Holding(s) in Company

Hiscox Ltd
26 February 2007

Notification of major interests in shares


Hiscox Ltd announces that on 23 February 2007 it received the following
notification from JPMorgan Chase & Co. pursuant to the Disclosure and
Transparency Rules.

Robin Mehta, Company Secretary, Hiscox Ltd.
Tel. [phone]

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Hiscox Ltd


2. Reason for the notification (please state Yes/No): ( )

An acquisition or disposal of voting rights: ( )
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify) : (X)

Notification of holding at 20 January 2007


3. Full name of person(s) subject to the notification obligation:

JPMorgan Chase & Co.


4. Full name of shareholder(s) (if different from 3.):

J.P. Morgan International Bank Limited

JPMorgan Asset Management (UK) Limited


5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

N/A


6. Date on which issuer notified:

23 February 2007


7. Threshold(s) that is/are crossed or reached:

5% threshold


8. Notified details:

A: Voting rights attached to shares

Class/type of shares (if possible using the ISIN CODE):

Hiscox Ltd Ordinary Shares of 5p each (ISIN: BMG4593F1041)

Situation previous to the triggering transaction:

Number of shares: N/A

Number of voting rights: N/A

Resulting situation after the triggering transaction:

Number of shares (direct): 0

Number of voting rights (direct): 0

Number of voting rights (indirect): 20,548,378

% of voting rights (direct): 0.00%

% of voting rights (indirect): 5.21%

Total voting rights: 20,548,378 shares (5.21%)


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Holdings by controlled undertakings of JPMorgan Chase & Co. are as follows:

J.P Morgan International Bank Limited

JPMorgan Asset Management (UK) Limited: 20,460,312 voting rights (5.19%)

Proxy Voting:


10. Name of the proxy holder:

N/A


11. Number of voting rights proxy holder will cease to hold:

N/A


12. Date on which proxy holder will cease to hold voting rights

N/A


13. Additional information:

This is notification of disclosable holding as at 20 January 2007. Please note
the group has other holdings which are covered by exemptions. This disclosure is
made on the understanding that Hiscox Ltd is a non-EEA issuer which has selected
the UK as the home member state.


14. Contact name:

Katie Green, JPMorgan Chase


15. Contact telephone number:

020 7777 3027



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