Holding(s) in Company

Beazley Group PLC
15 December 2004


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

BEAZLEY GROUP PLC

2) Name of shareholder having a major interest

Standard Life Investments

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

As 2

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Not disclosed

5) Number of shares/amount of stock acquired

N/A

6) Percentage of issued class

N/A

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A

9) Class of security

Ordinary shares of 5p

10) Date of transaction

Not disclosed

11) Date company informed

15 December 2004

12) Total holding following this notification

Not disclosed - less than 3%

13) Total percentage holding of issued class following this notification

Less than 3%

14) Any additional information

Reduction in percentage shareholding results from the increase in issued share
capital of Beazley Group plc following the Rights Issue

15) Name of contact and telephone number for queries

J P Gorman 020 7935 0027

16) Name and signature of authorised company official responsible for
making this notification

Jeremy Gorman, Company Secretary

Date of notification ...15 December 2004.....



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