Sharesave Scheme

Hiscox PLC
22 December 2004


Sharesave Scheme

We wish to advise that on 21 December 2004 Hiscox plc allotted 57,132 shares of
5p each at an exercise price of £0.665 under the Sharesave Scheme.

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



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