RNS Number:9650X
Benfield Group Limited
23 April 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS





1. Name of company


Benfield Group Limited



2. Name of director


Rod Fox (i)

David Spiller (ii)

Grahame Chilton (iii)



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


Director named in 2 above



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)   Rod Fox

- Rodman Reeder Fox - 7,286,192 shares

- RRFox II LP - 515,000 shares

- RRFox LP - 505,000 shares

ii)  David Spiller

-          David Hutchinson Spiller - 2,107,752 shares

-          Mrs Unni Spiller - 65,045 shares

-          HSBC Global Custody Nominee (UK) Ltd 813740 acct - 931,177 shares

iii) Grahame Chilton - 21,875,000 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)


No



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


Purchase and Award of Matching shares under the 2003 Performance Incentive Plan



7. Number of shares / amount of stock acquired


i)                    21,062 shares purchased, with 21,062 Matching Awards granted on 23 April 2004

ii)                  43,460 shares purchased, with 43,460 Matching Awards granted on 23 April 2004

iii)                76,247 shares purchased, with 76,247 Matching Awards granted on 23 April 2004.



8. Percentage of issued class


In respect of Purchased shares:

i)         0.0086%

i)                    0.0179%

ii)                  0.0314%



9. Number of shares/amount of stock disposed


n/a



10. Percentage of issued class


      n/a



11. Class of security


Common Shares of #0.01 Each



12. Price per share


#2.61 per share for Purchased shares



13. Date of transaction


19 April 2004



14. Date company informed


20 April 2004



15. Total holding following this notification


i)   Rod Fox

- Rodman Reeder Fox - 7,307,254 shares

- RRFox II LP - 515,000 shares

- RRFox LP - 505,000 shares

ii)  David Spiller

-          David Hutchinson Spiller - 2,151,212 shares

-          Mrs Unni Spiller - 65,045 shares

-          HSBC Global Custody Nominee (UK) Ltd 813740 acct - 931,177 shares

iii) Grahame Chilton - 21,951,247 shares





16. Total percentage holding of issued class following this notification


i)                    3.43%

ii)                  1.29%

iii)                9.05%



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



17. Date of grant


23 April 2004



18. Period during which or date on which exercisable


23 April 2007



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


Nil



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


Common Shares of 1p Each



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


Nil



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


i)                    Nil

ii)                  918,460 Share Awards

iii)                Nil



23. Any additional information


The Matching shares will vest on 23 April 2007 provided that:

  * The Purchased shares are retained until the 23rd April 2007;
  * The Director remains an employee of the Group;

*         The Matching common shares would only vest in full if the percentage growth in the Group's normalised
Earnings Per Share ("EPS") (before goodwill amortisation) over the three-year performance period exceeds the percentage
growth in the retail price index ("RPI") over that period by 18%.  If growth in the Group's normalised EPS is less than
9% in excess of RPI during that three year period, no matching common shares will vest.  If growth in the Group's
normalised EPS is between 9% and 18% in excess of the RPI for that three year period then the matching common shares
will only vest on a pro rata basis.





24. Name of contact and telephone number for queries


Paul Waters 0207 522 3806



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


Paul Waters - Company Secretary



Date of Notification


23 April 2004



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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