BFD Benfield Group

RNS Number:5038R
Benfield Group Limited
20 September 2005


  This announcement replaces the Directors Shareholding announcement which was
 released today at 9.52am under RNS number 4833R. The share sale figure and the
    total holding and percentage after notification for Paul Karon have been
                                    amended.

                      All other details remain unchanged.


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

As part of the Benfield Common Share Dealing Facility which was put in place
today by Benfield Group to coincide with the third release of Employee Lock-Ups
following the IPO in June 2003, the following Directors participated:
     
-    John Coldman
-    Dominic Christian
-    Paul Karon

Paul Karon has also 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.


1. Name of company

Benfield Group Limited


2. Name of director
     
(i)  John Coldman
(ii) Dominic Christian
(iii)Paul Karon


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 or in respect of a non-beneficial
interest
     
(i)  Beneficial
(ii) Beneficial
(iii)Beneficial


4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
     
(i)  John Coldman - 14,875,000 shares
(ii) Dominic Christian - 357,568 shares
(iii)Paul Karon

     - Paul Karon -1,974,730 shares
     - Paul and Sarah Karon Family Limited Partnership - 505,000 shares


5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)


6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Sale of Common Shares of Benfield Group Limited


7. Number of shares / amount of stock acquired

Not applicable


8. Percentage of issued class

Not applicable


9. Number of shares/amount of stock disposed
     
i)   John Coldman      -  750,000 shares sold
ii)  Dominic Christian -  177,831 shares sold
iii) Paul Karon

     - 1,187,365 shares sold by Paul Karon

     - 52,500 shares transferred to The Karon Family Foundation, Inc, a 
       charitable foundation to which neither Mr Karon nor any of his associates      
       is a beneficiary


10. Percentage of issued class
     
i)   John Coldman - 0.32%
ii)  Dominic Christian - 0.08%
iii) Paul Karon - 0.53%


11. Class of security

Common Shares of #0.01 each


12. Price per share

#2.92 per share*


*NB Not applicable to the transfer of shares to The Karon Family Foundation, Inc


13. Date of transaction

20 September 2005


14. Date company informed

20 September 2005


15. Total holding following this notification
     
(i)  John Coldman      -  14,125,000 shares
(ii) Dominic Christian - 179,737 shares
(iii)Paul Karon

     - Paul Karon - 734,865 shares
     - Paul and Sarah Karon Family Limited Partnership - 505,000 shares
     - The Karon Family Foundation Inc - 52,500 shares*

* Non-beneficial holding


16. Total percentage holding of issued class following this notification
     
i)   John Coldman - 6.00%
ii)  Dominic Christian - 0.08%
iii) Paul Karon - 0.55%


If a director has been granted options by the company please complete the
following boxes.


17. Date of grant

n/a


18. Period during which or date on which exercisable

n/a


19. Total amount paid (if any) for grant of the option

n/a


20. Description of shares or debentures involved: class, number

n/a


21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise

n/a


22. Total number of shares or debentures over which options held following this
notification

n/a


23. Any additional information




24. Name of contact and telephone number for queries

Jenny Hermon - 0207 522 4040


25. Name and signature of authorised company official responsible for making
this notification

Michael Cain - Head of Company Secretariat


Date of Notification

20 September 2005


The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


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