Share Option Scheme

Hiscox Ltd
14 March 2008


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

Date                Scheme     No. of Shares     Ex. Price

13 March 2008     Approved             5,639        £1.755


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 391,664,170 Ordinary shares of 5p
each, excluding treasury shares.


                                   SECRETARY


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