Director Shareholding

Hiscox PLC
09 December 2004


Directors shareholding

Hiscox plc (the 'Company') was notified on 8 December 2004 that following a sale
of 30,000 ordinary shares of 5p each in the Company at a price of £1.6125 and a
purchase of 15,000 ordinary shares of 5p each in the Company at a price of
£1.6175, Derek Netherton now has a beneficial interest of 15,000 ordinary shares
or 0.005% of the issued share capital of the Company.



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