Director/PDMR Shareholding

Hiscox Ltd

(the 'Company')

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

Hamilton, Bermuda - The Company has been notified today that Mr Bronek Masojada, a Director, has exercised options under the Company's Performance Share Plan and sold the resulting ordinary 6.5p shares ("Shares") in the Company, as detailed below:

· On 20 April 2015, Mr Masojada exercised 100,451 options and sold the resulting Shares on the same day at a price of 837.707p each.

· On 21 April 2015, Mr Masojada exercised 113,134 options and sold the resulting Shares on the same day at a price of 837.570p each.

· On 22 April 2015, Mr Masojada exercised 76,050 options and sold the resulting Shares on the same day at a price of 831.258p each.

As a result of the above transactions Mr Masojada has sold a total of 289,635 Shares but remains interested in 3,059,944 Shares. The transactions took place in Switzerland.

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

Jeremy Pinchin

Company Secretary

Hiscox Ltd

+ 1 441 278 8300