Grant of Share Incentives

Beazley Group PLC
22 March 2006



                                                                   22 March 2006

                               Beazley Group plc

                  Grant of Share Incentives to Directors/PDMR

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 2006
to the undermentioned Directors/PDMR.

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   | Exercise |  Total number of   |
|               |               |  Shares   |  Price   |  share incentives  |
|               |               |           |          |   held following   |
|               |               |           |          |    notification    |
+---------------+---------------+-----------+----------+--------------------+
|A F Beazley    |Retention Plan |    222,831|         -|           2,179,710|
|               |LTIP           |    133,698|         -|                    |
+---------------+---------------+-----------+----------+--------------------+
|N H Furlonge   |Retention Plan |     70,781|         -|           1,043,281|
|               |LTIP           |     70,781|         -|                    |
+---------------+---------------+-----------+----------+--------------------+
|J G Gray       |Retention Plan |    135,341|         -|           1,674,068|
|               |LTIP           |    101,506|         -|                    |
+---------------+---------------+-----------+----------+--------------------+
|D A Horton     |Retention Plan |    117,968|         -|             844,078|
|               |LTIP           |     88,476|         -|                    |
+---------------+---------------+-----------+----------+--------------------+
|N P Maidment   |Retention Plan |     91,317|         -|           1,645,953|
|               |LTIP           |     68,487|         -|                    |
+---------------+---------------+-----------+----------+--------------------+
|J G B Rowell   |Retention Plan |    162,186|         -|           1,511,311|
|               |LTIP           |    121,639|         -|                    |
+---------------+---------------+-----------+----------+--------------------+

+---------------+---------------+-----------+----------+--------------------+
|     PDMR      |    Scheme     |  No. of   | Exercise |  Total number of   |
|               |               |  Shares   |  Price   |  share incentives  |
|               |               |           |          |   held following   |
|               |               |           |          |    notification    |
+---------------+---------------+-----------+----------+--------------------+
|C A Washbourn  |Retention Plan |    120,241|         -|           1,252,114|
|               |LTIP           |     90,181|         -|                    |
+---------------+---------------+-----------+----------+--------------------+

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
2009 to 21 March 2016.

Contact
Arthur Manners
Company Secretary 020 7667 0623



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