Form 8.5 EPT/Non RI BEAZLEY PLC Replacement

FORM 8.5 (EPT/NON-RI)

Amendment - this form replaces RNS number 9854P Published at 11:04 on 22/01/2026, changes made to section 2A,3A

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:

21 Jan 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:

7,194,165

1.20%

4,934,982

0.82%

(2)

Cash-settled derivatives:

and/or controlled:

481,078

0.08%

5,611,256

0.94%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

7,675,243

1.28%

10,546,238

1.76%

(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

1,820,188

11.6164 GBP

11.2300 GBP

5p ordinary

Sale

1,294,768

11.6000 GBP

11.2300 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

Increasing Short

6,018

11.3888 GBP

5p ordinary

SWAP

Decreasing Short

135,025

11.2300 GBP

5p ordinary

SWAP

Decreasing Short

1,191

11.2365 GBP

5p ordinary

SWAP

Decreasing Short

270

11.2438 GBP

5p ordinary

SWAP

Decreasing Short

89

11.2525 GBP

5p ordinary

SWAP

Decreasing Short

258,910

11.2600 GBP

5p ordinary

SWAP

Decreasing Short

252

11.3300 GBP

5p ordinary

SWAP

Decreasing Short

51,687

11.3630 GBP

5p ordinary

SWAP

Decreasing Short

2,366

11.3927 GBP

5p ordinary

SWAP

Decreasing Short

29,654

11.3940 GBP

5p ordinary

SWAP

Decreasing Short

4,000

11.4051 GBP

5p ordinary

SWAP

Decreasing Short

179

11.4304 GBP

5p ordinary

SWAP

Decreasing Short

477

11.4350 GBP

5p ordinary

SWAP

Decreasing Short

235,132

11.4381 GBP

5p ordinary

SWAP

Decreasing Short

45,000

11.4420 GBP

5p ordinary

SWAP

Decreasing Short

108

11.4530 GBP

5p ordinary

SWAP

Decreasing Short

26,794

11.4586 GBP

5p ordinary

SWAP

Decreasing Short

34,757

11.4639 GBP

5p ordinary

SWAP

Decreasing Short

3,114

11.4752 GBP

5p ordinary

SWAP

Decreasing Short

1,834

11.4754 GBP

5p ordinary

SWAP

Decreasing Short

25,510

11.4809 GBP

5p ordinary

SWAP

Decreasing Short

10,626

11.5042 GBP

5p ordinary

SWAP

Decreasing Short

12,770

11.5161 GBP

5p ordinary

SWAP

Decreasing Short

6

11.5300 GBP

5p ordinary

SWAP

Increasing Short

220,894

11.2300 GBP

5p ordinary

SWAP

Increasing Short

23,747

11.2302 GBP

5p ordinary

SWAP

Increasing Short

2,538

11.2307 GBP

5p ordinary

SWAP

Increasing Short

7,085

11.2308 GBP

5p ordinary

SWAP

Increasing Short

10,000

11.2311 GBP

5p ordinary

SWAP

Increasing Short

151,456

11.2328 GBP

5p ordinary

SWAP

Increasing Short

81,454

11.2541 GBP

5p ordinary

SWAP

Increasing Short

277,010

11.2600 GBP

5p ordinary

SWAP

Increasing Short

16,802

11.2707 GBP

5p ordinary

SWAP

Increasing Short

42,000

11.2870 GBP

5p ordinary

SWAP

Increasing Short

18,000

11.2902 GBP

5p ordinary

SWAP

Increasing Short

3

11.2975 GBP

5p ordinary

SWAP

Increasing Short

8,800

11.3445 GBP

5p ordinary

SWAP

Increasing Short

5,012

11.3518 GBP

5p ordinary

SWAP

Increasing Short

1,406

11.3522 GBP

5p ordinary

SWAP

Increasing Short

19,988

11.3558 GBP

5p ordinary

SWAP

Increasing Short

16,875

11.3634 GBP

5p ordinary

SWAP

Increasing Short

1,335

11.3789 GBP

5p ordinary

SWAP

Increasing Short

110,818

11.3821 GBP

5p ordinary

SWAP

Increasing Short

3,628

11.3839 GBP

5p ordinary

SWAP

Increasing Short

92,198

11.3844 GBP

5p ordinary

SWAP

Increasing Short

36,393

11.3850 GBP

5p ordinary

SWAP

Increasing Short

1,484

11.4000 GBP

5p ordinary

SWAP

Increasing Short

1,560

11.4010 GBP

5p ordinary

SWAP

Increasing Short

1,205

11.4132 GBP

5p ordinary

SWAP

Increasing Short

1,076

11.4133 GBP

5p ordinary

SWAP

Increasing Short

26,162

11.4168 GBP

5p ordinary

SWAP

Increasing Short

671

11.4186 GBP

5p ordinary

SWAP

Increasing Short

7,082

