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:

21 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:

16,574,042

2.76%

2,184,830

0.36%

(2)

Cash-settled derivatives:

and/or controlled:

425,222

0.07%

15,884,806

2.64%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

16,999,264

2.83%

18,069,636

3.00%

(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

666,735

12.8264 GBP

12.8100 GBP

5p ordinary

Sale

280,753

12.8250 GBP

12.8100 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

2,122

12.8195 GBP

5p ordinary

SWAP

Decreasing Short

11,307

12.8196 GBP

5p ordinary

SWAP

Decreasing Short

139,792

12.8100 GBP

5p ordinary

SWAP

Decreasing Short

14,669

12.8101 GBP

5p ordinary

SWAP

Decreasing Short

3,215

12.8113 GBP

5p ordinary

SWAP

Decreasing Short

7,503

12.8121 GBP

5p ordinary

SWAP

Decreasing Short

1,427

12.8124 GBP

5p ordinary

SWAP

Decreasing Short

6

12.8125 GBP

5p ordinary

SWAP

Decreasing Short

662

12.8141 GBP

5p ordinary

SWAP

Decreasing Short

4,482

12.8144 GBP

5p ordinary

SWAP

Decreasing Short

249

12.8155 GBP

5p ordinary

SWAP

Decreasing Short

14,391

12.8161 GBP

5p ordinary

SWAP

Decreasing Short

68

12.8163 GBP

5p ordinary

SWAP

Decreasing Short

4,489

12.8175 GBP

5p ordinary

SWAP

Decreasing Short

33

12.8189 GBP

5p ordinary

SWAP

Decreasing Short

1,480

12.8225 GBP

5p ordinary

SWAP

Decreasing Short

13,399

12.8247 GBP

5p ordinary

SWAP

Decreasing Short

5,044

12.8250 GBP

5p ordinary

SWAP

Increasing Short

6

12.8125 GBP

5p ordinary

SWAP

Increasing Short

185

12.8160 GBP

5p ordinary

SWAP

Increasing Short

2,736

12.8164 GBP

5p ordinary

SWAP

Increasing Short

6,528

12.8170 GBP

5p ordinary

SWAP

Increasing Short

3,595

12.8171 GBP

5p ordinary

SWAP

Increasing Short

5,008

12.8172 GBP

5p ordinary

SWAP

Increasing Short

6,396

12.8175 GBP

5p ordinary

SWAP

Increasing Short

68,030

12.8193 GBP

5p ordinary

SWAP

Increasing Short

78,125

12.8194 GBP

5p ordinary

SWAP

Increasing Short

9,320

12.8205 GBP

5p ordinary

SWAP

Increasing Short

1,480

12.8225 GBP

5p ordinary

SWAP

Increasing Short

24,696

12.8230 GBP

5p ordinary

SWAP

Increasing Short

47,677

12.8233 GBP

5p ordinary

SWAP

Increasing Short

22,803

12.8235 GBP

5p ordinary

SWAP

Increasing Short

714

12.8237 GBP

5p ordinary

SWAP

Increasing Short

14,048

12.8249 GBP

5p ordinary

SWAP

Increasing Short

68,018

12.8250 GBP

5p ordinary

SWAP

Increasing Short

2,184

12.8256 GBP

5p ordinary

SWAP

Increasing Short

6,559

12.8258 GBP

5p ordinary

SWAP

Increasing Short

200,000

12.8264 GBP

5p ordinary

CFD

Decreasing Short

1,019

12.8241 GBP

5p ordinary

CFD

Increasing Short

41,281

12.8205 GBP

5p ordinary

CFD

Increasing Short

338

12.8224 GBP

5p ordinary

CFD

Increasing Short

1,019

12.8258 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:

22 May 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213