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:

19 Jun 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:

20,633,139

3.43%

2,497,431

0.42%

(2)

Cash-settled derivatives:

and/or controlled:

744,628

0.12%

19,961,135

3.32%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

21,377,767

3.55%

22,458,566

3.73%

(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

1,437,142

12.8500 GBP

12.8400 GBP

5p ordinary

Sale

975,854

12.8475 GBP

12.8400 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

8,329

12.8425 GBP

5p ordinary

SWAP

Decreasing Short

209

12.8425 GBP

5p ordinary

SWAP

Decreasing Short

564

12.8425 GBP

5p ordinary

SWAP

Closing Short

2,249

12.8425 GBP

5p ordinary

SWAP

Closing Short

5,991

12.8430 GBP

5p ordinary

SWAP

Decreasing Short

1,866

12.8425 GBP

5p ordinary

SWAP

Decreasing Short

9,949

12.8425 GBP

5p ordinary

SWAP

Increasing Short

3,922

12.8425 GBP

5p ordinary

SWAP

Increasing Short

12,588

12.8425 GBP

5p ordinary

SWAP

Increasing Short

10,178

12.8428 GBP

5p ordinary

SWAP

Opening Short

9

12.8455 GBP

5p ordinary

SWAP

Opening Long

26,052

12.8443 GBP

5p ordinary

SWAP

Increasing Long

83,600

12.8441 GBP

5p ordinary

SWAP

Decreasing Short

4,709

12.8449 GBP

5p ordinary

CFD

Decreasing Short

610

12.8490 GBP

5p ordinary

SWAP

Closing Short

24,287

12.8430 GBP

5p ordinary

SWAP

Decreasing Short

264

12.8425 GBP

5p ordinary

SWAP

Decreasing Short

718

12.8425 GBP

5p ordinary

SWAP

Decreasing Short

2,363

12.8425 GBP

5p ordinary

SWAP

Closing Short

95

12.8425 GBP

5p ordinary

SWAP

Increasing Short

1,059

12.8425 GBP

5p ordinary

SWAP

Increasing Short

4,407

12.8425 GBP

5p ordinary

SWAP

Increasing Short

144,265

12.8470 GBP

5p ordinary

SWAP

Closing Long

26,052

12.8450 GBP

5p ordinary

SWAP

Opening Short

264,425

12.8450 GBP

5p ordinary

SWAP

Increasing Short

288

12.8450 GBP

5p ordinary

CFD

Increasing Short

610

12.8459 GBP

5p ordinary

SWAP

Closing Short

223

12.8430 GBP

5p ordinary

SWAP

Closing Short

608

12.8430 GBP

5p ordinary

SWAP

Closing Short

2,000

12.8430 GBP

5p ordinary

SWAP

Increasing Short

3,440

12.8425 GBP

5p ordinary

SWAP

Decreasing Short

8,225

12.8400 GBP

5p ordinary

SWAP

Increasing Short

11,713

12.8445 GBP

5p ordinary

SWAP

Decreasing Short

2,273

12.8400 GBP

5p ordinary

SWAP

Increasing Short

1,190

12.8425 GBP

5p ordinary

SWAP

Decreasing Short

14,847

12.8403 GBP

5p ordinary

SWAP

Increasing Short

193,062

12.8450 GBP

5p ordinary

SWAP

Increasing Short

70,209

12.8440 GBP

5p ordinary

SWAP

Increasing Short

1,540

12.8448 GBP

5p ordinary

SWAP

Increasing Short

96

12.8450 GBP

5p ordinary

SWAP

Increasing Short

3,355

12.8450 GBP

5p ordinary

SWAP

Decreasing Short

1,643

12.8450 GBP

5p ordinary

SWAP

Decreasing Short

20,436

12.8400 GBP

5p ordinary

SWAP

Increasing Short

5,895

12.8469 GBP

5p ordinary

SWAP

Decreasing Short

85,575

12.8408 GBP

5p ordinary

SWAP

Increasing Short

1,138

12.8500 GBP

5p ordinary

SWAP

Decreasing Short

108,771

12.8461 GBP

5p ordinary

SWAP

Decreasing Short

2,455

12.8400 GBP

5p ordinary

SWAP

Decreasing Short

4,980

12.8400 GBP

5p ordinary

SWAP

Increasing Short

122,652

12.8450 GBP

5p ordinary

SWAP

Increasing Short

3,211

12.8450 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 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213