Director Shareholding

Beazley Group PLC
17 June 2003

BEAZLEY GROUP PLC

GRANT OF SHARE OPTIONS TO DIRECTOR

The Board of Beazley Group plc announces that the following grants of share
options over the Company's Ordinary shares of 5p have been made on 13th June
2003 to the undermentioned Director. References to 'Scheme' are as follows:

Beazley Group plc Unapproved Share Option Plan ('Unapproved')
Beazley Group plc Approved Share Option Plan ('Approved')
Beazley Group plc Long-Term Incentive Plan ('LTIP')


Director                   Scheme             No of share      Exercise Price       Total Number of share options
                                              options                               held following notification
                                                                £
Andrew Horton              Approved                     29,702                 1.01
                           Unapproved                  155,941                 1.01
                           LTIP                         61,881                    0
TOTAL                                                                                                      247,524



In all cases there was no consideration for the grant of the option.



The exercise period in respect of the grants under the Approved, Unapproved and
LTIP Schemes is from 13th June 2006 to 12th June 2013.



Contact:



Jeremy Gorman
Company Secretary
020 7935 0027


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