Share Option Scheme

Hiscox Ltd
07 December 2007


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

Date                Scheme             No. of Shares      Ex. Price

7 December 2007     Approved           5,639              £1.574
7 December 2007     Approved           3,383              £1.702
7 December 2007     Approved           16,919             £1.702
7 December 2007     Unapproved         3,000              £0.806
7 December 2007     ShareSave Option   29,1286            £1.32166
7 December 2007     ShareSave Option   788                £2.22

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 394,425,701 Ordinary shares of 5p
each, excluding treasury shares.


                                   SECRETARY


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