Director Shareholding

Hiscox PLC
17 April 2003



FOR IMMEDIATE RELEASE

17 April 2003

                                   HISCOX PLC


                            Director's Shareholdings


Hiscox Plc (the 'Company') was notified on 17 April 2003 that, following the
acquisition of 4,650 ordinary 5p shares in the Company on 16 April 2003, Robert
Hiscox now has a beneficial interest of 8,834,509 ordinary shares or 3.04% of
the issued share capital of the Company. Robert Hiscox's non-beneficial holding
of 582,715 ordinary shares or 0.2% of the Company remains unchanged.


The executive directors of the Company are potential beneficiaries of the
Company's employee share ownership plan trust ('ESOP') and are therefore also
each deemed to have an additional non-beneficial interest in 255,466 ordinary
shares owned by Hiscox Trustees Limited, the trustee of the ESOP.





                      This information is provided by RNS
            The company news service from the London Stock Exchange