Share Option Scheme

Hiscox Ltd
28 September 2007


HAMILTON, Bermuda; Hiscox Ltd allotted the following shares under Hiscox
Unapproved Share Option Scheme ('Unapproved Options') and Hiscox Approved Share
Option Scheme ('Approved Options'):

Date                      Scheme             No. of Shares         Ex. Price

27 September 2007         Unapproved         6,767                 £1.281
27 September 2007         Approved           5,639                 £1.702
27 September 2007         Approved           8,459                 £1.574
27 September 2007         Approved           4,511                 £1.281
                                             --------------
                                             25,376
                                             --------------

These shares will rank pari passu with the existing class of Ordinary 5p shares
in issue.

The issued share capital of Hiscox Ltd is now 396,028,555 Ordinary shares of 5p
each, excluding treasury shares.


                                   SECRETARY




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