Director/PDMR Shareholding

Hiscox Ltd
27 April 2007


HAMILTON, Bermuda; Hiscox Ltd has been informed that on 27 April 2007, Stuart
Bridges, Director, acquired 123,632 shares in the Company following the exercise
of the following share options:

Hiscox Approved Share Option Scheme: 22,559 at an exercise price of £1.281 each;
Hiscox Approved Share Option Scheme: 1,073 at an exercise price of £1.020 each;
Hiscox Unapproved Share Option Scheme: 100,000 at an exercise price of £0.806
each;

Following the above exercises, Mr Bridges holds 592,053 Ordinary shares of 5p
each in the Company, representing 0.015% of the Company's issued share capital.

On 27 April 2007, Robert Childs, Director, acquired 310,194 shares in the
Company following the exercise of the following share options:

Hiscox Unapproved Share Option Scheme: 169,197 at an exercise price of £1.02
each;
Hiscox Unapproved Share Option Scheme: 140,997 at an exercise price of £0.806
each;

Following the above exercises, Mr Childs holds 1,703,805 Ordinary shares of 5p
each in the Company, representing 0.43% of the Company's issued share capital.


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