Share option scheme

Hiscox Ltd
06 August 2007


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


Date             Scheme            No. Shares        Ex. Price

30 July 2007     Unapproved            14,966           151.4p
27 July 2007     Approved                 491           151.4p
27 July 2007     Unapproved            41,220           151.4p

                                 ------------
                                       56,677
                                 ------------

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 396,634,816 Ordinary shares of 5p
each.




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