Director Shareholding

Hiscox PLC
18 December 2001



18th December, 2001

FOR IMMEDIATE RELEASE



                                  Hiscox plc

                           Directors' Shareholding


The board of Hiscox plc ('Hiscox' or the 'Company') has been notified of the
following changes on 18 December 2001 (pursuant to the Open Offer) in the
interests of directors of Hiscox in ordinary 5p shares in the Company.

                                Shares Subscribed    Price paid Revised Holding

Stuart Bridges                     15,000             126p       65,000   0.03%
Robert Childs                      74,383             126p       570,271  0.30%
Anthony Howland Jackson            7,629              126p       33,060   0.02%
Bronek Masojada                    1,500              126p      1,119,691 0.58%
Derek Netherton                    6,000              126p       26,000   0.01%