Director/PDMR Shareholding

Catlin Group Limited
17 March 2008


Catlin Group Limited

14 March 2008


                      CATLIN GROUP LIMITED (the 'Company')
 DIRECTORS' AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES' SHAREHOLDINGS


It is announced that the Company has been notified that directors and persons
discharging managerial responsibilities ('PDMR') have exercised options and been
issued Common Shares in Catlin Group Limited ('Shares') as detailed below. The
options were granted in 2005 under the Company's Performance Share Plan ('PSP')
and vested on 11 March 2008 as a result of achieving the performance condition
under the PSP.



Name           Status         Number of PSP   Shares issued        Date of       Date of
                                    options                       exercise   Notification
                                  exercised

Stephen Catlin Director               65,706         65,706       11.03.08       13.03.08

Christopher    Director               47,551         47,551       14.03.08       14.03.08
Stooke

Paul Brand     Person                 47,551         47,551       14.03.08       14.03.08
               discharging
               managerial
               responsibilities

Paul Jardine   Person                 47,415         47,415       12.03.08       13.03.08
               discharging
               managerial
               responsibilities



The PSP awards have a nil exercise price.

Upon exercise, the following individual sold Shares as set forth below:

Name           Status              Number of         Price of  Date Shares        Date of
                                 Shares sold    c Shares sold         Sold   Notification

Christopher    Director               19,741   425p per Share     14.03.08       14.03.08
Stooke

Paul Jardine   Person                 19,741   419p per Share     12.03.08       13.03.08
               discharging
               managerial
               responsibilities



Upon vesting of PSP awards, participants are also entitled to Shares equal in
value to the dividends accrued from the date of the award to the date of
exercise on the Shares underlying the award ('Dividend Shares'). Participants
receive the Dividend Shares upon the exercise of their options. Dividend Shares
are purchased in the market on or around the date that dividends are paid on
Shares and are held by the Catlin Group Limited Employee Benefit Trust ('EBT').
As a result of the exercise of options described above the directors and PDMRs
have received the following Dividend Shares:

Name                          Number of Dividend Shares

Stephen Catlin                                    7,805

Christopher Stooke                                5,684

Paul Brand                                        5,684

Paul Jardine                                      5,591


The Company has also received notifications today that the trustees of the EBT
have acquired Shares as detailed below:

Number of Shares purchased   Average price paid            Date of purchase
                   145,555   407p per Share                10 March 2008
                   320,224   409p per Share                11 March 2008
                   620,150   425p per Share                13 March 2008


Those Shares will be used to satisfy awards under the Group's share schemes
including the PSP. The individuals listed above, together with two other PDMRs (
Richard Banas and Preben Prebensen) all have a potential interest in those
shares to the extent of their previously announced awards under the PSP.

The purchase and sale of Shares takes place over the London Stock Exchange. This
announcement is made in accordance with Disclosure Rule 3.1.4 R (1)(a).




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