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:

09 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:

9,326,094

1.56%

4,765,009

0.79%

(2)

Cash-settled derivatives:

and/or controlled:

324,623

0.05%

7,830,617

1.31%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

9,650,717

1.61%

12,595,626

2.10%

(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

825,071

12.9060 GBP

12.8790 GBP

5p ordinary

Sale

745,025

12.9000 GBP

12.8735 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

Opening Short

25,936

12.8841 GBP

5p ordinary

SWAP

Decreasing Short

10,837

12.8735 GBP

5p ordinary

SWAP

Decreasing Short

46,181

12.8739 GBP

5p ordinary

SWAP

Decreasing Short

16,255

12.8780 GBP

5p ordinary

SWAP

Decreasing Short

9,400

12.8790 GBP

5p ordinary

SWAP

Decreasing Short

35,091

12.8799 GBP

5p ordinary

SWAP

Decreasing Short

229,968

12.8800 GBP

5p ordinary

SWAP

Decreasing Short

63,084

12.8802 GBP

5p ordinary

SWAP

Decreasing Short

744

12.8822 GBP

5p ordinary

SWAP

Decreasing Short

3,096

12.8828 GBP

5p ordinary

SWAP

Decreasing Short

13,176

12.8850 GBP

5p ordinary

SWAP

Decreasing Short

460

12.8883 GBP

5p ordinary

SWAP

Decreasing Short

639

12.8887 GBP

5p ordinary

SWAP

Decreasing Short

268

12.8898 GBP

5p ordinary

SWAP

Increasing Short

717

12.8800 GBP

5p ordinary

SWAP

Increasing Short

14,187

12.8802 GBP

5p ordinary

SWAP

Increasing Short

7,342

12.8808 GBP

5p ordinary

SWAP

Increasing Short

36,879

12.8819 GBP

5p ordinary

SWAP

Increasing Short

18,091

12.8830 GBP

5p ordinary

SWAP

Increasing Short

88

12.8850 GBP

5p ordinary

SWAP

Increasing Short

20,014

12.8874 GBP

5p ordinary

SWAP

Increasing Short

53,707

12.8875 GBP

5p ordinary

SWAP

Increasing Short

4,152

12.8900 GBP

5p ordinary

SWAP

Increasing Short

34,811

12.8918 GBP

5p ordinary

SWAP

Increasing Short

300,000

12.9064 GBP

5p ordinary

CFD

Decreasing Short

188

12.8790 GBP

5p ordinary

CFD

Decreasing Short

1,928

12.8792 GBP

5p ordinary

CFD

Increasing Short

188

12.8809 GBP

5p ordinary

CFD

Increasing Short

7,370

12.8907 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:

10 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213