Share Option Scheme

Hiscox Ltd
28 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

28 April 2008     UK SAYE Options             1,238             £2.22
28 April 2008     UK SAYE Options             1,146          £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 388,488,996 Ordinary shares of 5p
each, excluding treasury shares.


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