QUEST Share Scheme

Hiscox PLC 6 October 2000 HISCOX PLC Hiscox plc Qualifying Employee Share Ownership Trust ('QUEST'), the trustee of a trust established by deed on 29 September 1998 to facilitate the operation of the Hiscox plc SAYE Share Option Schemes (the 'Schemes'), subscribed for 46,641 ordinary shares in Hiscox plc at 106p per share on 5 October 2000, representing 0.03% of the enlarged issued ordinary share capital of Hiscox plc. These shares were immediately transferred by the QUEST to employees who had validly exercised options granted under the schemes in respect of such shares.
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