Sharesave Scheme

Hiscox PLC
25 September 2003


25 September 2003


                                   HISCOX PLC

                                Sharesave Scheme

The board of Hiscox plc ('Hiscox') advises that today it allotted a total of
19,793 shares of 5p each at an exercise price of £0.881 under the Sharesave
Scheme.

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


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