Director/PDMR Shareholding

Hiscox Ltd

(the 'Company')

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')

Hamilton, Bermuda -

Details of awards vesting to PDMRs under the Company's Performance Share Plan were announced on 4 April 2016.

Following the vesting the Company has today been notified that Ben Walter, a PDMR, sold 8,000 ordinary shares of 6.5p ("Shares") on 5 April 2016 at a price of 9.57460p each.

The transaction took place in Switzerland.

Following the transaction Mr Walter remains interested in 83,971 Shares.

This notification is made in accordance with DTR 3.1.4R (1)(a).

Jeremy Pinchin

Company Secretary

Hiscox Ltd

+ 1 441 278 8300