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:

19 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:

10,387,108

1.73%

3,656,274

0.61%

(2)

Cash-settled derivatives:

and/or controlled:

270,409

0.05%

9,672,742

1.61%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

10,657,517

1.78%

13,329,016

2.22%

(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

733,495

12.6700 GBP

12.6474 GBP

5p ordinary

Sale

1,454,946

12.6700 GBP

12.6500 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

25,771

12.6571 GBP

5p ordinary

SWAP

Decreasing Short

76,239

12.6500 GBP

5p ordinary

SWAP

Decreasing Short

46,527

12.6504 GBP

5p ordinary

SWAP

Decreasing Short

221,919

12.6524 GBP

5p ordinary

SWAP

Decreasing Short

34,755

12.6532 GBP

5p ordinary

SWAP

Decreasing Short

28,504

12.6537 GBP

5p ordinary

SWAP

Decreasing Short

357,551

12.6539 GBP

5p ordinary

SWAP

Decreasing Short

6,691

12.6540 GBP

5p ordinary

SWAP

Decreasing Short

36,094

12.6551 GBP

5p ordinary

SWAP

Decreasing Short

35,285

12.6555 GBP

5p ordinary

SWAP

Decreasing Short

4,833

12.6556 GBP

5p ordinary

SWAP

Decreasing Short

8,841

12.6572 GBP

5p ordinary

SWAP

Decreasing Short

2,854

12.6576 GBP

5p ordinary

SWAP

Decreasing Short

135

12.6589 GBP

5p ordinary

SWAP

Decreasing Short

19,474

12.6595 GBP

5p ordinary

SWAP

Decreasing Short

1,260

12.6598 GBP

5p ordinary

SWAP

Decreasing Short

24,128

12.6600 GBP

5p ordinary

SWAP

Decreasing Short

1,306

12.6605 GBP

5p ordinary

SWAP

Decreasing Short

59

12.6698 GBP

5p ordinary

SWAP

Increasing Short

5,498

12.6500 GBP

5p ordinary

SWAP

Increasing Short

36,021

12.6502 GBP

5p ordinary

SWAP

Increasing Short

525

12.6558 GBP

5p ordinary

SWAP

Increasing Short

58,122

12.6568 GBP

5p ordinary

SWAP

Increasing Short

10,674

12.6573 GBP

5p ordinary

SWAP

Increasing Short

34,492

12.6579 GBP

5p ordinary

SWAP

Increasing Short

854

12.6600 GBP

5p ordinary

SWAP

Increasing Short

165

12.6601 GBP

5p ordinary

SWAP

Increasing Short

5,669

12.6624 GBP

5p ordinary

SWAP

Increasing Short

779

12.6650 GBP

5p ordinary

SWAP

Increasing Short

111,733

12.6659 GBP

5p ordinary

SWAP

Increasing Short

23,524

12.6668 GBP

5p ordinary

SWAP

Increasing Short

141,884

12.6691 GBP

5p ordinary

SWAP

Increasing Short

4,070

12.6700 GBP

5p ordinary

CFD

Decreasing Short

321

12.6592 GBP

5p ordinary

CFD

Decreasing Short

1,494

12.6691 GBP

5p ordinary

CFD

Increasing Short

16,835

12.6500 GBP

5p ordinary

CFD

Increasing Short

1,494

12.6508 GBP

5p ordinary

CFD

Increasing Short

91

12.6543 GBP

5p ordinary

CFD

Increasing Short

7,029

12.6644 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:

20 Mar 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213