Director Shareholding

Hiscox PLC
08 April 2003



8 April 2003

FOR IMMEDIATE RELEASE



                           Hiscox plc (the 'Company')

                            Directors' Shareholdings



Pursuant to the Hiscox Performance Share Plan (the 'Plan'), ordinary shares of
5p each of the Company have been released as follows to directors of the Company
as a consequence of the vesting of awards previously made under the Plan:

                  Shares released       Resultant total                     %
                                        beneficial interest

S J Bridges                82,093               179,593                    0.06

R S Childs                109,457               826,535                    0.29

B E Masojada              109,457             1,788,992                    0.62

The number of shares released in each case reflects adjustments made in
accordance with the rules of the Plan to take account of the Company's placing
and open offer in 2001 and its rights issue in 2002.






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