Sharesave Scheme

Hiscox PLC
19 January 2004

19 January 2004





                                   HISCOX PLC

                                Sharesave Scheme



The board of Hiscox plc ('Hiscox') advises that on Thursday, 15 January 2004 it
allotted a total of 17,813 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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