Form 8.5 EPT/Non RI BEAZLEY PLC

RNS Number : 9601S

Barclays PLC

13 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:				12 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:			9,404,893	1.57%	4,992,591	0.83%
(2)	Cash-settled derivatives:
	and/or controlled:			575,709	0.10%	7,960,790	1.33%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			9,980,602	1.66%	12,953,381	2.16%
(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		959,070		12.4700 GBP	12.3160 GBP
5p ordinary		Sale		885,196		12.4700 GBP	12.3200 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		12,159	12.3776 GBP
5p ordinary		SWAP		Decreasing Short		13,041	12.3777 GBP
5p ordinary		SWAP		Increasing Short		24,318	12.3776 GBP
5p ordinary		SWAP		Increasing Short		26,082	12.3777 GBP
5p ordinary		SWAP		Decreasing Short		2	12.3000 GBP
5p ordinary		SWAP		Decreasing Short		394	12.3188 GBP
5p ordinary		SWAP		Decreasing Short		60	12.3220 GBP
5p ordinary		SWAP		Decreasing Short		14,641	12.3477 GBP
5p ordinary		SWAP		Decreasing Short		40,654	12.3481 GBP
5p ordinary		SWAP		Decreasing Short		2,012	12.3492 GBP
5p ordinary		SWAP		Decreasing Short		3,569	12.3568 GBP
5p ordinary		SWAP		Decreasing Short		5,787	12.3700 GBP
5p ordinary		SWAP		Decreasing Short		771	12.3725 GBP
5p ordinary		SWAP		Decreasing Short		6,335	12.3737 GBP
5p ordinary		SWAP		Decreasing Short		10	12.3740 GBP
5p ordinary		SWAP		Decreasing Short		1,233	12.3750 GBP
5p ordinary		SWAP		Decreasing Short		18,175	12.3799 GBP
5p ordinary		SWAP		Decreasing Short		23,500	12.3817 GBP
5p ordinary		SWAP		Decreasing Short		5,311	12.3845 GBP
5p ordinary		SWAP		Decreasing Short		47,301	12.3904 GBP
5p ordinary		SWAP		Decreasing Short		1,515	12.4019 GBP
5p ordinary		SWAP		Decreasing Short		14,765	12.4107 GBP
5p ordinary		SWAP		Decreasing Short		5,089	12.4355 GBP
5p ordinary		SWAP		Increasing Short		4,665	12.3160 GBP
5p ordinary		SWAP		Increasing Short		2,489	12.3363 GBP
5p ordinary		SWAP		Increasing Short		89,975	12.3401 GBP
5p ordinary		SWAP		Increasing Short		4,013	12.3532 GBP
5p ordinary		SWAP		Increasing Short		5	12.3589 GBP
5p ordinary		SWAP		Increasing Short		380	12.3600 GBP
5p ordinary		SWAP		Increasing Short		1,000	12.3612 GBP
5p ordinary		SWAP		Increasing Short		19,594	12.3652 GBP
5p ordinary		SWAP		Increasing Short		1,900	12.3664 GBP
5p ordinary		SWAP		Increasing Short		61,046	12.3700 GBP
5p ordinary		SWAP		Increasing Short		847	12.3718 GBP
5p ordinary		SWAP		Increasing Short		16,821	12.3741 GBP
5p ordinary		SWAP		Increasing Short		4,800	12.3770 GBP
5p ordinary		SWAP		Increasing Short		5,625	12.4324 GBP
5p ordinary		CFD		Decreasing Short		1,248	12.3508 GBP
5p ordinary		CFD		Decreasing Short		8,965	12.4199 GBP
5p ordinary		CFD		Increasing Short		16,170	12.3814 GBP
5p ordinary		CFD		Increasing Short		20,303	12.4022 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:				13 Feb 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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