Form 8.5 EPT/Non RI BEAZLEY PLC

RNS Number : 8092S

Barclays PLC

12 February 2026

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:				11 Feb 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:			9,354,771	1.56%	5,016,343	0.84%
(2)	Cash-settled derivatives:
	and/or controlled:			599,456	0.10%	8,664,218	1.44%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			9,954,227	1.66%	13,680,561	2.28%
(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		2,317,733		12.3400 GBP	12.1450 GBP
5p ordinary		Sale		1,548,578		12.3496 GBP	12.1215 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		Increasing Short		8,439	12.2617 GBP
5p ordinary		SWAP		Increasing Short		14,482	12.2618 GBP
5p ordinary		SWAP		Decreasing Short		30,088	12.1215 GBP
5p ordinary		SWAP		Decreasing Short		10,168	12.1390 GBP
5p ordinary		SWAP		Decreasing Short		2,813	12.1475 GBP
5p ordinary		SWAP		Decreasing Short		41,177	12.2083 GBP
5p ordinary		SWAP		Decreasing Short		12,922	12.2170 GBP
5p ordinary		SWAP		Decreasing Short		1,749	12.2358 GBP
5p ordinary		SWAP		Decreasing Short		1,639	12.2435 GBP
5p ordinary		SWAP		Decreasing Short		461	12.2565 GBP
5p ordinary		SWAP		Decreasing Short		30	12.2590 GBP
5p ordinary		SWAP		Decreasing Short		1,754	12.2593 GBP
5p ordinary		SWAP		Decreasing Short		1,124	12.2689 GBP
5p ordinary		SWAP		Decreasing Short		40,067	12.2694 GBP
5p ordinary		SWAP		Decreasing Short		11,371	12.2700 GBP
5p ordinary		SWAP		Decreasing Short		8,218	12.2713 GBP
5p ordinary		SWAP		Decreasing Short		9,397	12.2807 GBP
5p ordinary		SWAP		Decreasing Short		5	12.3496 GBP
5p ordinary		SWAP		Increasing Short		11,167	12.1604 GBP
5p ordinary		SWAP		Increasing Short		5,625	12.1685 GBP
5p ordinary		SWAP		Increasing Short		38,833	12.1885 GBP
5p ordinary		SWAP		Increasing Short		3,169	12.2061 GBP
5p ordinary		SWAP		Increasing Short		60,781	12.2184 GBP
5p ordinary		SWAP		Increasing Short		100	12.2212 GBP
5p ordinary		SWAP		Increasing Short		37,500	12.2393 GBP
5p ordinary		SWAP		Increasing Short		22,291	12.2625 GBP
5p ordinary		SWAP		Increasing Short		1,183	12.2631 GBP
5p ordinary		SWAP		Increasing Short		53,831	12.2645 GBP
5p ordinary		SWAP		Increasing Short		90,583	12.2688 GBP
5p ordinary		SWAP		Increasing Short		38,706	12.2696 GBP
5p ordinary		SWAP		Increasing Short		253,077	12.2700 GBP
5p ordinary		SWAP		Increasing Short		25,650	12.2709 GBP
5p ordinary		SWAP		Increasing Short		93,889	12.2735 GBP
5p ordinary		SWAP		Increasing Short		1,726	12.2770 GBP
5p ordinary		SWAP		Increasing Short		969	12.2873 GBP
5p ordinary		SWAP		Increasing Short		13,185	12.2901 GBP
5p ordinary		SWAP		Increasing Short		1,594	12.2966 GBP
5p ordinary		SWAP		Increasing Short		49,685	12.3061 GBP
5p ordinary		CFD		Decreasing Short		5,445	12.2434 GBP
5p ordinary		CFD		Decreasing Short		6	12.2700 GBP
5p ordinary		CFD		Decreasing Short		132,978	12.4061 GBP
5p ordinary		CFD		Decreasing Short		228,022	12.4062 GBP
5p ordinary		CFD		Increasing Short		4,377	12.2700 GBP
5p ordinary		CFD		Increasing Short		68,401	12.2756 GBP
5p ordinary		CFD		Increasing Short		132,978	12.4061 GBP
5p ordinary		CFD		Increasing Short		228,022	12.4062 GBP
5p ordinary		CFD		Increasing Short		753,177	12.4662 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:				12 Feb 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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