Disclosure and Transparency Rule 3.1.4R(1)

Hiscox Ltd

(the 'Company')

Disclosure and Transparency Rule 3.1.4R(1)

Notification of Transactions by Directors or Persons Discharging Managerial Responsibilities

Hamilton, Bermuda - In conformity with Disclosure and Transparency Rule 3.1.4R(1) Hiscox Ltd advises that on 30 December 2011, Ernst Jansen and Andrea Rosen, each purchased 4,860 and 3,629 shares in the Company, respectively, at a price of 374.6402p per share.

Charles Dupplin

Company Secretary

Hiscox Ltd

+ 1 441 278 8300