Stabilisation Notice

Catlin Group Limited
01 April 2004


Stabilisation Notice


Pursuant to Core Dealing Rule 3060-3061, UBS Limited hereby notifies the London
Stock Exchange that it and its affiliates may stabilise the initial public
offering of 47,440,000 shares of Catlin Group Limited.


1.      Security to be stabilised: Catlin Group Limited

2.      Security Identifier: BMG196F11004

3.      Stabilising Manager: UBS Limited (Philip Shelley [phone])

4.      Stabilisation period commences 1st April 2004 at 08:00 London time

5.      Stabilisation period ends: 30th April 2004 at close of business

6.      Offer price: 350 pence per share

7.      There will be an over-allotment option of 15% (corresponding to
        7,120,000 shares)


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