Share Option Scheme

Hiscox Ltd
06 May 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

02 May 2008     Unapproved Options          11,279              £1.755
06 May 2008     Unapproved Options          15,457              £1.499


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 389,100,150 Ordinary shares of 5p
each, excluding treasury shares.


                                   SECRETARY



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