Share Option Scheme

Hiscox Ltd
24 April 2007




HAMILTON, Bermuda; Hiscox Ltd allotted the following shares under the Hiscox
ShareSave Scheme ('ShareSave'), Hiscox International ShareSave Scheme
('International ShareSave') and the Hiscox Unapproved Share Option Scheme
('Unapproved'):



Date            Scheme                    No. Shares    Ex. Price
23 April 2007   Unapproved                30,915        £1.252
23 April 2007   International ShareSave   5,873         €1.75833
23 April 2007   International ShareSave   2,263         £1.22268
23 April 2007   ShareSave                 7,544         £1.22268
                                        -------
                                         46,595
                                        -------

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 395,246,378 Ordinary Shares of 5p
each.




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