Form 8.5 EPT/Non RI BEAZLEY PLC Replacement

FORM 8.5 (EPT/NON-RI) this form replaces RNS number 6101P published at 10:47 on 20/01/2026, changes made to section 2A,3A and 3B (Class of relevant security)

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:

19 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:

6,719,385

1.12%

5,330,822

0.89%

(2)

Cash-settled derivatives:

and/or controlled:

874,619

0.15%

4,996,873

0.83%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

7,594,004

1.27%

10,327,695

1.72%

(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

2,659,651

11.9000 GBP

8.1800 GBP

5p ordinary

Sale

4,015,956

11.9211 GBP

8.1800 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

Opening Long

1,640

8.1924 GBP

5p ordinary

SWAP

Increasing Long

359

8.2100 GBP

5p ordinary

SWAP

Increasing Long

1,552

8.2295 GBP

5p ordinary

SWAP

Increasing Long

15

8.2317 GBP

5p ordinary

SWAP

Increasing Long

953

8.2368 GBP

5p ordinary

SWAP

Increasing Long

200

8.2399 GBP

5p ordinary

SWAP

Increasing Long

9,411

8.2553 GBP

5p ordinary

SWAP

Increasing Long

9,154

10.9616 GBP

5p ordinary

SWAP

Increasing Long

1,212

11.0511 GBP

5p ordinary

SWAP

Increasing Long

5,765

11.2884 GBP

5p ordinary

SWAP

Increasing Long

23,318

11.3833 GBP

5p ordinary

SWAP

Increasing Long

100,000

11.3943 GBP

5p ordinary

SWAP

Increasing Long

68,692

11.4062 GBP

5p ordinary

SWAP

Increasing Long

3,971

11.4099 GBP

5p ordinary

SWAP

Increasing Long

25

11.4144 GBP

5p ordinary

SWAP

Increasing Long

248

11.4198 GBP

5p ordinary

SWAP

Increasing Long

20,819

11.4371 GBP

5p ordinary

SWAP

Increasing Long

1,436

11.4385 GBP

5p ordinary

SWAP

Increasing Long

181,983

11.4489 GBP

5p ordinary

SWAP

Increasing Long

845,558

11.4519 GBP

5p ordinary

SWAP

Increasing Long

69,075

11.4791 GBP

5p ordinary

SWAP

Increasing Long

23,470

11.4795 GBP

5p ordinary

SWAP

Increasing Long

351

11.4805 GBP

5p ordinary

SWAP

Increasing Long

207

11.4809 GBP

5p ordinary

SWAP

Increasing Long

41,102

11.4935 GBP

5p ordinary

SWAP

Increasing Long

31,472

11.5004 GBP

5p ordinary

SWAP

Increasing Long

36,733

11.5130 GBP

5p ordinary

SWAP

Increasing Long

100

11.5156 GBP

5p ordinary

SWAP

Increasing Long

5,185

11.5276 GBP

5p ordinary

SWAP

Increasing Long

6,131

11.5909 GBP

5p ordinary

SWAP

Increasing Long

6,800

11.5910 GBP

5p ordinary

SWAP

Increasing Long

41,176

11.5922 GBP

5p ordinary

SWAP

Increasing Long

35,965

11.5957 GBP

5p ordinary

SWAP

Increasing Long

118

11.5958 GBP

5p ordinary

SWAP

Increasing Long

100,000

11.5960 GBP

5p ordinary

SWAP

Increasing Long

4,064

11.5976 GBP

5p ordinary

SWAP

Increasing Long

14,943

11.6077 GBP

5p ordinary

SWAP

Increasing Long

12,400

11.6131 GBP

5p ordinary

SWAP

Increasing Long

172

11.6149 GBP

5p ordinary

SWAP

Increasing Long

9,771

11.6502 GBP

5p ordinary

SWAP

Increasing Long

15,229

11.6670 GBP

5p ordinary

SWAP

Increasing Long

20,073

11.6677 GBP

5p ordinary

SWAP

Increasing Long

46,872

11.6739 GBP

5p ordinary

SWAP

Increasing Long

22,934

11.6976 GBP

5p ordinary

SWAP

Increasing Long

1,226

11.6976 USD

5p ordinary

SWAP

Increasing Long

7,196

11.6982 GBP

5p ordinary

SWAP

Increasing Long

310

11.6991 GBP

5p ordinary

SWAP

Increasing Long

649,747

11.7000 GBP

