Director/PDMR Shareholding

Catlin Group Limited
15 September 2006



NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL 
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required 
by DR 3.1.4R(1).

(1)  An issuer making a notification in respect of a transaction relating 
     to the shares or debentures of the issuer should complete boxes 1 to 
     16, 23 and 24.
(2)  An issuer making a notification in respect of a derivative relating 
     the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14, 
     16, 23 and 24.
(3)  An issuer making a notification in respect of options granted to a 
     director/person discharging managerial responsibilities should 
     complete boxes 1 to 3 and 17 to 24.
(4)  An issuer making a notification in respect of a financial instrument 
     relating to the shares of the issuer (other than a debenture) should 
     complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.


Please complete all relevant boxes in block capital letters.

1. Name of the issuer

   Catlin Group Limited


2. State whether the notification relates to (i) a transaction notified in 
   accordance with 

   (i)  DR 3.1.4R(1)(a); or

   (ii) DR 3.1.4R(1)(b) a disclosure made in accordance with section 324 
    (as extended by section 328) of the Companies Act 1985; or

   (iii) both (i) and (ii)


   (i) a transaction notified in accordance with DR 3.1.4R (1)(a)


3. Name of person discharging managerial responsibilities/director

   Jonathan Kelly


4. State whether notification relates to a person connected with a person 
   discharging managerial  responsibilities/director named in 3 and identify 
   the connected person

   Capital Z Catlin Investment, Ltd and Capital Z Catlin Private Investment, 
   Ltd, (together' Capital Z') being entities connected to Jonathan Kelly


5. Indicate whether the notification is in respect of a holding of the person 
   referred to in 3 or 4 above or in respect of a non-beneficial interest

   Capital Z


6. Description of shares (including class), debentures or derivatives or 
   financial instruments relating to shares

   Common shares of $0.01 each


7. Name of registered shareholders(s) and, if more than one, the number of 
   shares held by each of them

   Registered Name                                         Shares Held
   Capital Z Catlin Investment, Ltd                          7,065,689
   Capital Z Catlin Private Investment, Ltd                     37,636
   Grand Total Common Shares                                 7,103,325


8. State the nature of the transaction

   Disposal of shares


9. Number of shares, debentures or financial instruments relating to shares 
   acquired

   N/A


10. Percentage of issued class acquired (treasury shares of that class should 
    not be taken into account when calculating percentage)

    N/A


11. Number of shares, debentures or financial instruments relating to shares 
   disposed

    Registered Name                                       Shares Disposed
    Capital Z Catlin Investment, Ltd                            5,669,800
    Capital Z Catlin Private Investment, Ltd                       30,200
    Grand Total Common Shares                                   5,700,000


12. Percentage of issued class disposed (treasury shares of that class should 
    not be taken into account when calculating percentage)

    3.48%


13. Price per share or value of transaction

    470 pence per share


14. Date and place of transaction

    14 September 2006, London


15. Total holding following notification and total percentage holding following 
    notification (any treasury shares should not be taken into account when 
    calculating percentage)

    7,103,325 4.34%


16. Date issuer informed of transaction

    14 September 2006


If a person discharging managerial responsibilities has been granted options by 
the issuer complete the following boxes


17. Date of grant

    N/A


18. Period during which or date on which it can be exercised

    N/A


19. Total amount paid (if any) for grant of the option
  
    N/A


20. Description of shares or debentures involved (class and number)

    N/A

21. Exercise price (if fixed at time of grant) or indication that price is to 
    be fixed at the time of exercise

    N/A

22. Total number of shares or debentures over which options held following 
   notification

    N/A

23. Any additional information

    Capital Z together with Capital Z Investments L.L.C holds warrants to 
    purchase 5,885,591 common shares.

This announcement relates to the same arrangements described in the Notification
of Major Share Interests in Shares  announcement made earlier today.


24. Name of contact and telephone number for queries

    William Spurgin      020 7626 0486


Name and signature of duly authorised officer of issuer responsible for making
notification Nicola Perera, Assistant Company Secretary

Date of notification
15 September 2006




                      This information is provided by RNS
            The company news service from the London Stock Exchange