Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                              

1. Identity of the issuer or the underlying     Lancashire Holdings Limited    
   issuer of existing shares to which voting                                      
   rights are attached:(ii)                                                       

2. Reason for the notification (please tick the appropriate box or boxes):      

   An acquisition or disposal of voting rights                              Yes   
                                                                               
   An acquisition or disposal of qualifying financial instruments which           
   may result in the acquisition of shares already issued to which voting         
   rights are attached                                                            
                                                                               
   An acquisition or disposal of instruments with similar economic effect         
   to qualifying financial instruments                                            
                                                                               
   An event changing the breakdown of voting rights                               
                                                                               
   Other (please specify):                                                                      

3. Full name of person(s) subject to           Moore Europe Capital Management, LLP   
   the notification obligation: (iii)                                             
                                                                               
4. Full name of shareholder(s) (if                  RH Moore, LP               
   different from 3.): (iv)                                                       
                                                                               
5. Date of the transaction and date               05 February 2010             
   on which the threshold is crossed or                                           
   reached: (v)                                                                   
                                                                               
6. Date on which issuer notified:                 08 February 2010             
                                                                               
7. Threshold(s) that is/are crossed                   4% to 5%                 
   or reached: (vi, vii)                                                          

8. Notified details:
   A: Voting rights attached to shares (viii, ix)

Class/type of    Situation previous            Resulting situation after           
shares           to the triggering                  the triggering                
                    transaction                      transaction                  
                                                                                
if possible       Number    Number    Number       Number of         % of voting   
using               of        of     of shares       voting          rights (x)    
the ISIN CODE     Shares    Voting                   rights                        
                            Rights                                                 
                                                                                
                                      Direct    Direct   Indirect  Direct  Indirect
                                                 (xi)     (xii)                    
                                                                                
Common USD 0.50   8,008,541 8,008,541 8,556,103 8,556,103   N/A     5.02%     N/A   
                                                                           
                                                                                
B: Qualifying Financial Instruments                                             
                                                                                
   Resulting situation after the triggering transaction                            
                                                                                
   Type of financial Expiration     Exercise/       Number of voting   % of voting 
      instrument        date    Conversion Period  rights that may be    rights    
                       (xiii)         (xiv)         acquired if the                
                                                     instrument is                 
                                                      exercised/                  
                                                      converted.                  
                                                                                

C: Financial Instruments with similar economic effect to Qualifying Financial   
   Instruments xv, xvi                                                             
                                                                                
   Resulting situation after the triggering transaction                            
                                                                                
   Type of     Exercise Expiration  Exercise/    Number of voting     % of voting   
  financial     price      date     Conversion   rights instrument     rights (xix, xx)
  instrument              (xvii)     period       refers to                     
                                    (xviii)                                     
                                                                                
                                                                       Nominal   Delta 
                                                                                

Total (A+B+C)                                                                  
                                                                               
        Number of voting rights               Percentage of voting rights      
                                                                               
               8,556,103                                 5.02%                 

9. Chain of controlled undertakings through which the voting rights and/or the 
   financial instruments are effectively held, if applicable: (xxi)               
                                                                               
    N/A                                                                            

    Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                             N/A                  
                                                                               
11. Number of voting rights proxy                         N/A                  
    holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will                       N/A                  
    cease to hold voting rights:                                                   

13. Additional information:             Notification using the total voting    
                                        rights figure of                       
                                                                               
                                                      170,416,805              
                                                                               
14. Contact name:                                   Annabeth Bates             
                                                                               
15. Contact telephone number:                    [phone]          

For notes on how to complete form TR-1 please see the FSA website.