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:

27 May 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:

15,976,995

2.66%

2,288,275

0.38%

(2)

Cash-settled derivatives:

and/or controlled:

529,065

0.09%

15,269,689

2.54%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

16,506,060

2.74%

17,557,964

2.92%

(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

208,805

12.8221 GBP

12.8024 GBP

5p ordinary

Sale

643,624

12.8250 GBP

12.8041 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 Short

41,264

12.8041 GBP

5p ordinary

SWAP

Decreasing Short

73

12.8043 GBP

5p ordinary

SWAP

Decreasing Short

7,860

12.8050 GBP

5p ordinary

SWAP

Decreasing Short

14,030

12.8076 GBP

5p ordinary

SWAP

Decreasing Short

15,587

12.8089 GBP

5p ordinary

SWAP

Decreasing Short

67,641

12.8094 GBP

5p ordinary

SWAP

Decreasing Short

167,430

12.8103 GBP

5p ordinary

SWAP

Decreasing Short

74

12.8125 GBP

5p ordinary

SWAP

Decreasing Short

529

12.8139 GBP

5p ordinary

SWAP

Decreasing Short

4,887

12.8147 GBP

5p ordinary

SWAP

Decreasing Short

200

12.8148 GBP

5p ordinary

SWAP

Decreasing Short

2,069

12.8149 GBP

5p ordinary

SWAP

Decreasing Short

20,636

12.8166 GBP

5p ordinary

SWAP

Decreasing Short

204,115

12.8200 GBP

5p ordinary

SWAP

Increasing Short

19,582

12.8050 GBP

5p ordinary

SWAP

Increasing Short

18,144

12.8063 GBP

5p ordinary

SWAP

Increasing Short

16,825

12.8065 GBP

5p ordinary

SWAP

Increasing Short

7,668

12.8069 GBP

5p ordinary

SWAP

Increasing Short

39,494

12.8075 GBP

5p ordinary

SWAP

Increasing Short

5,626

12.8191 GBP

5p ordinary

SWAP

Increasing Short

222

12.8208 GBP

5p ordinary

SWAP

Increasing Short

5,977

12.8221 GBP

5p ordinary

SWAP

Increasing Short

765

12.8242 GBP

5p ordinary

CFD

Decreasing Short

88

12.8040 GBP

5p ordinary

CFD

Decreasing Short

1,093

12.8088 GBP

5p ordinary

CFD

Decreasing Short

20,043

12.8191 GBP

5p ordinary

CFD

Increasing Short

88

12.8259 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:

28 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213