Scrip Dividend

RNS Number : 2199N

Hiscox Ltd

26 September 2012

Hiscox Ltd

(the 'Company')

Notification of transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and connected persons

Scrip Dividend alternative

Hamilton, Bermuda - The Company has been notified that the undernoted directors and their connected persons elected for the scrip dividend alternative to the cash dividend paid on 19 September 2012. The scrip dividend reference price was 448.12p per share. The scrip shares acquired by the directors and their connected persons are detailed below:

Director	Number of Shares acquired by Director	Number of shares acquired by connected persons
Robert Hiscox	58,198	8,634
Stuart Bridges	8,319	7,013
Ernst Jansen	853	Nil
Bronek Masojada	Nil	13,793