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:

31 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:

16,723,243

2.79%

3,786,817

0.63%

(2)

Cash-settled derivatives:

and/or controlled:

385,912

0.06%

15,857,084

2.65%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,109,155

2.85%

19,643,901

3.28%

(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

943,771

12.6800 GBP

12.6600 GBP

5p ordinary

Sale

246,644

12.6800 GBP

12.6600 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

3,270

12.6643 GBP

5p ordinary

SWAP

Decreasing Short

6,508

12.6600 GBP

5p ordinary

SWAP

Decreasing Short

15,283

12.6614 GBP

5p ordinary

SWAP

Decreasing Short

25

12.6684 GBP

5p ordinary

SWAP

Decreasing Short

2,300

12.6691 GBP

5p ordinary

SWAP

Decreasing Short

6,538

12.6700 GBP

5p ordinary

SWAP

Decreasing Short

1,400

12.6714 GBP

5p ordinary

SWAP

Decreasing Short

422

12.6727 GBP

5p ordinary

SWAP

Decreasing Short

76

12.6745 GBP

5p ordinary

SWAP

Decreasing Short

48,572

12.6754 GBP

5p ordinary

SWAP

Increasing Short

190,803

12.6600 GBP

5p ordinary

SWAP

Increasing Short

765

12.6625 GBP

5p ordinary

SWAP

Increasing Short

26,800

12.6648 GBP

5p ordinary

SWAP

Increasing Short

196,229

12.6654 GBP

5p ordinary

SWAP

Increasing Short

672

12.6700 GBP

5p ordinary

SWAP

Increasing Short

9,411

12.6726 GBP

5p ordinary

SWAP

Increasing Short

11,719

12.6734 GBP

5p ordinary

SWAP

Increasing Short

15,051

12.6741 GBP

5p ordinary

SWAP

Increasing Short

13,915

12.6750 GBP

5p ordinary

SWAP

Increasing Short

127,682

12.6760 GBP

5p ordinary

SWAP

Increasing Short

46,987

12.6765 GBP

5p ordinary

SWAP

Increasing Short

10,722

12.6780 GBP

5p ordinary

SWAP

Increasing Short

7,247

12.6792 GBP

5p ordinary

CFD

Decreasing Short

195

12.6591 GBP

5p ordinary

CFD

Decreasing Short

9,131

12.6600 GBP

5p ordinary

CFD

Decreasing Short

13,706

12.6692 GBP

5p ordinary

CFD

Increasing Short

195

12.6708 GBP

5p ordinary

CFD

Increasing Short

4,807

12.6807 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:

01 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213