Share Option Scheme

Hiscox Ltd
17 March 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

17 March 2008    Unapproved                 5,000             £0.806


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 391,669,170 Ordinary shares of 5p
each, excluding treasury shares.

                                   SECRETARY




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