Director Shareholding

Hiscox PLC
22 October 2002






FOR IMMEDIATE RELEASE                                          22 October 2002
                                   HISCOX PLC

                            Director's Shareholdings

Over the course of the Rights Issue, the directors of Hiscox PLC ('Hiscox' or
the 'Company') have variously taken up, sold or lapsed rights as detailed in the
following table. Please note that all sales of nil-paid rights transacted prior
to today in the table below have previously been notified to the market.
                                                                                                  Beneficial        % of
                                                                                               holding after    enlarged
                                  Beneficial                                                      the Rights      Issued
                               holding prior                                                           Issue       Share
                               to the Rights          Rights  Rights sold or Rights taken up                     Capital
                                       Issue     entitlement          lapsed

R.R.S. Hiscox                      8,328,546       4,164,272       3,671,168         493,104       8,821,650       3.05%
B.E. Masojada                      1,119,691         559,844               -         559,844       1,679,535       0.58%
S.J. Bridges                          65,000          32,500               -          32,500          97,500       0.03%
R.S. Childs                          570,271         285,135         138,328         146,807         717,078       0.25%
S.H. Hall                             28,000          14,000           6,500           7,500          35,500       0.01%
C. Franklin Engler                    11,700           5,850               -           5,850          17,550       0.01%
A.G.C. Howland Jackson                33,060          16,529               -          16,529          49,589       0.02%
D.N.D. Netherton                      26,000          13,000           9,000           4,000          30,000       0.01%

R.R.S. Hiscox has a non-beneficial interest in 575,000 shares or 0.2% of the
Company.

The executive directors of the Company are potential beneficiaries of the Hiscox
employee's share ownership plan trust (the 'ESOP') and are therefore each deemed
to have an interest in 255,466 Hiscox shares owned by Hiscox Trustees Limited,
the trustee of the ESOP.


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