RNS Number:4424T
Benfield Group Limited
18 December 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



As part of the Employee Share Facility which was put in place today by Benfield
to coincide with the first release of Employee Lock-Ups following the successful
IPO in June 2003, the following Directors participated:



-           Rod Fox

-           Andrew MacDonald

-           David Spiller





1. Name of company


Benfield Group Limited



2. Name of director


Rod Fox (i)

David Spiller (ii)

Andrew MacDonald (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


For David Spiller the shares are held in a trust on behalf of his children



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 - 7,863,115 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 - 1,508,100 shares

iii) Andrew MacDonald - 1,500,570 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)


n/a



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


Share Sale



7. Number of shares / amount of stock acquired


n/a



8. Percentage of issued class


n/a



9. Number of shares/amount of stock disposed


i)                    576,923 shares

ii)                  576,923 shares

iii)                375,000 shares



10. Percentage of issued class


i)                    0.24%

ii)                  0.24%

iii)                0.15%



11. Class of security


Common Shares of #0.01 Each



12. Price per share


#2.60 per share



13. Date of transaction


18 December 2003



14. Date company informed


18 December 2003



15. Total holding following this notification


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) Andrew MacDonald - 1,125,570 shares





16. Total percentage holding of issued class following this notification


i)                    3.43%

ii)                  1.28%

iii)                0.46%



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



17. Date of grant






18. Period during which or date on which exercisable






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






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






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






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






23. Any additional information






24. Name of contact and telephone number for queries






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






Date of Notification






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                      This information is provided by RNS
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END

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