Exercise of LTIP's

Beazley Group PLC
29 June 2007




Press Release

Beazley Group Plc - Exercise of Long Term Incentive Plan Options (LTIP's)

                                                                  29th June 2007





On 29th June 2007 Neil Maidment exercised LTIP's that had vested and sold
interests in ordinary shares.

+-----------+-----------+----------+--------+------------+--------+
|           |Option     |Options   |Shares  |Current     |%       |
|           |Scheme and |exercised |Sold    |shareholding|Holding |
|           |date of    |          |        |            |        |
|           |grant      |          |        |            |        |
+-----------+-----------+----------+--------+------------+--------+
|N P        |LTIP 29th  |    15,331|  7,483-|   2,966,099|   0.81%|
|Maidment   |March 2004 |          |        |            |        |
+-----------+-----------+----------+--------+------------+--------+



The exercise price for the LTIP's was nil and the shares were sold at an average
price of 145.75p per share.


The LTIP's were awarded in March 2004. These options had performance conditions
relating to the growth in the asset value and comparative Total Shareholders
Return during the measurement period. The performance conditions were measured
in March 2007 and approximately 70% of the shares have now vested. The Director
has taken this opportunity to sell sufficient shares to fund the tax liabilities
that have arisen on exercise.





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