Share Option Scheme

Hiscox Ltd
19 June 2007


HAMILTON, Bermuda; Hiscox Ltd allotted the following shares under the Hiscox
Unapproved Share Option Scheme:


Date            Scheme      No. Shares    Ex. Price
18 June 2007    Unapproved      82,441       £1.465
                           
                               -------
                                82,441
                               -------

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 396,578,139 Ordinary shares of 5p
each.



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