Notification of Transactions by Directors

Hiscox Ltd

(the 'Company')

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

Hamilton, Bermuda - In accordance with Disclosure Transparency Rule 3.1.4R(1) the Company announces that on 8 May 2013 the following Director exercised options under its Unapproved Share Option Scheme ('Options') over ordinary shares of 5 55/89p each in the Company ('Shares'), as detailed below.

Mr BE Masojada exercised Options to purchase 206,104 Shares at 151.4p per share.

Jeremy Pinchin

Company Secretary

Hiscox Ltd

+ 1 441 278 8300