Director/PDMR Shareholding

RNS Number : 8411I

Hiscox Ltd

21 June 2011

Hiscox Ltd

(the 'Company')

Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and connected persons

Scrip Dividend alternative

The Company has been notified that the undernoted directors and connected persons had elected for the scrip dividend alternative to the cash dividend paid on 21 June 2011. The scrip dividend reference price was 381.36 pence per share. The scrip shares acquired by the directors and their connected persons are detailed below:

Director	Number of Shares acquired by Director	Number of shares acquired by connected persons
Robert Hiscox	127,520	67,708
Bronek Masojada	Nil	30,125
Stuart Bridges	17,333	15,576
Robert Childs	57,626	Nil
Ernst Jansen	762	Nil

Shadow Dividends

On 21 June 2011 the undernoted directors received awards pursuant to the Hiscox Ltd Performance Share Plan (the 'Plan'). These awards are in respect of 'shadow dividends' which are payable to participants under the Plan in connection with vested, but unexercised awards, as at the record date for the dividend paid on 21 June 2011. These awards are subject to the same terms as the vested but unexercised awards to which they relate.