Director/PDMR Shareholding

RNS Number:5819S
Leo Insurance Services PLC
17 April 2008

                           Leo Insurance Services plc

                            Directors' Shareholdings

Leo Insurance Services Plc ("Leo" or the "Company") announces that it was
notified on 16 April 2008 that on 15 April 2008 Larry Lipman, Managing Director
and Errol Lipman, Executive Director, were gifted, for nil consideration, the
following ordinary shares of 1p each in the Company ("Shares"):

Larry Lipman   43,279 Shares
Errol Lipman   43,277 Shares

Larry Lipman, Errol Lipman, Steven Lipman, Ray Lipman and Leo Holdings (2008)
Corporation ("LHC8")* (together "the Lipman Concert Party") are treated as
acting in concert for the purposes of the City Code on Takeovers and Mergers
("the Code"). As a result of this transaction, the total holding of the Lipman
Concert Party remains unchanged at 2,915,596 Shares (40.40% of the Company"s
issued ordinary share capital), and is made up as follows:

+------------------+------------------+----------------------+--------------+
|Member of Lipman  | Previous Interest|       Resultant Share| Percentage of|
|Concert Party     |         in Shares|              Interest|  issued share|
|                  |                  |                      |       capital|
|                  |                  |                      |             %|
+------------------+------------------+----------------------+--------------+
|Larry Lipman      |            22,004|                65,283|           0.9|
|Errol Lipman      |           129,833|               173,110|           2.4|
|Ray Lipman        |           129,833|                   Nil|           Nil|
|Steven Lipman     |               Nil|                43,277|           0.6|
|LHC8 **           |         2,633,926|             2,633,926|          36.5|
+------------------+------------------+----------------------+--------------+
|Total             |         2,915,596|             2,915,596|          40.4|
+------------------+------------------+----------------------+--------------+

* On the 7 April 2008, at a meeting of its shareholders, Karayaka Investment
Corporation changed its name to Leo Holdings (2008) Corporation
** The issued share capital of Leo Holdings (2008) Corporation is owned by Larry
Lipman, Errol Lipman and Steven Lipman in equal proportions.

Contacts:
Leo Insurance Services Plc                     Arbuthnot Securities
Larry Lipman, Managing Director                John Prior, Ben Wells
Paul Davis, Finance Director                   Tel: 020 7012 2000
Tel: 020 8815 1600




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