Holding(s) in Company

Hiscox PLC
19 March 2003

FOR IMMEDIATE RELEASE
19 March 2003

                                   HISCOX PLC

                             Holding(s) in Company


Hiscox plc (the 'Company') was notified on 18 March 2003 by Morgan Stanley
Securities Limited ('MSSL') that on 17 March 2003 MSSL disposed of its interest
in some shares in the Company with the result that MSSL, and the group companies
which are direct or indirect holding companies of MSSL, no longer hold a
notifiable interest in the shares in accordance with Section 198 of the
Companies Act 1985.


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