Form 8.5 EPT/Non RI BEAZLEY PLC Replacement

FORM 8.5 (EPT/NON-RI) Amendment - this form replaces RNS number 1967Q published at 11:57 on 23/01/2026, changes made to section 2A,3B

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:

22 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:

7,213,558

1.20%

4,879,716

0.81%

(2)

Cash-settled derivatives:

and/or controlled:

443,310

0.07%

5,687,556

0.94%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

7,656,868

1.28%

10,567,272

1.75%

(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

3,859,457

11.4600 GBP

10.6500 GBP

5p ordinary

Sale

3,784,798

11.4650 GBP

10.5485 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

6,284

11.2016 GBP

5p ordinary

SWAP

Increasing Short

46,153

11.2979 GBP

5p ordinary

SWAP

Decreasing Short

11,250

10.5485 GBP

5p ordinary

SWAP

Decreasing Short

11,250

10.7311 GBP

5p ordinary

SWAP

Decreasing Short

5,625

10.8428 GBP

5p ordinary

SWAP

Decreasing Short

42

10.8491 GBP

5p ordinary

SWAP

Decreasing Short

70,483

10.9413 GBP

5p ordinary

SWAP

Decreasing Short

166,916

10.9437 GBP

5p ordinary

SWAP

Decreasing Short

27,900

10.9519 GBP

5p ordinary

SWAP

Decreasing Short

33

10.9699 GBP

5p ordinary

SWAP

Decreasing Short

22,985

11.0439 GBP

5p ordinary

SWAP

Decreasing Short

5,625

11.0892 GBP

5p ordinary

SWAP

Decreasing Short

5,625

11.1020 GBP

5p ordinary

SWAP

Decreasing Short

34

11.1326 GBP

5p ordinary

SWAP

Decreasing Short

271,397

11.1415 GBP

5p ordinary

SWAP

Decreasing Short

114

11.1576 GBP

5p ordinary

SWAP

Decreasing Short

99,139

11.1600 GBP

5p ordinary

SWAP

Decreasing Short

51,415

11.1667 GBP

5p ordinary

SWAP

Decreasing Short

846

11.1701 GBP

5p ordinary

SWAP

Decreasing Short

18,639

11.1820 GBP

5p ordinary

SWAP

Decreasing Short

1,266

11.1855 GBP

5p ordinary

SWAP

Decreasing Short

9,624

11.2021 GBP

5p ordinary

SWAP

Decreasing Short

22,281

11.2051 GBP

5p ordinary

SWAP

Decreasing Short

9

11.2055 GBP

5p ordinary

SWAP

Decreasing Short

1,791

11.2155 GBP

5p ordinary

SWAP

Decreasing Short

10,262

11.2308 GBP

5p ordinary

SWAP

Decreasing Short

3,163

11.2375 GBP

5p ordinary

SWAP

Decreasing Short

1,860

11.2378 GBP

5p ordinary

SWAP

Decreasing Short

3,679

11.2422 GBP

5p ordinary

SWAP

Decreasing Short

1,419

11.2446 GBP

5p ordinary

SWAP

Decreasing Short

517,820

11.2600 GBP

5p ordinary

SWAP

Decreasing Short

25,000

11.2634 GBP

5p ordinary

SWAP

Decreasing Short

67

11.2637 GBP

5p ordinary

SWAP

Decreasing Short

31,361

11.2883 GBP

5p ordinary

SWAP

Decreasing Short

4,407

11.2896 GBP

5p ordinary

SWAP

Decreasing Short

100

11.2925 GBP

5p ordinary

SWAP

Decreasing Short

364

11.2938 GBP

5p ordinary

SWAP

Decreasing Short

6,089

11.3075 GBP

5p ordinary

SWAP

Decreasing Short

14,695

11.3331 GBP

5p ordinary

SWAP

Decreasing Short

1,000

11.4588 GBP

5p ordinary

SWAP

Increasing Short

25,000

10.6899 GBP

5p ordinary

SWAP

Increasing Short

10,000

10.7060 GBP

5p ordinary

SWAP

Increasing Short

13,976

10.7296 GBP

5p ordinary

SWAP

Increasing Short

10,000

10.7810 GBP

5p ordinary

SWAP

Increasing Short

18,906

10.7921 GBP

5p ordinary

SWAP

Increasing Short

10,000

10.8792 GBP

5p ordinary

SWAP

Increasing Short

1,000

10.8860 GBP

5p ordinary

SWAP

Increasing Short

5,802

10.9467 GBP

5p ordinary

SWAP

Increasing Short

32,014

10.9967 GBP

5p ordinary

SWAP

Increasing Short

22,228

11.0012 GBP

5p ordinary

SWAP

Increasing Short

290,626

11.0043 GBP

5p ordinary

SWAP

Increasing Short

554

11.0051 GBP

5p ordinary

SWAP

Increasing Short

10,205

11.0129 GBP

5p ordinary

SWAP

Increasing Short

2,813

11.1322 GBP

5p ordinary

SWAP

Increasing Short

2,813

11.1422 GBP

5p ordinary

SWAP

Increasing Short

76,776

11.1444 GBP

5p ordinary

SWAP

Increasing Short

34,368

11.1479 GBP

5p ordinary

SWAP

Increasing Short

1,737

11.1600 GBP

5p ordinary

SWAP

Increasing Short

67,886

11.1606 GBP

5p ordinary

SWAP

Increasing Short

16,875

11.1677 GBP

5p ordinary

SWAP

Increasing Short

5,625

11.1686 GBP

5p ordinary

SWAP

Increasing Short

41,465

11.1721 GBP

5p ordinary

SWAP

Increasing Short

2,813

11.1972 GBP

5p ordinary

SWAP

Increasing Short

54,192

11.1973 GBP

5p ordinary

SWAP

Increasing Short

11

11.2018 GBP

5p ordinary

SWAP

Increasing Short

423

11.2209 GBP

5p ordinary

SWAP

Increasing Short

127,422

11.2439 GBP

5p ordinary

SWAP

Increasing Short

51,869

11.2442 GBP

5p ordinary

SWAP

Increasing Short

5,400

11.2458 GBP

5p ordinary

SWAP

Increasing Short

535,920

11.2600 GBP

5p ordinary

SWAP

Increasing Short

44

11.2900 GBP

5p ordinary

SWAP

Increasing Short

1,474

11.3000 GBP

5p ordinary

SWAP

Increasing Short

2,813

11.3114 GBP

5p ordinary

SWAP

Increasing Short

44,866

11.3300 GBP

5p ordinary

SWAP

Increasing Short

9,881

11.3306 GBP

5p ordinary

SWAP

Increasing Short

2,812

11.3822 GBP

5p ordinary

CFD

Decreasing Short

11,889

10.9224 GBP

5p ordinary

CFD

Decreasing Short

1,631

11.1589 GBP

5p ordinary

CFD

Decreasing Short

26,553

11.1989 GBP

5p ordinary

CFD

Decreasing Short

6,093

11.2088 GBP

5p ordinary

CFD

Decreasing Short

2,869

11.2519 GBP

5p ordinary

CFD

Decreasing Short

4,368

11.2528 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