BFD Benfield Group

RNS Number:4830R
Benfield Group Limited
20 September 2005

RNS Announcement

20 September 2005



                             BENFIELD GROUP LIMITED

           Common Share Dealing Facility & Accelerated Global Tender



Benfield Group Limited ('Benfield' or the 'Company'), the reinsurance
intermediary, today announces that employee shareholders and Directors have sold
11,930,834 common shares (the 'Shares') as part of the Company's Common Share
Sale Facility referred to in its announcement of 8 September 2005. The shares
were placed in the market by Merrill Lynch International on 20 September 2005 at
a price of 292p following completion of an accelerated book building process.



The number of Shares sold in the Common Share Sale Facility includes 2,115,331
Shares sold by Directors and their connected persons. The following Directors
participated in the Common Share Sale Facility and sold the following number of
Shares:



-                      John Coldman       -     750,000 shares

-                      Dominic Christian  -     177,831 shares

-                      Paul Karon         -   1,187,500 shares





In addition, Paul Karon has today transferred 52,500 Share to The Karon Family
Foundation, Inc, a charitable foundation to which neither Mr Karon nor any of
his connected persons is a beneficiary.





For further information, please contact:


Investors & Analysts
Julianne Jessup             Benfield                       +44 (0)20 7578 7000
Robert Bailhache            Financial Dynamics             +44 (0)20 7269 7200


Media
David Bogg                  Benfield                       +44 (0)20 7578 7000
Peter Rigby                 Haggie Financial               +44 (0)20 7417 8989


Benfield is the world's leading independent reinsurance and risk intermediary.
Its customers include many of the world's major insurance and reinsurance
companies as well as government entities and global corporations.   Benfield
operates from more than 30 locations worldwide. The company is listed on the
London Stock Exchange under the ticker symbol BFD.  www.benfieldgroup.com



This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities.  Neither this
announcement nor the information contained herein is an offer of securities for
sale in the United States or in any other jurisdiction.  The securities referred
to herein 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 absent registration under the Securities Act or an applicable
exemption from registration.  No public offering of the securities referred to
herein will be made in the United States, the United Kingdom or elsewhere.

Merrill Lynch International has been and will be acting for the Company in
connection with the Common Share Dealing Facilities and no one else and will not
be responsible to anyone other than the Company for providing the protections
offered to its clients nor for providing advice in relation to the above
transaction.  No representation or warranty, express or implied, is or will be
made as to, or in relation to, and no responsibility or liability is or will be
accepted by Merrill Lynch International or by any of its respective officers,
servants or agents as to or in relation to the accuracy or completeness of this
release, or any other written or oral information made available to any
interested party or its advisers and any liability therefore is hereby expressly
disclaimed.







                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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