Director Shareholding

Hiscox PLC
13 July 2004

13 July 2004

                            Director's Shareholdings

Hiscox Plc (the 'Company') was notified on 13 July that, following the purchase
of 53,716 ordinary shares of 5p each in the Company at a price of £1.56, Stuart
Bridges now has a beneficial interest of 286,363 ordinary shares or 0.1 % of the
issued share capital of the Company.

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 313,368 ordinary
shares owned by Hiscox Trustees Limited, the trustee of the ESOP.


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