Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer            Lancashire Holdings       
of existing shares to which voting rights are                 Limited                   
attached:ii                                                                             
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):              
                                                                                        
An acquisition or disposal of voting rights                                             
                                                                                        
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): Change in Issued Share Capital                             X    
                                                                                        
3. Full name of person(s) subject to the             HSBC Holdings plc                  
notification obligation:iii                                                             
                                                                                        
                                                     HSBC Bank Plc                      
                                                                                        
                                                     HSBC Bank USA, National Association
                                                                                        
                                                     HSBC Global Asset Management       
                                                     (France)                           
                                                                                        
                                                     HSBC Global Asset Management       
                                                     (International) Limited            
                                                                                        
4. Full name of shareholder(s)                       HSBC Global Asset Management (UK)  
 (if different from 3.):iv                           Limited                            
                                                                                        
                                                     HSBC Investment Management         
                                                                                        
                                                     HSBC Private Bank (Luxembourg) S.A.
                                                                                        
                                                     HSBC Private Bank (Suisse) SA      
                                                                                        
                                                     HSBC Trust Company (UK) Limited    
                                                                                        
                                                     The Bank of Bermuda Limited        
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                    12th August 2013                   
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                    14th August 2013                   
                                                                                        
7. Threshold(s) that is/are crossed or               Below 5%                           
reached: vi, vii                                                                        
                                                                                        


 

8. Notified details:                                                                                
                                                                                                    
A: Voting rights attached to shares viii, ix                                                        
                                                                                                    
Class/type   Situation previous         Resulting situation after the triggering transaction        
of           to the triggering                                                                      
shares       transaction                                                                            
                                                                                                    
             Number         Number      Number     Number of voting          % of  voting           
if possible  of             of          of shares  rights                    rights x               
using        Shares         Voting                                                                  
the ISIN                    Rights      Direct     Direct xi      Indirect   Direct    Indirect     
CODE                                                              xii                               
                                                                                                    
BMG5361W1047   8,247,063     8,247,063   728,573      728,573     7,867,754  0.401%      4.333%     
                                                                                                    
                                                                                                    
                                                                                                    
B: Qualifying Financial Instruments                                                                 
                                                                                                    
Resulting situation after the triggering transaction                                                
                                                                                                    
Type of        Expiration     Exercise/             Number of voting             % of voting        
financial      date xiii      Conversion Period xiv rights that may be           rights             
instrument                                          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 rights      % of voting          
financial     price         date xvii  Conversion instrument refers to         rights xix, xx       
instrument                             period                                                       
                                       xviii                                                        
                                                                                                    
                                                                               Nominal   Delta      
                                                                                                    
                                                                                                    
                                                                                                    
                                                                                                    
                                                                                                    
Total (A+B+C)                                                                                       
                                                                                                    
Number of voting rights                  Percentage of voting rights                                
                                                                                                    
                                                                 4.734%                             
                            8,596,327                                                               
                                                                                                    


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
                                      NA                                                
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                        NA                 
                                                                                        
11. Number of voting rights proxy holder will cease                  NA                 
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                    NA                 
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:                    None                                     
                                                                                        
14. Contact name:                              Baljeet Gill                             
                                                                                        
                                               0207 991 6555                            
15. Contact telephone number:                                                           
                                               ([e-mail])