Share Option Scheme

Hiscox Ltd
04 June 2007


HAMILTON, Bermuda; Hiscox Ltd allotted the following shares under the Hiscox
Unapproved Share Option Scheme:


Date          Scheme        No. Shares   Ex. Price
16 May 2007   Unapproved        26,024      £1.514
16 May 2007   Unapproved        51,526      £1.499
16 May 2007   Approved          15,196      £1.514
                               
                               -------
                                92,746
                               -------

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 396,484,239 Ordinary shares of 5p
each.




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