Directors' Notification of Dealing in Shares

Hiscox PLC
16 June 2000
                                    
                              Grant Options

On 15 June 2000 the Board of Hiscox plc granted options over ordinary
shares of 5p each as follows:

*  448,180 shares at an exercise price of 115p per share under the
   terms of the Inland Revenue Approved Share Option Scheme.

*  1,629,820 shares at an exercise price of 115p per share under the
   terms of the Unapproved Share Option Scheme.

*  A maximum of 390,000 existing shares held by Hiscox Holdings
   Limited at an exercise price of 117p per share under the terms of the
   Hiscox Performance Share Plan.

Included in these grants were options granted to directors as set out
below:


                             Hiscox    Approved Share   Unapproved Share
                        Performance     Option Scheme      Option Scheme
                         Share Plan
                                                                        
Robert R S                   25,000             2,930             47,070
Hiscox
                                                                        
Bronek E                     25,000               417            149,583
Masojada
                                                                        
Stuart J Bridges             25,000               952             99,048
                                                                        
Ian N Thomson                     -             1,038             48,962
                                                                        
Robert S Childs              25,000                 -            150,000