Holding(s) in Co (correction)

Catlin Group Limited
03 March 2005



CATLIN GROUP LIMITED

FURTHER CORRECTION OF PREVIOUS REGULATORY ANNOUNCEMENT REGARDING HOLDING IN
COMPANY

By regulatory announcement dated 28 February 2005, Catlin Group Limited
('Catlin') reported that it had been notified that J.P.Morgan Chase & Co
('JPMCC') has a holding of under 3%. On 2 March 2005, Catlin was notified that
this was not correct and that JPMCC has an interest in 21,994,797 common shares
(14.27%), comprising 241,448 shares (0.16%) held by J.P.Morgan Fleming Asset
Management (UK) Limited, 4,002,616 shares held by J.P.Morgan Capital LP (2.59%)
and 17,750,733 shares (11.52%) held by J.P.Morgan Corsair II Capital Partners
Bermuda Ltd ('Corsair Bermuda'). The holdings of J.P.Morgan Capital LP and
Corsair Bermuda (aggregating 21,753,349 shares, 14.11%) existed prior to the
Company's listing in April 2004 and have not changed since the exercise of the
over-allotment option announced on 8 April 2004.




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