Share Option Scheme

Hiscox Ltd
04 December 2007


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

Date                 Scheme             No. of Shares       Ex. Price

4 December 2007      ShareSave Option   53,597              £1.32166


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 393,544,076 Ordinary shares of 5p
each, excluding treasury shares.


                                   SECRETARY


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