Trading Statement

Beazley Group PLC
23 August 2005


23 August 2005

                               Beazley Group plc
                               Trading Statement


Beazley Group plc ('Beazley'), one of the Lloyd's market leaders, announces a
trading update for the six months to 30 June 2005.

The Board believes that the Group's half-year results will be materially ahead
of expectations mainly due to the effect of reporting under International
Financial Reporting Standards (IFRS). It is anticipated that pre-tax profit for
the group for the first half of 2005 will be no less than £35million.

As noted in our AGM trading statement on the 20th June, underwriting
conditions have generally remained favourable.

Andrew Beazley, Chief Executive, said: 'Beazley's performance in the first half
has been strong which, when combined with the impact of the new accounting
standards, will deliver excellent results for the first half. However, due to
the potential additional volatility within the results when reporting under IFRS
and the fact we are in the midst of the hurricane season, it would be incorrect
to assume that the results of the first half will be repeated in the second
half.'

Beazley will announce its interim results for the period ended 30 June 2005 on
Wednesday 7 September 2005.


Beazley                            Tel: [phone]
Andrew Horton

Finsbury                           Tel: [phone]
Simon Moyse
Amanda Lee




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