Share Option Scheme

Hiscox Ltd
26 March 2007



'On 23 March 2007 Hiscox Ltd allotted 5,225 shares at an exercise price of
£1.22268 under the Hiscox ShareSave Scheme. 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 394,617,266 ordinary shares of 5p
each.'



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