Result of Meetings

Hiscox PLC
15 November 2006


                                   Hiscox plc

       Hiscox plc shareholders approve proposed corporate reorganisation

On 23 October 2006, Hiscox plc ('Hiscox') posted a circular to shareholders
setting out details of a corporate reorganisation to introduce a new Bermudian
domiciled holding company for the Group ('Hiscox Ltd') to be implemented by way
of a scheme of arrangement under section 425 of the Companies Act 1985 (the
'Scheme'). A prospectus in relation to the proposed admission to the Official
List and to trading on the London Stock Exchange of the shares in Hiscox Ltd was
also sent to shareholders. Hiscox is pleased to announce that its shareholders
approved the proposed corporate reorganisation at a Court Meeting and
Extraordinary General Meeting held today.

Of the votes cast at the Court Meeting, 99.99% were in favour of the corporate
reorganisation and 0.01% were against. At the Extraordinary General Meeting, the
resolution was passed unanimously by shareholders in attendance, having received
valid proxies representing 98.5% votes in favour and 1.5% votes against the
resolution. Accordingly, the corporate reorganisation has been approved by
shareholders.

Subject to the High Court sanctioning the Scheme on 11 December 2006 and the
Scheme becoming effective, it is expected that the shares in Hiscox Ltd will be
admitted to trading on the London Stock Exchange on 12 December 2006. Hiscox
intends to make an announcement on 12 December 2006 confirming this event and
completion of the corporate reorganisation.


Enquiries:

Hiscox plc
Robert Hiscox            Chairman                    020 7448 6011
Bronek Masojada          Chief Executive             020 7448 6012
Stuart Bridges           Finance Director            020 7448 6013
Rebecca Olejnik          Corporate Communications    020 7448 6332
                         
Maitland
Suzanne Bartch                                       020 7379 5151


Notes to editors:

About the Hiscox Group

The Hiscox Group is a specialist insurance group listed on the London Stock
Exchange. The Group operates through six insurance underwriting divisions:
Hiscox Global Markets, Hiscox UK, Hiscox Europe, Hiscox Guernsey, Hiscox USA and
Hiscox Bermuda.

In its unaudited consolidated interim results for the six months to 30 June
2006, the Hiscox Group reported gross premiums written of £625.1 million. As at
30 June 2006, the Group's net asset value was £588.4 million.

Unless the context otherwise appears, terms defined in the Hiscox Scheme
circular dated 23 October 2006 have the same meaning in this announcement.

Securities may not be offered or sold in the United States unless they are
registered under the Securities Act of 1933, as amended (the 'Securities Act')
or are exempt from such registration requirements. The Hiscox Ltd shares have
not been and will not be registered under the Securities Act but will be issued
in reliance on the exemption provided by Section 3(a)(10) thereof. In addition,
the Hiscox Ltd shares have not been and will not be registered under the
securities laws of any state of the United States but will be issued pursuant to
available exemptions from state law registration requirements. Neither the SEC
nor any US state securities commission has reviewed or approved this document,
the Scheme or the Hiscox Ltd shares. Any representation to the contrary is a
criminal offence in the United States.


                      This information is provided by RNS
            The company news service from the London Stock Exchange