On 2 March 2010, the directors of Hiscox Ltd (the 'Company') set out below became beneficially entitled to the number of ordinary shares of 5p each in the Company ('Shares') against their name. No consideration was payable for the Shares. The legal title to the Shares is held by the trustee of the Hiscox 1999 Employee Benefit Trust, which is holding the Shares as nominee for the relevant director. The Shares are in respect of 'shadow dividends', which are payable to participants under the Hiscox Ltd Performance Share Plan in connection with their vested but unexercised awards held as at the date the dividend was paid to shareholders in June 2009 and October 2009.
Set out below are the number of Shares acquired by the directors of the Company:
Director Number of Shares acquired
RRSH Hiscox 3,315 shares
BE Masojada 8,619 shares
SJ Bridges 10,901 shares
Place of transaction: Guernsey
For further information:
Charles Dupplin
Hiscox Ltd, Company Secretary
00 1 441 278 8300