Hardy Underwriting Group PLC : All Employee Share Incentive Plan

Date:	11 January 2012
On behalf of:	Hardy Underwriting Bermuda Limited ("Hardy" or "the Company")
	For immediate release

Hardy Underwriting Group All Employee Share Incentive Plan

Hardy Underwriting Bermuda Limited announces that it was advised on the 11th January 2012 that the Trustees of the Hardy Underwriting Share Incentive Plan (the "Plan"), purchased the following Hardy Underwriting Bermuda Limited Common shares of 20p each:

On 6th January 2012 - 48,213 Hardy Underwriting Bermuda Limited Common Shares of 20p each at £2.05 per share in respect of the Free share allocation under the terms of the Plan.

On 10th January 2012 - 15,384 Hardy Underwriting Bermuda Limited Common Shares of 20p each at £1.94 per share in respect of the December allocation under the terms of the Plan.  Of these shares 5,128 were acquired as Partnership Shares (paid for by participating employees), and 10,256 shares were bought by the Company as Matching Shares. 

The registered holder of all shares is Lloyds TSB Corporate Nominees Limited designation AESOP 1.  

The following directors and Persons Discharging Managerial Responsibility (PDMR's) are beneficial owners of the following shares (subject to the terms and conditions of the Plan Trust Deed and Rules):

Director /PDMR*	Allotted	Total holding following notification	Total % holding following notification
P.J. Gage*	682	173,303 Common 20p shares	0.35
J. MacDiarmid	682	112,895 Common 20p shares	0.23
B.J. Merry	682	563,370 Common 20p shares	1.12

Shareholdings above include Deferred Annual Bonus awards.

Enquiries to:

Hardy Underwriting Bermuda Limited	Tel: [phone]
Jamie MacDiarmid Finance Director	Tel: [phone]
Redleaf Communications
Emma Kane	Tel: [phone]