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:

21 Sep 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:

19,111,121

3.18%

3,536,764

0.59%

(2)

Cash-settled derivatives:

and/or controlled:

2,084,771

0.35%

17,493,308

2.91%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

21,195,892

3.52%

21,030,072

3.49%

(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

133,830

13.0600 GBP

13.0500 GBP

5p ordinary

Sale

688,522

13.0600 GBP

13.0475 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

98

13.0515 GBP

5p ordinary

SWAP

Decreasing Short

97

13.0504 GBP

5p ordinary

SWAP

Decreasing Short

30

13.0489 GBP

5p ordinary

SWAP

Decreasing Short

1,102

13.0521 GBP

5p ordinary

SWAP

Increasing Long

1,835

13.0555 GBP

5p ordinary

SWAP

Decreasing Long

241

13.0589 GBP

5p ordinary

SWAP

Decreasing Short

95

13.0500 GBP

5p ordinary

SWAP

Decreasing Short

5,699

13.0593 GBP

5p ordinary

SWAP

Increasing Short

7,156

13.0565 GBP

5p ordinary

SWAP

Decreasing Short

17,141

13.0450 GBP

5p ordinary

CFD

Increasing Long

45

13.0488 GBP

5p ordinary

CFD

Increasing Short

2,604

13.0509 GBP

5p ordinary

CFD

Closing Short

251

13.0492 GBP

5p ordinary

CFD

Opening Long

367,422

13.0600 GBP

5p ordinary

SWAP

Increasing Short

13,322

13.0562 GBP

5p ordinary

SWAP

Increasing Long

289

13.0592 GBP

5p ordinary

SWAP

Increasing Long

930

13.0480 GBP

5p ordinary

SWAP

Increasing Short

234

13.0508 GBP

5p ordinary

SWAP

Increasing Short

1,165

13.0599 GBP

5p ordinary

CFD

Increasing Short

5,613

13.0509 GBP

5p ordinary

CFD

Increasing Long

153,476

13.0600 GBP

5p ordinary

SWAP

Increasing Long

114

13.0498 GBP

5p ordinary

SWAP

Decreasing Short

13

13.0476 GBP

5p ordinary

SWAP

Decreasing Short

954

13.0600 GBP

5p ordinary

CFD

Increasing Long

24,089

13.0600 GBP

5p ordinary

SWAP

Increasing Short

53

13.0549 GBP

5p ordinary

SWAP

Decreasing Short

4,701

13.0475 GBP

5p ordinary

SWAP

Increasing Short

3,598

13.0523 GBP

5p ordinary

SWAP

Decreasing Short

6,269

13.0475 GBP

5p ordinary

SWAP

Increasing Short

17

13.0600 GBP

5p ordinary

SWAP

Decreasing Short

507

13.0535 GBP

5p ordinary

SWAP

Increasing Short

348

13.0599 GBP

5p ordinary

SWAP

Decreasing Short

2,162

13.0478 GBP

5p ordinary

SWAP

Decreasing Short

336

13.0600 GBP

5p ordinary

SWAP

Decreasing Short

3,282

13.0583 GBP

5p ordinary

SWAP

Decreasing Short

5,641

13.0475 GBP

5p ordinary

SWAP

Increasing Short

39

13.0575 GBP

5p ordinary

SWAP

Decreasing Short

1,842

13.0475 GBP

5p ordinary

SWAP

Increasing Short

72,739

13.0531 GBP

5p ordinary

SWAP

Decreasing Short

3,407

13.0600 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:

22 Sep 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213