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:

06 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:

9,214,068

1.54%

4,733,029

0.79%

(2)

Cash-settled derivatives:

and/or controlled:

292,822

0.05%

7,706,649

1.29%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

9,506,890

1.59%

12,439,678

2.07%

(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

1,100,545

12.9000 GBP

12.8796 GBP

5p ordinary

Sale

892,788

12.9000 GBP

12.8800 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 Long

26,326

12.8922 GBP

5p ordinary

SWAP

Decreasing Short

2

12.8800 GBP

5p ordinary

SWAP

Decreasing Short

51,139

12.8850 GBP

5p ordinary

SWAP

Decreasing Short

75,081

12.8863 GBP

5p ordinary

SWAP

Decreasing Short

2,682

12.8867 GBP

5p ordinary

SWAP

Decreasing Short

1,295

12.8872 GBP

5p ordinary

SWAP

Decreasing Short

7,182

12.8885 GBP

5p ordinary

SWAP

Decreasing Short

232

12.8886 GBP

5p ordinary

SWAP

Decreasing Short

1,732

12.8890 GBP

5p ordinary

SWAP

Decreasing Short

2,268

12.8892 GBP

5p ordinary

SWAP

Decreasing Short

11,751

12.8893 GBP

5p ordinary

SWAP

Decreasing Short

889

12.8898 GBP

5p ordinary

SWAP

Decreasing Short

194,226

12.8900 GBP

5p ordinary

SWAP

Decreasing Short

19,810

12.8907 GBP

5p ordinary

SWAP

Decreasing Short

9,280

12.8911 GBP

5p ordinary

SWAP

Increasing Short

74

12.8801 GBP

5p ordinary

SWAP

Increasing Short

3,911

12.8810 GBP

5p ordinary

SWAP

Increasing Short

1,692

12.8896 GBP

5p ordinary

SWAP

Increasing Short

38,097

12.8900 GBP

5p ordinary

SWAP

Increasing Short

399,726

12.8904 GBP

5p ordinary

SWAP

Increasing Short

11,938

12.8909 GBP

5p ordinary

SWAP

Increasing Short

45,000

12.8914 GBP

5p ordinary

SWAP

Increasing Short

233

12.8925 GBP

5p ordinary

SWAP

Increasing Short

1,926

12.8930 GBP

5p ordinary

CFD

Decreasing Short

351

12.8890 GBP

5p ordinary

CFD

Decreasing Short

1,745

12.8892 GBP

5p ordinary

CFD

Decreasing Short

26,154

12.8896 GBP

5p ordinary

CFD

Decreasing Short

16,393

12.8900 GBP

5p ordinary

CFD

Increasing Short

5,776

12.8900 GBP

5p ordinary

CFD

Increasing Short

86,348

12.8909 GBP

5p ordinary

CFD

Increasing Short

16,138

12.8973 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:

09 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213