Share Option Scheme

Hiscox PLC
05 May 2006

On 5 May 2006, Hiscox plc allotted 254,555 shares under the Hiscox Approved
Share Option Scheme ('Approved Scheme') and the Hiscox Unapproved Share Option
Scheme ('Unapproved Scheme') as set out below.

Share Option Scheme                 No. Options             Exercise Price (£)
Unapproved Scheme                        22,559                          1.755
Unapproved Scheme                        50,758                          1.574
Unapproved Scheme                        25,763                          1.465
Unapproved Scheme                        48,502                          1.281
Unapproved Scheme                        25,763                          1.252
Unapproved Scheme                        33,368                          1.020
Unapproved Scheme                        28,199                          0.806
Approved Scheme                          16,919                          1.574
Approved Scheme                           2,255                          1.281
Approved Scheme                             469                          1.020


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

The issued share capital of Hiscox plc is now 392,714,287 ordinary shares of 5p
each.



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