Form 8.5 EPT/Non RI BEAZLEY PLC Replacement

FORM 8.5 (EPT/NON-RI)

Amendment - this form replaces RNS number 1563T published at 08:40 on 16/02/2026, 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:

13 Feb 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:

9,601,327

1.60%

5,003,692

0.83%

(2)

Cash-settled derivatives:

and/or controlled:

588,791

0.10%

8,134,638

1.36%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

10,190,118

1.70%

13,138,330

2.19%

(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

1,228,277

12.4600 GBP

12.3000 GBP

5p ordinary

Sale

1,042,944

12.4600 GBP

12.2997 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

3,195

12.3452 GBP

5p ordinary

SWAP

Increasing Short

22,049

12.3453 GBP

5p ordinary

SWAP

Decreasing Short

8,810

12.2997 GBP

5p ordinary

SWAP

Decreasing Short

162,212

12.3000 GBP

5p ordinary

SWAP

Decreasing Short

2,691

12.3175 GBP

5p ordinary

SWAP

Decreasing Short

123,566

12.3204 GBP

5p ordinary

SWAP

Decreasing Short

613

12.3215 GBP

5p ordinary

SWAP

Decreasing Short

799

12.3244 GBP

5p ordinary

SWAP

Decreasing Short

4,002

12.3263 GBP

5p ordinary

SWAP

Decreasing Short

13,292

12.3271 GBP

5p ordinary

SWAP

Decreasing Short

3,264

12.3336 GBP

5p ordinary

SWAP

Decreasing Short

2,042

12.3363 GBP

5p ordinary

SWAP

Decreasing Short

2,380

12.3368 GBP

5p ordinary

SWAP

Decreasing Short

14,651

12.3411 GBP

5p ordinary

SWAP

Decreasing Short

27,552

12.3475 GBP

5p ordinary

SWAP

Decreasing Short

11,163

12.3553 GBP

5p ordinary

SWAP

Decreasing Short

14,988

12.3568 GBP

5p ordinary

SWAP

Decreasing Short

2,136

12.3770 GBP

5p ordinary

SWAP

Decreasing Short

53,995

12.3805 GBP

5p ordinary

SWAP

Decreasing Short

1,456

12.3812 GBP

5p ordinary

SWAP

Decreasing Short

956

12.3874 GBP

5p ordinary

SWAP

Decreasing Short

1,196

12.3896 GBP

5p ordinary

SWAP

Decreasing Short

3,463

12.3993 GBP

5p ordinary

SWAP

Decreasing Short

137

12.4073 GBP

5p ordinary

SWAP

Decreasing Short

2,449

12.4234 GBP

5p ordinary

SWAP

Increasing Short

145,255

12.3000 GBP

5p ordinary

SWAP

Increasing Short

58,061

12.3006 GBP

5p ordinary

SWAP

Increasing Short

1,336

12.3008 GBP

5p ordinary

SWAP

Increasing Short

2,813

12.3024 GBP

5p ordinary

SWAP

Increasing Short

9,584

12.3034 GBP

5p ordinary

SWAP

Increasing Short

25,899

12.3037 GBP

5p ordinary

SWAP

Increasing Short

23

12.3086 GBP

5p ordinary

SWAP

Increasing Short

5,348

12.3087 GBP

5p ordinary

SWAP

Increasing Short

17,955

12.3130 GBP

5p ordinary

SWAP

Increasing Short

18,143

12.3157 GBP

5p ordinary

SWAP

Increasing Short

7,300

12.3195 GBP

5p ordinary

SWAP

Increasing Short

806

12.3224 GBP

5p ordinary

SWAP

Increasing Short

90,751

12.3407 GBP

5p ordinary

SWAP

Increasing Short

93,082

12.3461 GBP

5p ordinary

SWAP

Increasing Short

16,237

12.3552 GBP

5p ordinary

SWAP

Increasing Short

6,186

12.3562 GBP

5p ordinary

SWAP

Increasing Short

11,957

12.3582 GBP

5p ordinary

SWAP

Increasing Short

88

12.3609 GBP

5p ordinary

SWAP

Increasing Short

28,878

12.3639 GBP

5p ordinary

SWAP

Increasing Short

3,949

12.3675 GBP

5p ordinary

SWAP

Increasing Short

869

12.3700 GBP

5p ordinary

SWAP

Increasing Short

14,764

12.3821 GBP

5p ordinary

SWAP

Increasing Short

2,091

12.3955 GBP

5p ordinary

SWAP

Increasing Short

4,299

12.4100 GBP

5p ordinary

SWAP

Increasing Short

91,240

12.4174 GBP

5p ordinary

SWAP

Increasing Short

258

12.4200 GBP

5p ordinary

SWAP

Increasing Short

5,625

12.4375 GBP

5p ordinary

SWAP

Increasing Short

5,625

12.4536 GBP

5p ordinary

CFD

Decreasing Short

11,270

12.3000 GBP

5p ordinary

CFD

Decreasing Short

39,707

12.3212 GBP

5p ordinary

CFD

Decreasing Short

28,019

12.3300 GBP

5p ordinary

CFD

Decreasing Short

1,581

12.3687 GBP

5p ordinary

CFD

Decreasing Short

8

12.3750 GBP

5p ordinary

CFD

Increasing Short

5,498

12.4177 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:

18 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213