Exercise of Approved Options

Hiscox PLC
11 May 2004

11 May 2004
Hiscox plc
Exercise of Approved Options

The board of Hiscox plc advises that today it allotted 10,945 shares of 5p each
at an exercise price of £1.051 under the Approved Share Option Scheme.

These shares will rank pari passu with the existing class of ordinary 5p shares
in issue.




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