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:

16 Apr 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:

19,982,877

3.32%

3,824,320

0.64%

(2)

Cash-settled derivatives:

and/or controlled:

418,425

0.07%

19,267,445

3.20%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

20,401,302

3.39%

23,091,765

3.84%

(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

321,439

12.7406 GBP

12.7300 GBP

5p ordinary

Sale

505,943

12.7400 GBP

12.7343 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

86

12.7339 GBP

5p ordinary

SWAP

Decreasing Short

24,386

12.7341 GBP

5p ordinary

SWAP

Decreasing Short

56

12.7348 GBP

5p ordinary

SWAP

Decreasing Short

95,282

12.7350 GBP

5p ordinary

SWAP

Decreasing Short

4,057

12.7356 GBP

5p ordinary

SWAP

Decreasing Short

2,991

12.7359 GBP

5p ordinary

SWAP

Increasing Short

11,364

12.7309 GBP

5p ordinary

SWAP

Increasing Short

46,021

12.7350 GBP

5p ordinary

SWAP

Increasing Short

29,879

12.7352 GBP

5p ordinary

SWAP

Increasing Short

19,566

12.7356 GBP

5p ordinary

SWAP

Increasing Short

4,616

12.7362 GBP

5p ordinary

SWAP

Increasing Short

2,834

12.7375 GBP

5p ordinary

SWAP

Increasing Short

20,763

12.7378 GBP

5p ordinary

SWAP

Increasing Short

980

12.7380 GBP

5p ordinary

SWAP

Increasing Short

107,093

12.7399 GBP

5p ordinary

SWAP

Increasing Short

16,191

12.7400 GBP

5p ordinary

CFD

Decreasing Short

560

12.7341 GBP

5p ordinary

CFD

Decreasing Short

60,049

12.7342 GBP

5p ordinary

CFD

Decreasing Short

230,756

12.7350 GBP

5p ordinary

CFD

Increasing Short

560

12.7358 GBP

5p ordinary

CFD

Increasing Short

1,043

12.7359 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:

17 Apr 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213