

16,486,091

2.75%

(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

1,679,554

12.9200 GBP

12.2500 GBP

5p ordinary

Sale

2,811,813

12.9200 GBP

12.2021 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

5,625

12.2021 GBP

5p ordinary

SWAP

Decreasing Short

18,750

12.2276 GBP

5p ordinary

SWAP

Decreasing Short

5,625

12.2657 GBP

5p ordinary

SWAP

Decreasing Short

5,625

12.2824 GBP

5p ordinary

SWAP

Decreasing Short

18,750

12.2948 GBP

5p ordinary

SWAP

Decreasing Short

635

12.3408 GBP

5p ordinary

SWAP

Decreasing Short

11,250

12.3675 GBP

5p ordinary

SWAP

Decreasing Short

625

12.3685 GBP

5p ordinary

SWAP

Decreasing Short

11,250

12.3784 GBP

5p ordinary

SWAP

Decreasing Short

298

12.3800 GBP

5p ordinary

SWAP

Decreasing Short

5,625

12.4063 GBP

5p ordinary

SWAP

Decreasing Short

5,625

12.4213 GBP

5p ordinary

SWAP

Decreasing Short

1

12.4400 GBP

5p ordinary

SWAP

Decreasing Short

7,514

12.4737 GBP

5p ordinary

SWAP

Decreasing Short

11,250

12.4974 GBP

5p ordinary

SWAP

Decreasing Short

10,253

12.5902 GBP

5p ordinary

SWAP

Decreasing Short

42,578

12.6767 GBP

5p ordinary

SWAP

Decreasing Short

24

12.7116 GBP

5p ordinary

SWAP

Decreasing Short

17,190

12.7162 GBP

5p ordinary

SWAP

Decreasing Short

7,512

12.7178 GBP

5p ordinary

SWAP

Decreasing Short

57,986

12.7339 GBP

5p ordinary

SWAP

Decreasing Short

538,268

12.7614 GBP

5p ordinary

SWAP

Decreasing Short

267,133

12.8044 GBP

5p ordinary

SWAP

Decreasing Short

60,404

12.8456 GBP

5p ordinary

SWAP

Decreasing Short

42,131

12.8816 GBP

5p ordinary

SWAP

Decreasing Short

56,873

12.8898 GBP

5p ordinary

SWAP

Decreasing Short

35,291

12.8993 GBP

5p ordinary

SWAP

Decreasing Short

500,000

12.9009 GBP

5p ordinary

SWAP

Decreasing Short

14,628

12.9074 GBP

5p ordinary

SWAP

Decreasing Short

28,755

12.9078 GBP

5p ordinary

SWAP

Decreasing Short

56,500

12.9082 GBP

5p ordinary

SWAP

Decreasing Short

195

12.9083 GBP

5p ordinary

SWAP

Decreasing Short

2,851

12.9088 GBP

5p ordinary

SWAP

Decreasing Short

10,345

12.9090 GBP

5p ordinary

SWAP

Decreasing Short

36,991

12.9100 GBP

5p ordinary

SWAP

Decreasing Short

47,967

12.9124 GBP

5p ordinary

SWAP

Increasing Short

2,615

12.2300 GBP

5p ordinary

SWAP

Increasing Short

598

12.3300 GBP

5p ordinary

SWAP

Increasing Short

300

12.3612 GBP

5p ordinary

SWAP

Increasing Short

4,135

12.3805 GBP

5p ordinary

SWAP

Increasing Short

60,000

12.3895 GBP

5p ordinary

SWAP

Increasing Short

9,168

12.4014 GBP

5p ordinary

SWAP

Increasing Short

50,000

12.4024 GBP

5p ordinary

SWAP

Increasing Short

6,580

12.4099 GBP

5p ordinary

SWAP

Increasing Short

304

12.4100 GBP

5p ordinary

SWAP

Increasing Short

5,625

12.4224 GBP

5p ordinary

SWAP

Increasing Short

2,333

12.4740 GBP

5p ordinary

SWAP

Increasing Short

3,596

12.4854 GBP

5p ordinary

SWAP

Increasing Short

6,564

12.5636 GBP

5p ordinary

SWAP

Increasing Short

60,010

12.5675 GBP

5p ordinary

SWAP

Increasing Short

10,179

12.5891 GBP

5p ordinary

SWAP

Increasing Short

3,662

12.6232 GBP

5p ordinary

SWAP

Increasing Short

139,624

12.6946 GBP

5p ordinary

SWAP

Increasing Short

67,913

12.6991 GBP

5p ordinary

SWAP

Increasing Short

1,931

12.7322 GBP

5p ordinary

SWAP

Increasing Short

57,245

12.8247 GBP

5p ordinary

SWAP

Increasing Short

1,042

12.8866 GBP

5p ordinary

SWAP

Increasing Short

104,998

12.9075 GBP

5p ordinary

SWAP

Increasing Short

21,079

12.9100 GBP

5p ordinary

CFD

Decreasing Short

47,750

12.8880 GBP

5p ordinary

CFD

Decreasing Short

1,166

12.9090 GBP

5p ordinary

CFD

Increasing Short

100,000

12.2861 GBP

5p ordinary

CFD

Increasing Short

5,760

12.5091 GBP

5p ordinary

CFD

Increasing Short

44,176

12.7398 GBP

5p ordinary

CFD

Increasing Short

38,951

12.8945 GBP

5p ordinary

CFD

Increasing Short

48,173

12.9038 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 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213