Sharesave Scheme

Hiscox PLC
03 February 2003



TO: CITY EDITORS      3 February 2003

FOR IMMEDIATE RELEASE


                                   HISCOX PLC

                                Sharesave Scheme


The board of Hiscox plc ('Hiscox') today allotted a total of 6,567 shares of 5p
each at an exercise price of £1.18 under the Sharesave Scheme.

These shares will rank pari passu with the existing class of ordinary 5p shares
in issue.


                      This information is provided by RNS
            The company news service from the London Stock Exchange