Hardy Underwriting Group PLC : Director/PDMR Shareholding

Date:	2 April 2012
On behalf of:	Hardy Underwriting Bermuda Limited ("Hardy" or "the Company")
	For immediate release

HARDY UNDERWRITING BERMUDA LIMITED

Notification of Interests of Directors and other PDMRs following the vesting of share-based awards

This notification is intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4.

The Hardy Underwriting Bermuda Deferred Annual Bonus Scheme ("DAB")

Vesting of 2009 DAB Awards

The following deferred awards made under the 2009 DAB scheme vested on 2 April 2012, but as the performance criteria were not met, the matching share awards did not vest.

Name	Deferred Shares
Director
Patrick Gage	56,181
Jamie MacDiarmid	31,212
Barbara Merry	62,424

Updated Shareholdings as at 2 April 2012

Name	Shareholdings as at 2 April 2012	% Interest in Company
Director
Patrick Gage	173,669 Common 20p shares	0.35
Jamie MacDiarmid	113,261  Common 20pshares	0.23
Barbara Merry	563,736  Common 20p shares	1.12

Shareholdings above include Deferred Annual Bonus awards.

Enquiries to:

Hardy Underwriting Bermuda Limited	Tel: [phone]
Jamie MacDiarmid	Tel: [phone]
Redleaf Polhill	[e-mail]
Emma Kane	Tel: [phone]