Share Option Scheme

Hiscox Ltd
27 December 2006



Hiscox Ltd allotted the following shares under the Hiscox Unapproved Share
Option Scheme ('Unapproved'), the Hiscox ShareSave Scheme ('ShareSave') and the
Hiscox International ShareSave Scheme ('International ShareSave').
 
Date          Scheme                   No. Shares    Ex. Price

22 Dec 2006   International ShareSave       4,406    €1.75833
22 Dec 2006   International ShareSave       3,017    £1.22268
22 Dec 2006   International ShareSave       6,566    €1.94076
22 Dec 2006   International ShareSave         284    €2.31727
22 Dec 2006   International ShareSave         627     £1.5759
                                           ------
                                           14,900
                                           ------

These shares will rank pari passu with the existing class of ordinary 5p shares
in issue.

The issued share capital of Hiscox Ltd is now 393,915,738 ordinary shares of 5p
each.

                      This information is provided by RNS
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