Result of Placing

Catlin Group Limited
09 March 2006

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States, Canada, Australia, Japan, South Africa
or any jurisdiction in which the same would be unlawful.

9 March 2006


                              Catlin Group Limited

                               Result of Placing


Catlin Group Limited ('Catlin' or the 'Group'), is pleased to announce that,
further to this morning's announcement of a proposed Placing, 7,704,900 new
common shares of US$0.01 each have been successfully placed by JPMorgan Cazenove
Limited ('JPMorgan Cazenove') acting as Sole Bookrunner and Joint Lead Manager
and UBS Limited ('UBS' or 'UBS Investment Bank') acting as Joint Lead Manager.
Following the accelerated bookbuilding process, the Placing Price has been set
at 500 pence per share, raising approximately £38 million, net of expenses.


Application has been made for admission of the Placing Shares to listing on the
Official List of the UK Listing Authority and to trading on the London Stock
Exchange's market for listed securities (together, 'Admission'). It is expected
that Admission will become effective and dealings in the Placing Shares will
commence no later than 8.00 a.m. on 14 March 2006.


The Placing is conditional upon the matters specified in this morning's
announcement of the proposed Placing, including upon Admission becoming
effective by 8.00 a.m. on 14 March 2006 (or such later time and or date as the
Managers and Catlin may agree). Subject to these conditions being satisfied, the
Placing Shares will be issued credited as fully paid and will rank pari passu in
all respects with Catlin's existing common shares, including the right to
receive all future dividends and other distributions declared, made or paid
after the date of issue of the Placing Shares including (without limitation) the
final dividend referred to in the Company's preliminary results announcement of
earlier today. It is expected that settlement by Placees will take place on 14
March 2006.



Enquiries:

Catlin                                          JPMorgan Cazenove
Media Relations:                                Tim Wise
James Burcke, Head of Communications            Conor Hillery
Tel: [phone]                        Tel: [phone]
Mobile: [phone]
E-mail:[e-mail]

Liz Morley, The Maitland Consultancy            UBS Investment Bank
Tel: [phone]                        Phil Shelley
E-mail:[e-mail]                   Tel: [phone]

Investor Relations
William Spurgin, Head of Investor Relations
Tel: [phone]
Mobile: [phone]
E-mail:[e-mail]



This announcement has been issued by, and is the sole responsibility of, Catlin.

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States, Canada, Australia, Japan, South Africa
or any jurisdiction in which the same would be unlawful. This announcement is
for information only and does not constitute an offer or invitation to acquire
or dispose of Shares in the United States or any jurisdiction in which the same
would be unlawful. The shares have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be
offered or sold in the United States except pursuant to an exemption from, or in
a transaction not subject to, the requirements of the Securities Act. There will
be no public offer of Shares in the United States, the United Kingdom or
elsewhere.

JPMorgan Cazenove, which is authorised and regulated by the FSA, is acting for
the Company in connection with the Placing and no one else and will not be
responsible to anyone other than the Company for providing the protections
afforded to clients of JPMorgan Cazenove nor for providing advice in relation to
the Placing.

UBS which is acting for the Company in connection with the Placing and no one
else and will not be responsible to anyone other than the Company for providing
the protections afforded to clients of UBS nor for providing advice in relation
to the Placing.




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