Share Option Scheme

Hiscox Ltd
03 April 2007


HAMILTON, Bermuda; Hiscox Ltd allotted the following shares under the Hiscox
Approved Share Option Scheme ('Approved').



Date             Scheme   No. Shares    Ex. Price
2 April 2007   Approved       18,788       £1.020
2 April 2007   Approved        8,459       £1.281
2 April 2007   Approved       11,279       £1.702
                           ---------
                              38,526
                           ---------


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 394,685,346 ordinary shares of 5p
each.


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