Director Shareholding

Beazley Group PLC
30 March 2004


BEAZLEY GROUP PLC
GRANT OF SHARE OPTIONS TO DIRECTORS

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 29 March 2004
to the undermentioned Directors. References to 'Scheme' are as follows:

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

Director   Scheme       No of share  Exercise  Total Number of share options
                        options      Price     held following notification

A F        Unapproved       82,500        96p
Beazley
           L-Tip            27,500         -                         1,616,381


N H        Approved         31,250        96p
Furlonge
           Unapproved       25,000        96p
           L-Tip            18,750         -                           704,361


J G Gray   Approved         31,250        96p
           Unapproved       32,500        96p
           L-Tip            21,250         -                         1,175,855


N P        Approved         31,250        96p
Maidment
           Unapproved       32,500        96p
           L-Tip            21,250         -                         1,227,113


D A        Approved              1        96p
Horton
           Unapproved       63,749        96p
           L-Tip            21,250         -                           332,524


J G B      Approved         31,250        96p
Rowell
           Unapproved       32,500        96p
           L-Tip            21,250         -                           952,490


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
L-Tip Schemes is from 29 March 2007 to 28 March 2014.

Contact:
Jeremy Gorman
Company Secretary
020 7935 0027



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