Share Option Scheme

Hiscox Ltd
18 October 2007


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

Date                Scheme         No. of Shares      Ex. Price

18 October 2007     Unapproved            12,881         £1.514
18 October 2007     Approved              10,305         £1.514
                                  --------------
                                          23,186
                                  --------------

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 396,051,741 Ordinary shares of 5p
each.


                                   SECRETARY


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