Share Option Scheme

Hiscox Ltd
04 April 2008


                                   Hiscox Ltd

HAMILTON, Bermuda; Hiscox Ltd allotted the following shares under the Hiscox
Unapproved Share Option Scheme ('Unapproved Options'), Hiscox Approved Share
Option Scheme ('Approved Options'), and Hiscox International Sharesave scheme
('Sharesave option'):

Date                  Scheme                  No. of           Ex. Price
                                              Shares

3 April 2008          Unapproved               8,500              £1.514
3 April 2008          Approved                   516              £1.514
3 April 2008          Sharesave option        14,584            £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 390,504,808 Ordinary shares of 5p
each, excluding treasury shares.


SECRETARY




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