Syndicate 33 Forecasts

Hiscox PLC
26 November 2002



HISCOX PLC

2000 AND 2001 OPEN YEAR FORECASTS FOR SYNDICATE 33 MANAGED BY HISCOX SYNDICATES
LTD


The Syndicate forecasts shown below are after standard personal expenses but
before Members' Agents' charges. Standard personal expenses comprise managing
agent fees and profit commission and all charges levied directly on members by
Lloyd's.


SYNDICATE FORECASTS AS % OF CAPACITY

Year Of Account     Current Estimate       Previous Estimate           Capacity

2000               (7.5)% to (12.5)%       (5.0)% to (10.0)%           £360m
2001               (2.5)% to (7.5)%        (2.5)% to (7.5)%            £360m


FOR FURTHER INFORMATION PLEASE CONTACT:

Bronek Masojada                  Hiscox plc                        020 7448 6012
[e-mail]

Stuart Bridges                   Hiscox plc                        020 7448 6013
[e-mail]

Suzanne Bartch                   The Maitland Consultancy          020 7379 5151
[e-mail]


                      This information is provided by RNS
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