Share Option Scheme

Hiscox PLC
22 May 2006

On 5 May 2006, Hiscox plc allotted 21,890 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
                                                                           (£)

Approved Scheme                                 1,136                    1.051
Unapproved Scheme                               9,809                    1.051
Unapproved Scheme                              10,945                    0.831

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 392,945,296 ordinary shares of 5p
each.




                      This information is provided by RNS
            The company news service from the London Stock Exchange