Sharesave Scheme

Hiscox PLC
26 November 2003


26 November 2003

                                   HISCOX PLC

                                Sharesave Scheme

The board of Hiscox plc ('Hiscox') advises that on Tuesday, 25 November 2003 it
allotted a total of 26,396 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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