11.4206 GBP

5p ordinary

SWAP

Increasing Short

6,735

11.4215 GBP

5p ordinary

SWAP

Increasing Short

15,890

11.4245 GBP

5p ordinary

SWAP

Increasing Short

231

11.4277 GBP

5p ordinary

SWAP

Increasing Short

260

11.4280 GBP

5p ordinary

SWAP

Increasing Short

98

11.4300 GBP

5p ordinary

SWAP

Increasing Short

3,107

11.4306 GBP

5p ordinary

SWAP

Increasing Short

3,438

11.4316 GBP

5p ordinary

SWAP

Increasing Short

16,499

11.4325 GBP

5p ordinary

SWAP

Increasing Short

3,640

11.4343 GBP

5p ordinary

SWAP

Increasing Short

3,513

11.4390 GBP

5p ordinary

SWAP

Increasing Short

862

11.4465 USD

5p ordinary

SWAP

Increasing Short

1,068

11.4567 GBP

5p ordinary

SWAP

Increasing Short

3,430

11.4606 GBP

5p ordinary

SWAP

Increasing Short

1,522

11.4727 GBP

5p ordinary

SWAP

Increasing Short

10

11.4733 GBP

5p ordinary

SWAP

Increasing Short

2,333

11.4747 GBP

5p ordinary

SWAP

Increasing Short

11

11.4809 GBP

5p ordinary

SWAP

Increasing Short

1,050

11.4814 GBP

5p ordinary

SWAP

Increasing Short

1,238

11.4823 GBP

5p ordinary

SWAP

Increasing Short

196

11.4860 GBP

5p ordinary

SWAP

Increasing Short

175

11.4864 GBP

5p ordinary

SWAP

Increasing Short

26

11.4866 GBP

5p ordinary

SWAP

Increasing Short

2

11.4877 GBP

5p ordinary

SWAP

Increasing Short

7

11.4878 GBP

5p ordinary

SWAP

Increasing Short

7,591

11.4906 GBP

5p ordinary

SWAP

Increasing Short

257

11.4923 GBP

5p ordinary

SWAP

Increasing Short

231

11.4929 GBP

5p ordinary

SWAP

Increasing Short

2,764

11.4986 GBP

5p ordinary

SWAP

Increasing Short

1,639

11.5055 GBP

5p ordinary

SWAP

Increasing Short

2,216

11.5072 GBP

5p ordinary

SWAP

Increasing Short

248

11.5093 GBP

5p ordinary

SWAP

Increasing Short

1,715

11.5106 GBP

5p ordinary

SWAP

Increasing Short

3,804

11.5107 GBP

5p ordinary

SWAP

Increasing Short

11

11.5131 GBP

5p ordinary

SWAP

Increasing Short

12

11.5133 GBP

5p ordinary

SWAP

Increasing Short

2,218

11.5161 GBP

5p ordinary

SWAP

Increasing Short

49,115

11.5175 GBP

5p ordinary

SWAP

Increasing Short

1,797

11.5206 GBP

5p ordinary

SWAP

Increasing Short

206

11.5209 GBP

5p ordinary

SWAP

Increasing Short

4,219

11.5224 GBP

5p ordinary

SWAP

Increasing Short

838

11.5233 GBP

5p ordinary

SWAP

Increasing Short

84

11.5249 GBP

5p ordinary

SWAP

Increasing Short

95

11.5252 GBP

5p ordinary

SWAP

Increasing Short

3,905

11.5256 GBP

5p ordinary

SWAP

Increasing Short

8,097

11.5260 GBP

5p ordinary

SWAP

Increasing Short

693

11.5292 GBP

5p ordinary

SWAP

Increasing Short

1

11.5300 GBP

5p ordinary

SWAP

Increasing Short

2,263

11.5306 GBP

5p ordinary

SWAP

Increasing Short

5,792

11.5333 GBP

5p ordinary

SWAP

Increasing Short

532

11.5400 GBP

5p ordinary

SWAP

Increasing Short

791

11.5406 GBP

5p ordinary

SWAP

Increasing Short

704

11.5407 GBP

5p ordinary

SWAP

Increasing Short

1,309

11.5418 GBP

5p ordinary

SWAP

Increasing Short

13

11.5491 GBP

5p ordinary

SWAP

Increasing Short

5,020

11.5502 GBP

5p ordinary

SWAP

Increasing Short

5,337

11.5506 GBP

5p ordinary

SWAP

Increasing Short

3,093

11.5529 GBP

5p ordinary

SWAP

Increasing Short

5,625

11.5997 GBP

5p ordinary

SWAP

Increasing Short

8,438

11.6067 GBP

5p ordinary

SWAP

Increasing Short

5,625

11.6164 GBP

5p ordinary

CFD

Decreasing Short

2,824

11.2925 GBP

5p ordinary

CFD

Decreasing Short

13,134

11.4279 GBP

5p ordinary

CFD

Increasing Short

3,703

11.2300 GBP

5p ordinary

CFD

Increasing Short

25,851

11.2638 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:

30 Jan 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213