Share Option Scheme

Hiscox Ltd
14 December 2007


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

Date                 Scheme      No. of Shares   Ex. Price

14 December 2007     Approved              639      £1.702


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 393,565,832 Ordinary shares of 5p
each, excluding treasury shares.


                                   SECRETARY




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