Director/PDMR Shareholding

Hiscox PLC
24 November 2005


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).

(1)  An issuer making a notification in respect of a transaction relating to the
     shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)  An issuer making a notification in respect of a derivative relating to the
     shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)  An issuer making a notification in respect of options granted to a director
     /person discharging managerial responsibilities should complete boxes 1 to
     3 and 17 to 24.

(4)  An issuer making a notification in respect of a financial instrument relating
     to the shares of the issuer (other than a debenture) should complete boxes 
     1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1. Name of the issuer

HISCOX PLC

2. State whether the notification relates to:

(i) a transaction notified in accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) (being a disclosure made in accordance with section 324
(as extended by section 328) of the Companies Act 1985 or entered into the
issuer's register in accordance with section 325(3) or (4) of the Companies Act
1985; or

(iii) both (i) and (ii).

(iii)

3. Name of person discharging managerial responsibilities/director

S H HALL
S C LANGLEY - PDMR
R C WATSON - PDMR

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

S H HALL AND N HALL
S C LANGLEY
R C WATSON

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

AS 4

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

ORDINARY SHARES OF 5P EACH NIL PAID

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

DIRECTOR / PDMR        REGISTERED HOLDER                   NO. NIL PAID SHARES

S H HALL               NOT DISCLOSED                                    11,608
S C LANGLEY            MRS SUSAN CAROL LANGLEY                          29,771
R C WATSON             NOT DISCLOSED                                   116,733

8 State the nature of the transaction

SALE OF NIL PAID RIGHTS

9. Number of shares, debentures or financial instruments relating to shares
acquired

N/A

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

N/A

11. Number of shares, debentures or financial instruments relating to shares
disposed

DIRECTOR / PDMR            PRICE (P)   NO. NIL PAID SHARES          PERCENTAGE
                                                   
S H HALL                     16.0000                1,608               < 0.01%
S C LANGLEY                  17.7126               18,794                 0.02%
S C LANGLEY                  17.3980               10,977                 0.01%
R C WATSON                   14.5000                8,514                 0.01%

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

AS 11

13. Price per share or value of transaction

AS 11

14. Date and place of transaction

DIRECTOR / PDMR      DATE OF TRANSACTION           PRICE (P)   NO. NIL PAID SHARES

S H HALL                 22-NOV-2005                 16.0000             1,608
S C LANGLEY              23-NOV-2005                 17.7126            18,794
S C LANGLEY              22-NOV-2005                 17.3980            10,977
R C WATSON               16-NOV-2005                 14.5000             8,514

ALL TRANSACTIONS TOOK PLACE IN LONDON

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

DIRECTOR / PDMR                   NO. NIL PAID SHARES               PERCENTAGE
                                               
S H HALL                                       10,000                     0.01%
S C LANGLEY                                         -                      N/A
R C WATSON                                    108,219                     0.11%

16. Date issuer informed of transactions

23 NOVEMBER 2005

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17 Date of grant

N/A

18. Period during which or date on which it can be exercised

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved (class and number)

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise

N/A

22. Total number of shares or debentures over which options held following
notification

N/A

23. Any additional information

INTERESTS IN FULLY PAID, ORDINARY SHARES OF 5P EACH

DIRECTOR / PDMR                                          NO. FULLY PAID SHARES

S H HALL                                                                35,500
S C LANGLEY                                                             91,043
R C WATSON                                                             356,983

24. Name of contact and telephone number for queries

DAVID TAYLOR, 020 7448 6791

Name and signature of duly authorised officer of issuer responsible for making
notification

S J BRIDGES

Date of notification

24 NOVEMBER 2005




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