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:

15 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:

19,207,379

3.19%

2,906,226

0.48%

(2)

Cash-settled derivatives:

and/or controlled:

1,454,233

0.24%

17,249,218

2.87%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

20,661,612

3.43%

20,155,444

3.35%

(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

563,704

13.0496 GBP

13.0373 GBP

5p ordinary

Sale

2,713,264

13.0500 GBP

13.0400 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

238

13.0456 GBP

5p ordinary

SWAP

Decreasing Short

426

13.0421 GBP

5p ordinary

SWAP

Decreasing Short

2,209

13.0393 GBP

5p ordinary

SWAP

Decreasing Short

527

13.0450 GBP

5p ordinary

SWAP

Decreasing Short

18,920

13.0450 GBP

5p ordinary

CFD

Increasing Long

60

13.0438 GBP

5p ordinary

CFD

Increasing Short

1,793

13.0409 GBP

5p ordinary

CFD

Opening Short

469

13.0400 GBP

5p ordinary

CFD

Closing Short

943,302

13.0400 GBP

5p ordinary

CFD

Closing Short

1,638,603

13.0400 GBP

5p ordinary

SWAP

Increasing Short

8,140

13.0423 GBP

5p ordinary

SWAP

Increasing Long

9,000

13.0448 GBP

5p ordinary

SWAP

Decreasing Short

2,408

13.0433 GBP

5p ordinary

SWAP

Closing Short

2,127

13.0406 GBP

5p ordinary

SWAP

Opening Long

12,459

13.0406 GBP

5p ordinary

SWAP

Decreasing Short

1,353

13.0418 GBP

5p ordinary

SWAP

Increasing Short

2,689

13.0467 GBP

5p ordinary

SWAP

Closing Long

12,459

13.0400 GBP

5p ordinary

SWAP

Increasing Short

1,377

13.0407 GBP

5p ordinary

SWAP

Increasing Short

10,962

13.0400 GBP

5p ordinary

SWAP

Increasing Short

202,500

13.0465 GBP

5p ordinary

SWAP

Decreasing Short

501

13.0450 GBP

5p ordinary

SWAP

Decreasing Short

28,354

13.0443 GBP

5p ordinary

SWAP

Decreasing Short

511

13.0441 GBP

5p ordinary

SWAP

Decreasing Short

316

13.0431 GBP

5p ordinary

SWAP

Increasing Short

39

13.0500 GBP

5p ordinary

SWAP

Decreasing Short

39

13.0400 GBP

5p ordinary

SWAP

Decreasing Short

7

13.0400 GBP

5p ordinary

SWAP

Increasing Short

420

13.0400 GBP

5p ordinary

SWAP

Decreasing Short

1,681

13.0404 GBP

5p ordinary

SWAP

Increasing Short

13,822

13.0449 GBP

5p ordinary

SWAP

Decreasing Short

42,522

13.0446 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:

16 Sep 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213