Holding(s) in Company

16th January 2009

Schedule 10

Notification of Major Interests in Shares

1.

Name of company

Beazley Group plc

2.

Name of shareholder having a major interest

JP Morgan Chase & Co

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

JP Morgan Investment Management Inc

436,999

JP Morgan Asset Management (UK) Limited

17,026,626

JP Morgan Chase Bank N.A.

71,165

JF Asset Management (Taiwan) Limited

251,255

5.

Number of shares/amount of stock acquired

796,243

6.

Percentage of issued class

0.2%

7.

Number of shares/amount of stock disposed

N/A

8.

Percentage of issued class

N/A

9.

Class of security

Ordinary share of 5p

10. 

Date of transaction

13th January 2009

11.

Date company informed

14th January 2009

12.

Total holding following the notification

17,786,045

13.

Total percentage holding of issued class following this notification

5.09%

14.

Any additional information

Position notified as at 14th January 2009

15.

Name of contact and telephone number for queries

A R Manners 020 7667 0623

16.

Name and signature of authorized company official responsible for making this notification

Arthur Manners, Company Secretary

Date of notification - 16th January 2009