Director/PDMR Shareholding

Hiscox Ltd

(the 'Company')

Notification of transactions by Directors or Person Discharging Managerial Responsibilities ('PDMRs')

Hamilton, Bermuda- The Company has been notified that on 6 March 2014, Mr. Bronek Masojada, a Director, exercised nil-cost options under the Performance Share Plan to acquire 561,861 ordinary shares of 5 55/89p each.

Following this transaction Mr. Masojada has a beneficial interest in 3,891,021 ordinary shares of 5 55/89p each in the Company.

This notice is made pursuant to DTR 3.1.4R

Jeremy Pinchin

Company Secretary

Hiscox Ltd

+ 1 441 278 8300