Hiscox Regulatory News (HSX)

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

1. Name of the issuer

Hiscox Ltd

2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(c) a disclosure made in accordance with section 793 of the Companies Act 2006 to the extent that it relates to the interests of a director or, as far as the issuer is aware, any connected person.

This is a transaction notified in accordance with DR 3.1.4 R(1)(a)

3. Name of person discharging managerial responsibilities/director

Bronislaw Edmund Masojada

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

This notification relates to the person identified in 3 above.

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

This notification relates to the person identified in 3 above.

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

Ordinary shares of 5p each

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Bronislaw Edmund Masojada

8 State the nature of the transaction

Transfer of shares at nil cost to charitable trust

9. Number of shares, debentures or financial instruments relating to shares acquired

Nil

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

N/A

11. Number of shares, debentures or financial instruments relating to shares disposed

50,000

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

0.01%

13. Price per share or value of transaction

Nil

14. Date and place of transaction

21 December 2010, Bermuda

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

3,504,717 (0.94%) 

16. Date issuer informed of transaction

21 December 2010

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17 Date of grant

N/A

18. Period during which or date on which it can be exercised

N/A

19. Total amount paid (if any) for grant of the option

N/A

20. Description of shares or debentures involved (class and number)

N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

N/A

22. Total number of shares or debentures over which options held following notification

N/A

23. Any additional information

N/A

24. Name of contact and telephone number for queries

Charles Dupplin +1 441 278 8300

Name and signature of duly authorised officer of issuer responsible for making notification

Charles Dupplin, Company Secretary

Date of notification

22 December 2010