Sharesave Scheme

Hiscox PLC
30 June 2003



                                                                    30 June 2003

                                   HISCOX PLC

                                SHARESAVE SCHEME

The board of Hiscox plc advises that today it allotted a total of 2,872 shares
of 5p each at an exercise price of £1.078 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