Form 8.5 (EPT/RI) - BEAZLEY PLC

GoldmanSachs International

16 February 2026

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Name of exempt principal trader:	(GS) GOLDMAN SACHS INTERNATIONAL
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	BEAZLEY PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	ZURICH INSURANCE GROUP LTD
(d) Date dealing undertaken:	13 February 2026
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	N/A

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
5p ordinary	Purchases	779,431	12.4700 GBP	12.3000 GBP
5p ordinary	Sales	3,102,961 500,000	12.4600 GBP 14.2020 EUR	12.3000 GBP 14.2020 EUR

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
5p ordinary	CFD	Reducing a short position	6,723	12.2998 GBP
5p ordinary	CFD	Reducing a short position	50,059	12.3000 GBP
5p ordinary	CFD	Increasing a short position	8,338	12.3002 GBP
5p ordinary	CFD	Increasing a short position	937	12.3025 GBP
5p ordinary	CFD	Increasing a short position	2,500	12.3025 GBP
5p ordinary	CFD	Reducing a long position	1,328	12.3025 GBP
5p ordinary	CFD	Increasing a short position	5,000	12.3074 GBP
5p ordinary	CFD	Reducing a long position	44	12.3088 GBP
5p ordinary	CFD	Reducing a short position	3,015	12.3102 GBP
5p ordinary	CFD	Reducing a long position	159	12.3131 GBP
5p ordinary	CFD	Increasing a short position	121	12.3214 GBP
5p ordinary	CFD	Increasing a short position	483	12.3217 GBP
5p ordinary	CFD	Reducing a long position	18,809	12.3248 GBP
5p ordinary	CFD	Increasing a short position	348	12.3290 GBP
5p ordinary	CFD	Opening a long position	119,063	12.3315 GBP
5p ordinary	CFD	Reducing a short position	1,829	12.3374 GBP
5p ordinary	CFD	Opening a long position	177,874	12.3377 GBP
5p ordinary	CFD	Increasing a long position	3,638	12.3385 GBP
5p ordinary	CFD	Reducing a short position	11,869	12.3391 GBP
5p ordinary	CFD	Increasing a short position	35,092	12.3408 GBP
5p ordinary	CFD	Reducing a short position	26,503	12.3419 GBP
5p ordinary	CFD	Opening a short position	145,971	12.3424 GBP
5p ordinary	CFD	Reducing a short position	1,504	12.3424 GBP
5p ordinary	CFD	Reducing a short position	1,451	12.3424 GBP
5p ordinary	CFD	Opening a short position	1,504	12.3424 GBP
5p ordinary	CFD	Opening a short position	8,145	12.3424 GBP
5p ordinary	CFD	Reducing a short position	7,778	12.3424 GBP
5p ordinary	CFD	Opening a short position	1,451	12.3424 GBP
5p ordinary	CFD	Reducing a short position	3,955	12.3424 GBP
5p ordinary	CFD	Reducing a short position	2,831	12.3424 GBP
5p ordinary	CFD	Reducing a short position	145,971	12.3424 GBP
5p ordinary	CFD	Opening a short position	3,955	12.3424 GBP
5p ordinary	CFD	Reducing a short position	8,145	12.3424 GBP
5p ordinary	CFD	Opening a short position	2,831	12.3424 GBP
5p ordinary	CFD	Opening a short position	7,778	12.3424 GBP
5p ordinary	CFD	Reducing a short position	32,099	12.3429 GBP
5p ordinary	CFD	Increasing a short position	7,748	12.3434 GBP
5p ordinary	CFD	Increasing a short position	36,406	12.3462 GBP
5p ordinary	CFD	Reducing a short position	107	12.3472 GBP
5p ordinary	CFD	Increasing a short position	1,524	12.3529 GBP
5p ordinary	CFD	Reducing a long position	1,610	12.3552 GBP
5p ordinary	CFD	Reducing a long position	17,902	12.3552 GBP
5p ordinary	CFD	Reducing a long position	6,846	12.3552 GBP
5p ordinary	CFD	Reducing a short position	11,800	12.3693 GBP
5p ordinary	CFD	Increasing a short position	198	12.3701 GBP
5p ordinary	CFD	Increasing a short position	22,607	12.3748 GBP
5p ordinary	CFD	Reducing a short position	12,182	12.3753 GBP
5p ordinary	CFD	Reducing a short position	248	12.3772 GBP
5p ordinary	CFD	Reducing a short position	49	12.3838 GBP
5p ordinary	CFD	Reducing a short position	188	12.3875 GBP
5p ordinary	CFD	Increasing a short position	1,203	12.3930 GBP
5p ordinary	CFD	Increasing a short position	12,500	12.3962 GBP
5p ordinary	CFD	Reducing a short position	32,175	12.3975 GBP
5p ordinary	CFD	Reducing a short position	224	12.4001 GBP
5p ordinary	CFD	Opening a short position	95,281	12.4010 GBP
5p ordinary	CFD	Increasing a short position	2,820	12.4043 GBP
5p ordinary	CFD	Reducing a short position	10,244	12.4045 GBP
5p ordinary	CFD	Increasing a short position	12,500	12.4099 GBP
5p ordinary	CFD	Increasing a short position	35,716	12.4175 GBP
5p ordinary	CFD	Reducing a short position	843	12.4235 GBP
5p ordinary	CFD	Reducing a short position	3,836	12.4250 GBP
5p ordinary	CFD	Increasing a short position	1,875	12.4375 GBP
5p ordinary	CFD	Increasing a short position	5,000	12.4375 GBP
5p ordinary	CFD	Increasing a short position	21,721	12.4533 GBP
5p ordinary	CFD	Increasing a short position	1,875	12.4536 GBP
5p ordinary	CFD	Increasing a short position	5,000	12.4536 GBP
5p ordinary	CFD	Increasing a short position	1,504	16.8288 USD
5p ordinary	CFD	Increasing a short position	145,971	16.8288 USD
5p ordinary	CFD	Increasing a short position	2,831	16.8288 USD
5p ordinary	CFD	Increasing a short position	7,778	16.8288 USD
5p ordinary	CFD	Increasing a short position	8,145	16.8288 USD
5p ordinary	CFD	Increasing a short position	3,955	16.8288 USD
5p ordinary	CFD	Increasing a short position	1,451	16.8288 USD
5p ordinary	SWAP^	Increasing a long position	600,894	12.3700 GBP

^Please note this product is part of a basket of securities for which BEAZLEY PLC is a component

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising / exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

3.         OTHER INFORMATION

(a)        Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

NONE

Date of disclosure:	16 February 2026
Contact name:	Papa Lette and Andrzej Szyszka
Telephone number:	[phone] / [phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END