5p ordinary

SWAP

Increasing Long

14

11.7590 GBP

5p ordinary

SWAP

Increasing Long

1,223

11.8147 GBP

5p ordinary

SWAP

Increasing Long

2,812

11.8492 GBP

5p ordinary

SWAP

Increasing Long

7,840

11.9174 GBP

5p ordinary

SWAP

Increasing Long

750

11.9211 GBP

5p ordinary

SWAP

Decreasing Long

49

8.2100 GBP

5p ordinary

SWAP

Decreasing Long

937

8.2216 GBP

5p ordinary

SWAP

Decreasing Long

833

8.2227 GBP

5p ordinary

SWAP

Decreasing Long

4,100

8.2260 GBP

5p ordinary

SWAP

Decreasing Long

539

8.2342 GBP

5p ordinary

SWAP

Decreasing Long

253

8.2405 GBP

5p ordinary

SWAP

Decreasing Long

3,284

8.4091 GBP

5p ordinary

SWAP

Decreasing Long

16,179

9.7183 GBP

5p ordinary

SWAP

Decreasing Long

936

10.2642 GBP

5p ordinary

SWAP

Decreasing Long

1,830

10.6655 GBP

5p ordinary

SWAP

Decreasing Long

975

10.7070 GBP

5p ordinary

SWAP

Decreasing Long

18,696

10.9715 GBP

5p ordinary

SWAP

Decreasing Long

80

11.1720 GBP

5p ordinary

SWAP

Decreasing Long

5,185

11.2533 GBP

5p ordinary

SWAP

Decreasing Long

35,262

11.3744 GBP

5p ordinary

SWAP

Decreasing Long

6,522

11.3940 GBP

5p ordinary

SWAP

Decreasing Long

340

11.3950 GBP

5p ordinary

SWAP

Decreasing Long

3,115

11.4010 GBP

5p ordinary

SWAP

Decreasing Long

50,000

11.4099 GBP

5p ordinary

SWAP

Decreasing Long

41,273

11.4109 GBP

5p ordinary

SWAP

Decreasing Long

6,500

11.4111 GBP

5p ordinary

SWAP

Decreasing Long

11,250

11.4115 GBP

5p ordinary

SWAP

Decreasing Long

7,609

11.4132 GBP

5p ordinary

SWAP

Decreasing Long

10,878

11.4191 GBP

5p ordinary

SWAP

Decreasing Long

2,122

11.4224 GBP

5p ordinary

SWAP

Decreasing Long

13,246

11.4394 GBP

5p ordinary

SWAP

Decreasing Long

30,350

11.4442 GBP

5p ordinary

SWAP

Decreasing Long

257,914

11.4483 GBP

5p ordinary

SWAP

Decreasing Long

50,750

11.4485 GBP

5p ordinary

SWAP

Decreasing Long

765

11.4500 GBP

5p ordinary

SWAP

Decreasing Long

19

11.4501 GBP

5p ordinary

SWAP

Decreasing Long

1,406

11.4507 GBP

5p ordinary

SWAP

Decreasing Long

2,813

11.4653 GBP

5p ordinary

SWAP

Decreasing Long

52,072

11.4709 GBP

5p ordinary

SWAP

Decreasing Long

3,536

11.4866 GBP

5p ordinary

SWAP

Decreasing Long

25,598

11.5175 GBP

5p ordinary

SWAP

Decreasing Long

100,000

11.5394 GBP

5p ordinary

SWAP

Decreasing Long

202

11.5492 GBP

5p ordinary

SWAP

Decreasing Long

29,337

11.5503 GBP

5p ordinary

SWAP

Decreasing Long

1,406

11.5523 GBP

5p ordinary

SWAP

Decreasing Long

366

11.5550 GBP

5p ordinary

SWAP

Decreasing Long

30,157

11.5932 GBP

5p ordinary

SWAP

Decreasing Long

98,709

11.5995 GBP

5p ordinary

SWAP

Decreasing Long

1,406

11.6803 GBP

5p ordinary

SWAP

Decreasing Long

198,146

11.7000 GBP

5p ordinary

SWAP

Decreasing Long

2,546

11.7002 GBP

5p ordinary

SWAP

Decreasing Long

555

11.7009 GBP

5p ordinary

SWAP

Decreasing Long

3,168

11.7580 GBP

5p ordinary

CFD

Opening Long

1,381

8.2221 GBP

5p ordinary

CFD

Increasing Long

22,644

11.7000 GBP

5p ordinary

CFD

Decreasing Long

2,239

10.7265 GBP

5p ordinary

CFD

Opening Short

49,868

11.4724 GBP

5p ordinary

CFD

Increasing Short

117,288

11.5614 GBP

5p ordinary

CFD

Increasing Short

25,172

11.7000 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 Jan 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213