Directors' Dealings

HISCOX PLC
14 October 1999



                            Grant of Options

On  13  October 1999 the Board of Hiscox plc granted options on ordinary
shares of 5p each as follows:

*      363,000 shares at a price of 144.5p under the terms of the Inland
   Revenue Approved Share Option Scheme.

*      938,000  shares  at  a price of 144.5p under  the  terms  of  the
   Unapproved Share Option Scheme

*      A  maximum  of  795,000 existing shares held by  Hiscox  Holdings
   Limited  at a price of 117p under the terms of the Hiscox Performance
   Share Plan.  The terms of this Performance Plan were approved at  the
   Hiscox plc AGM on 6 July 1999.

Included  in these grants were options granted to directors as  set  out
below:

                  Hiscox Performance   Approved Share   Unapproved Scheme
                          Share Plan    Option Scheme       Option Scheme
                                                                
Robert Childs                100,000                -             100,000
                                                                         
Bronek Masojada              100,000            2,000              98,000
                                                                         
Ralph Jones                   75,000                -              75,000
                                                                         
Stuart John                   75,000           20,000              55,000
Bridges