Share Option Scheme

Hiscox Ltd
18 April 2008





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


Date              Scheme        No. of Shares      Ex. Price

18 April 2008     Unapproved    41,220             £1.252
18 April 2008     Unapproved    50,763             £1.465
18 April 2008     Approved      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 390,693,058 Ordinary shares of 5p
each, excluding treasury shares.



                                   SECRETARY



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