Share Option Scheme

Hiscox Ltd
29 April 2008


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

Date                          Scheme   No. of Shares     Ex. Price

29 April 2008     Unapproved Options          30,915        £1.499
29 April 2008     Unapproved Options          33,839        £1.755
29 April 2008     Unapproved Options         112,797        £0.806
29 April 2008     Unapproved Options         128,815        £1.252
29 April 2008     Unapproved Options         103,052        £1.465


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 388,898,414 Ordinary shares of 5p
each, excluding treasury shares.

                                   SECRETARY




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