Director/PDMR Shareholding

Hiscox PLC
25 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).

(ii)

3. Name of person discharging managerial responsibilities/director

R R S HISCOX

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

R R S HISCOX AND HIS CONNECTED PERSONS

R R S HISCOX CHILDREN'S SETTLEMENT FUNDS

J E HISCOX

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

REGISTERED HOLDER                                          NO. NIL PAID SHARES

R R S HISCOX                                                           970,169
NOT DISCLOSED                                                          206,495
A N FOSTER A/C 1987                                                    706,680
A N FOSTER RRSH & R E G GIBSON A/C 1996                                793,386
R R S HISCOX, A N FOSTER, R E G GIBSON A/C RRSH2000                    189,751
A N FOSTER A/C JEH1996                                                  52,892

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

REGISTERED HOLDER                    PRICE (P)    NO. NIL PAID       PERCENTAGE
                                                        SHARES
R R S HISCOX                              14.0         652,048            0.68%
NOT DISCLOSED                    NOT DISCLOSED         191,979            0.20%
A N FOSTER A/C 1987                       14.0         657,283            0.68%
A N FOSTER RRSH & R E G GIBSON
A/C 1996                                  14.0         737,644            0.77%
R R S HISCOX, A N FOSTER, R E G
GIBSON A/C RRSH2000                       14.0         176,531            0.18%
A N FOSTER A/C JEH1996                    14.0          49,142            0.05%

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

AS 11

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)

REGISTERED HOLDER                                 NO. NIL PAID       PERCENTAGE
                                                        SHARES
R R S HISCOX                                           318,121            0.33%
NOT DISCLOSED                                           14,516            0.02%
A N FOSTER A/C 1987                                     49,397            0.05%
A N FOSTER RRSH & R E G GIBSON A/C 1996                 55,742            0.06%
R R S HISCOX, A N FOSTER, R E G GIBSON A/C
RRSH2000                                                13,220            0.01%
A N FOSTER A/C JEH1996                                   3,750           <0.01%

16. Date issuer informed of transactions

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

BENEFICIAL INTERESTS IN FULLY PAID, ORDINARY SHARES OF 5P EACH

DIRECTOR / PDMR                                          NO. FULLY PAID SHARES
R R S HISCOX                                                         8,927,754

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

25 NOVEMBER 2005



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