QUEST Share Scheme

Hiscox PLC
6 October 2000



                               HISCOX PLC
                                    
                                    
Hiscox plc Qualifying Employee Share Ownership  Trust  ('QUEST'), the
trustee of a trust  established by  deed  on  29  September  1998 to
facilitate the operation of the Hiscox plc SAYE Share Option Schemes
(the 'Schemes'), subscribed for 46,641 ordinary shares in Hiscox plc  at
106p per share on 5 October 2000, representing 0.03% of the enlarged
issued ordinary share capital of Hiscox plc.

These shares were immediately transferred by the QUEST to employees who
had validly exercised options granted under the schemes in  respect  of
such shares.