Barclays Regulatory News (BARC)

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:

29 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:

16,476,614

2.74%

2,427,908

0.40%

(2)

Cash-settled derivatives:

and/or controlled:

668,712

0.11%

15,817,559

2.63%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

17,145,326

2.85%

18,245,467

3.03%

(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

1,855,059

12.8196 GBP

12.8074 GBP

5p ordinary

Sale

1,466,683

12.8175 GBP

12.8091 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

142

12.8148 GBP

5p ordinary

SWAP

Decreasing Short

127

12.8139 GBP

5p ordinary

SWAP

Decreasing Short

40

12.8139 GBP

5p ordinary

SWAP

Decreasing Short

358

12.8134 GBP

5p ordinary

SWAP

Opening Short

50,894

12.8100 GBP

5p ordinary

SWAP

Decreasing Short

148

12.8148 GBP

5p ordinary

SWAP

Increasing Short

2,245

12.8150 GBP

5p ordinary

SWAP

Increasing Long

6,593

12.8138 GBP

5p ordinary

SWAP

Increasing Short

4,218

12.8192 GBP

5p ordinary

SWAP

Decreasing Short

236,976

12.8100 GBP

5p ordinary

CFD

Increasing Long

6,685

12.8133 GBP

5p ordinary

CFD

Increasing Short

287

12.8159 GBP

5p ordinary

CFD

Closing Short

468

12.8108 GBP

5p ordinary

CFD

Increasing Long

5,208

12.8092 GBP

5p ordinary

SWAP

Opening Short

282,910

12.8196 GBP

5p ordinary

SWAP

Opening Short

122,528

12.8196 GBP

5p ordinary

SWAP

Decreasing Short

570

12.8124 GBP

5p ordinary

SWAP

Decreasing Short

2,245

12.8100 GBP

5p ordinary

SWAP

Decreasing Short

1,874

12.8100 GBP

5p ordinary

SWAP

Increasing Long

7,707

12.8091 GBP

5p ordinary

SWAP

Decreasing Short

30,178

12.8104 GBP

5p ordinary

CFD

Decreasing Short

287

12.8090 GBP

5p ordinary

SWAP

Increasing Short

137,907

12.8164 GBP

5p ordinary

SWAP

Decreasing Short

6,580

12.8131 GBP

5p ordinary

SWAP

Increasing Short

1,817

12.8100 GBP

5p ordinary

SWAP

Increasing Short

1,964

12.8100 GBP

5p ordinary

SWAP

Decreasing Short

5,655

12.8109 GBP

5p ordinary

SWAP

Decreasing Short

11,058

12.8124 GBP

5p ordinary

SWAP

Decreasing Short

16,054

12.8100 GBP

5p ordinary

SWAP

Increasing Short

12,427

12.8100 GBP

5p ordinary

SWAP

Increasing Short

3,714

12.8160 GBP

5p ordinary

SWAP

Increasing Short

104,653

12.8162 GBP

5p ordinary

SWAP

Decreasing Short

11,580

12.8114 GBP

5p ordinary

SWAP

Increasing Short

58,407

12.8119 GBP

5p ordinary

SWAP

Increasing Short

345

12.8143 GBP

5p ordinary

SWAP

Decreasing Short

10,342

12.8144 GBP

5p ordinary

SWAP

Decreasing Short

4,746

12.8100 GBP

5p ordinary

SWAP

Decreasing Short

152

12.8125 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:

01 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213