Grant of Options

Hiscox PLC
06 April 2005

Grant of options

On 6 April 2005, the Board of Hiscox plc (the 'Company') granted options over a
total of 3,000,000 ordinary shares of 5p each in the Company pursuant to the
approved and unapproved employee share option schemes of the Company. All
options so granted are exercisable at a price of 154.5p.

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

Robert R S Hiscox     50,000
Bronek E Masojada     200,000
Stuart J Bridges      150,000
Robert S Childs       200,000

For further information:

Hiscox plc
Fiona Fong, Director of Communications         020 7448 6447

The Maitland Consultancy
Suzanne Bartch                                 020 7379 5151



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