Director/PDMR Shareholding

Hiscox PLC
21 November 2005

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).

(1)  An issuer making a notification in respect of a transaction relating to the
     shares or debentures of the issuer should complete boxes 1 to 16, 23 and
     24.
(2)  An issuer making a notification in respect of a derivative relating to the
     shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and
     24.
(3)  An issuer making a notification in respect of options granted to a director
     /person discharging managerial responsibilities should complete boxes 1 to
     3 and 17 to 24.
(4)  An issuer making a notification in respect of a financial instrument
     relating to the shares of the issuer (other than a debenture) should
     complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1. Name of the issuer

HISCOX PLC


2. State whether the notification relates to:

(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) (being a disclosure made in accordance with section 324
(as extended by section 328) of the Companies Act 1985 or entered into the
issuer's register in accordance with section 325(3) or (4) of the Companies Act
1985; or

(iii) both (i) and (ii).

(i)


3. Name of person discharging managerial responsibilities/director

B E MASOJADA

R S CHILDS


4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

B E MASOJADA AND A CONNECTED PERSON, J E MASOJADA

R S CHILDS


5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

AS 4


6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

ORDINARY SHARES OF 5P EACH NIL PAID


7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

DIRECTOR / PDMR   REGISTERED HOLDER                        NO. NIL PAID SHARES

B E MASOJADA      LLOYDS BANK (BRANCHES) NOMINEES LTD A/C 
                  MATTE12                                              328,988
B E MASOJADA      LLOYDS BANK (BRANCHES) NOMINEES LTD A/C 
                  MASOJ1                                               247,032
B E MASOJADA      LLOYDS BANK (BRANCHES) NOMINEES LTD A/C 
                  MASOJ2                                               172,922
B E MASOJADA      BRONISLAW EDMUND MASOJADA                             17,200
B E MASOJADA      JANE ELIZABETH MASOJADA                                5,458
B E MASOJADA      JANE ELIZABETH MASOJADA A/C AL                           965
B E MASOJADA      JANE ELIZABETH MASOJADA A/C DE                           637
B E MASOJADA      JANE ELIZABETH MASOJADA A/C LE                           637
B E MASOJADA      JANE ELIZABETH MASOJADA A/C MJ                           638
B E MASOJADA      JANE ELIZABETH MASOJADA A/C MR                           637

R S CHILDS        ROBERT SIMON CHILDS ESQ                              397,886


8 State the nature of the transaction

SALE OF NIL PAID RIGHTS


9. Number of shares, debentures or financial instruments relating to shares
acquired

N/A


10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

N/A


11. Number of shares, debentures or financial instruments relating to shares
disposed

DIRECTOR /     REGISTERED HOLDER               NO. NIL PAID SHARES   PERCENTAGE
PDMR                                                               OF NIL PAIDS

B E MASOJADA   LLOYDS BANK (BRANCHES) NOMINEES LTD A/C          -            -
               MATTE12
B E MASOJADA   LLOYDS BANK (BRANCHES) NOMINEES LTD A/C    247,032         0.26%
               MASOJ1
B E MASOJADA   LLOYDS BANK (BRANCHES) NOMINEES LTD A/C    172,922         0.18%
               MASOJ2
B E MASOJADA   BRONISLAW EDMUND MASOJADA                   17,200         0.02%
B E MASOJADA   JANE ELIZABETH MASOJADA                      5,458         0.01%
B E MASOJADA   JANE ELIZABETH MASOJADA A/C AL                   -            -
B E MASOJADA   JANE ELIZABETH MASOJADA A/C DE                   -            -
B E MASOJADA   JANE ELIZABETH MASOJADA A/C LE                   -            -
B E MASOJADA   JANE ELIZABETH MASOJADA A/C MJ                   -            -
B E MASOJADA   JANE ELIZABETH MASOJADA A/C MR                   -            -

R S CHILDS     ROBERT SIMON CHILDS ESQ                    232,596         0.24%


12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

AS 11


13. Price per share or value of transaction

14.0P PER SHARE


14. Date and place of transaction

16 NOVEMBER 2005, LONDON


15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

DIRECTOR / PDMR                   NO. NIL PAID SHARES   PERCENTAGE OF NIL PAIDS

B E MASOJADA                                  332,502                     0.35%
R S CHILDS                                    165,290                     0.17%


16. Date issuer informed of transaction

N/A

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes


17 Date of grant

N/A


18. Period during which or date on which it can be exercised

N/A


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

N/A


20. Description of shares or debentures involved (class and number)

N/A


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

N/A


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

N/A


23. Any additional information

INTERESTS IN FULLY PAID, ORDINARY SHARES OF 5P EACH

DIRECTOR / PDMR                                          NO. FULLY PAID SHARES

B E MASOJADA                                                         2,370,400
R S CHILDS                                                           1,216,777


24. Name of contact and telephone number for queries

DAVID TAYLOR, 020 7448 6791

Name and signature of duly authorised officer of issuer responsible for making
notification

S J BRIDGES

Date of notification

21 NOVEMBER 2005

END



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