Share Option Scheme

Hiscox PLC
28 November 2006


On 24 November 2006, Hiscox plc allotted the following shares under the Hiscox
Unapproved Share Option Scheme ('Unapproved').

Scheme No.    Shares Ex. Price
Unapproved       226    £1.020
Unapproved    12,881    £1.465
Unapproved    15,457    £1.252
Unapproved    11,279    £1.755
             -------
              39,843
             -------

On 28 November 2006, Hiscox plc allotted the following shares under the Hiscox
Approved Share Option Scheme ('Approved') and the Hiscox Unapproved Share Option
Scheme ('Unapproved').

Scheme No.   Shares Ex. Price
Approved        463    £1.020
Approved      1,127    £1.281
Approved      5,639    £1.574
Approved     11,279    £1.702
Unapproved    5,639    £1.574
Unapproved   10,151    £1.281
Unapproved   10,814    £1.020
Unapproved    9,023    £1.755
Unapproved   11,279    £0.806
Unapproved   20,610    £1.252
Unapproved   25,763    £1.465
            -------
            111,787
            -------

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

The issued share capital of Hiscox plc is now 393,318,020 ordinary shares of 5p
each.




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