Result of EGM

Hiscox PLC
26 September 2002




FOR IMMEDIATE RELEASE     26 September 2002




                                   HISCOX PLC

                                 Result of EGM

At the extraordinary general meeting of Hiscox plc (the 'Company'), which took
place earlier today, the resolutions put to shareholders of the Company relating
to the rights issue, announced on 10 September 2002, were duly passed.

Accordingly, Provisional Allotment Letters in respect of the Rights Issue will
be posted today and dealings in the New Ordinary Shares, nil paid, are expected
to commence at 8.00am tomorrow, 27 September. The latest time and date for
acceptance is expected to be 10.30am on 21 October 2002.

Terms in this announcement shall bear the same meaning, unless the context
otherwise requires, as defined in the prospectus published on 10 September 2002
in respect of the Rights Issue.

Robert Hiscox, Chairman of Hiscox, commented:

'The shareholders have approved the rights issue. The funds raised will
significantly strengthen the Group and enable us to take full advantage of the
exceptional underwriting conditions which we are currently enjoying. I am
confident that shareholders' support will be well rewarded.'

Enquiries:

Hiscox plc
Robert Hiscox / Bronek Masojada / Stuart Bridges       020 7448 6000

ING Barings
Ben Money-Coutts / Simon Edwards                       020 7767 1000

NM Rothschild
Philip Swatman / Jonathan Eddis                        020 7280 5000

The Maitland Consultancy
Suzanne Bartch                                         020 7379 5151



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