Sharesave Scheme

Hiscox PLC
02 October 2003


2 October 2003

                                  HISCOX PLC

                                Sharesave Scheme


The board of Hiscox plc advises that on 1 October 2003 it allotted a total of
13,197 ordinary shares of 5p each at an exercise price of 88.1p under the
Sharesave Scheme.

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

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