Director Shareholding

Hiscox PLC
16 October 2003



FOR IMMEDIATE RELEASE

16 October 2003

                                   HISCOX PLC


                            Director's Shareholdings


Hiscox Plc (the 'Company') was notified on 16 October 2003 that, following the
acquisition of 32,086 ordinary 5p shares in the Company on 16 October 2003,
Robert Hiscox now has a beneficial interest of 8,880,595 ordinary shares or
3.05% of the issued share capital of the Company. Robert Hiscox's non-beneficial
holding of 582,715 ordinary shares or 0.2% of the Company remains unchanged.


The executive directors of the Company are potential beneficiaries of the
Company's employee share ownership plan trust ('ESOP') and are therefore also
each deemed to have an additional non-beneficial interest in 255,466 ordinary
shares owned by Hiscox Trustees Limited, the trustee of the ESOP.





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