Grant of Share Incentives

Beazley Group PLC
23 March 2005


                                                                   22 March 2005



                               Beazley Group plc

                     Grant of Share Incentives to Directors
                                       and
              Purchase of Shares by Beazley Employee Benefit Trust

The Board of Beazley Group plc announces that the following grants of share
incentives over the Company's ordinary shares of 5p were made on 21 March 2005
to the undermentioned Directors.  These awards have been made under the schemes
detailed in the circular to shareholders dated 21 February 2005.

The share incentives under the current awards comprise the following schemes:

Beazley Group plc Retention Plan - ('Retention Plan')
Beazley Group plc Long Term Incentive Plan - ('LTIP')

Awards have previously been made under the Beazley Group plc Approved Share
Option Plan, the Beazley Group plc Unapproved Share Option Plan and the Beazley
Group plc Pre-IPO Plan.  No further awards are anticipated to be made under
these three plans.

      Director               Scheme          No. of Shares   Exercise Price         Total number of share
                                                                                incentives held following
                                                                                             notification

A F Beazley           Retention Plan                 112,359              -                     1,904,544
                      LTIP                           140,449              -
N H Furlonge          Retention Plan                  28,089              -                       932,514
                      LTIP                           184,831              -
J G Gray              Retention Plan                  84,269              -                     1,476,590
                      LTIP                           190,730              -
D A Horton            Retention Plan                  95,505              -                       637,634
                      LTIP                           189,606              -
N P Maidment          Retention Plan                  84,269              -                     1,524,643
                      LTIP                           186,404              -
J G B Rowell          Retention Plan                  84,269              -                     1,267,730
                      LTIP                           210,112              -

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

The exercise price in respect of grants under the LTIP scheme is from 21 March
2008 to 21 March 2015.

The Board of the Beazley Group plc also announces that the Beazley Group plc
Employee Benefit Trust acquired 1,840,396 ordinary shares of 5p each in the
Company (0.5% of the issued share capital) at a cost of 88.5p per share on 21
March 2005.  These shares will be used to fulfil the awards that have been made
under the Retention Plan.

Contact
Arthur Manners
Company Secretary                0207  667  0623


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