Share Option Scheme

Hiscox Ltd
28 November 2007


HAMILTON, Bermuda; Hiscox Ltd allotted the following shares under Hiscox
Unapproved Share Option Scheme ('Unapproved Options') and Hiscox Approved Share
Options Scheme ('Approved Options'):

Date                 Scheme         No. of Shares     Ex. Price

28 November 2007     Unapproved     14,190            £1.514
28 November 2007     Unapproved     5,639             £1.755
28 November 2007     Unapproved     10,305            £1.465
28 November 2007     Approved       1,267             £1.514
                                 --------------
                                    31,401
                                 --------------

These shares will rank pari passu with the existing class of Ordinary 5p shares
in issue.

The issued share capital of Hiscox Ltd is now 394,019,373 Ordinary shares of 5p
each.


                                   SECRETARY





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