Performance Share Plan Awards

Hiscox Ltd
29 March 2007


HAMLITON; On 26 March 2007, the Board of Hiscox Ltd (the 'Company') granted 
restricted awards over a total of 2,771,500 ordinary shares of 5p each in the 
Company pursuant to the Hiscox Ltd Performance Share Plan. The awards are subject 
to performance conditions which will be calculated over a three year period, 
and to the extent these are satisfied, the awards will vest on 26 March 2010.
There is no exercise price attached to these awards.

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

RRSH Hiscox            80,000
BE Masojada            200,000
RS Childs              150,000
SJ Bridges             120,000

For further information:

Robin Mehta
Hiscox Ltd, Company Secretary
00 1 441 278 8300






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