Hiscox Limited

Net Asset Value • Apr 11, 2019

National Storage Mechanism | Additional information

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RNS Number : 8284V

Hiscox Ltd

11 April 2019

Hiscox Ltd

(the 'Company')

Notification of transactions by Persons Discharging Managerial Responsibilities ('PDMR')

Hamilton, Bermuda - On 8 April 2019 awards ("Awards") were made to Executive Directors and PDMRs under the Company's Performance Share Plan approved by shareholders on 19 May 2016 to acquire ordinary 6.5p shares ("Shares") in the capital of the Company.

The Awards granted to Executive Directors are subject to performance conditions measured over the three financial years from 1 January 2019 to 31 December 2021. The performance conditions will continue to be measured against the growth in net asset value (NAV) plus dividends, measured on a per share basis, as outlined in the annual report on remuneration on pages 72-83 of the Company's Annual Report and Accounts for the year ended 31 December 2018.

60% of the Awards granted to the PDMRs listed below are subject to the same performance conditions as for Executive Directors over the three financial years from 1 January 2019 to 31 December 2021. The remaining 40% of each Award grant will vest after two years, instead of three years, and the performance condition is linked to the PDMR achieving their personal risk-based objectives.

Details of the number of Shares over which Awards were granted are set out in the table below.

Executive Directors	Awards
BE Masojada	82,000
HA Hussain	63,250
RC Watson	63,250

PDMRs	Awards
AV Brown	35,500
M Krefta	45,000
S Langan	45,000
PA Lawrence	40,000
K Markham	45,000
B Walter	52,200

The Awards were granted from Bermuda.

The notifications made in accordance with the requirements of the EU Market Abuse Regulation (EU 596/2014).

Marc Wetherhill

Company Secretary

Hiscox Ltd

+ 1 441 278 8300

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