Director Shareholding

Hiscox PLC
10 October 2002



FOR IMMEDIATE RELEASE                              10 October 2002





                                   HISCOX PLC


                            Director's Shareholdings






The Board of Hiscox has been notified of the following sales of nil paid rights
to subscribe for new ordinary shares of 5p each in Hiscox. The proceeds will all
be used to take up other rights.



                                            Rights sold       Price per right      Date of sale

Robert Hiscox (beneficial)                          1,273,047         5.0p         9 October 2002
Robert Childs                                          48,216         5.0p         9 October 2002
Derek Netherton                                         3,169         5.0p         9 October 2002
Stephen Hall                                            3,000         7.1p         3 October 2002
Stephen Hall                                            3,500         6.0p         30 September 2002





                      This information is provided by RNS
            The company news service from the London Stock Exchange