Share Option Scheme

Hiscox Ltd
02 April 2008


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

Date                  Scheme    No. of Shares      Ex. Price

31 March 2008     Unapproved           62,628         £1.514
31 March 2008       Approved           19,812         £1.514


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 390,409,072 Ordinary shares of 5p
each, excluding treasury shares.

                                   SECRETARY




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