Holding(s) in Company

Hiscox PLC
17 September 2004

                              Holding(s) in Company

Hiscox plc ('Hiscox') was notified on 16 September, 2004 by Morgan Stanley 
Securities Limited ('MSSL') that on 14 September 2004 MSSL disposed of its 
interest in some shares in Hiscox with the result that MSSL, and the group 
companies which are direct or indirect holding companies of MSSL, no longer 
hold a notifiable interest in the shares of Hiscox in accordance with Section 
198 of the Companies Act 1985.





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