Share Option Scheme

Hiscox Ltd
06 September 2007


                                   Hiscox Ltd

HAMILTON, Bermuda; Hiscox Ltd allotted the following shares under the Hiscox UK
ShareSave Scheme ('UK ShareSave'):

Date                 Scheme             No. of Shares      Ex. Price

5 September 2007     UK ShareSave           4,642           £1.32166
                                        --------------
                                            4,642
                                        --------------

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 396,943,677 Ordinary shares of 5p
each.



SECRETARY




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