Share Option Scheme

Hiscox Ltd
23 April 2008



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

Date                        Scheme      No. of Shares        Ex. Price

22 April 2008     ShareSave Option              7,168         £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 390,705,378 Ordinary shares of 5p
each, excluding treasury shares.


                                   SECRETARY




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