Share Allotment

Hiscox PLC
22 April 2003


FOR IMMEDIATE RELEASE                                              22 April 2003


                                   HISCOX PLC

                                Share Allotment


The Board of Hiscox plc ('Hiscox' or the 'Company') hereby advises that on 16
April 2003 it allotted the following ordinary shares of 5p each in the Company
('Shares') at exercise prices set out below following the exercise of options
under the following schemes:

Hiscox Holdings Inland Revenue Approved and Unapproved Share Option Schemes

Approved                                                  Exercise Price
105,763                                                   £0.21
158,645                                                   £0.314
Unapproved                                                Exercise Price
211,526                                                   £1.095


Hiscox was notified on 16 April 2003 that, following the disposal of 150,000
Shares on 16 April 2003 at £1.455 per share and the exercise of the 475,934
approved and unapproved share options above, Robert Childs is beneficially
interested in 1,152,469 Shares, or 0.4 per cent. of the Company's issued
ordinary share capital.

Additionally, the Board of Hiscox hereby advises that on 16 April 2003, it
allotted 10,945 Shares at an exercise price of £1.320 following the exercise of
options under the Hiscox Approved Share Option Scheme.

Also on 16 April 2003, the Board of Hiscox plc allotted 3,054 Shares at an
exercise price of £1.078 following the exercise of options under the Sharesave
Scheme.

The total number of Shares allotted was 489,933. These shares will rank pari
passu with the existing class of ordinary 5p shares in issue.



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