Holding in Company

Hiscox PLC
18 December 2001


FOR IMMEDIATE RELEASE                                          18 December 2001



                          HISCOX PLC (the 'Company')

                              Holding in Company


The Company was notified on 13 December 2001 that Parsimony Limited had an
interest in 4,615,000 ordinary shares of 5p each in the Company, or 3.11 per
cent. of the Company's issued ordinary share capital at the date of
notification.

On 18 December 2001, 44,461,435 new ordinary shares of 5p each were issued by
the Company. Accordingly, the interest notified above would be 2.40 per cent.
of the enlarged issued share capital of the Company.