Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                           
                                                                                          
                                                                                          
                                                                                          
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                                              X
                                                                                          
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 the                        Franklin Mutual Advisers, 
notification obligation:iii                                     LLC                       
                                                                                          
                                                                Bank of NY London         
                                                                                          
4. Full name of shareholder(s)                                  JPMorgan Chase Bank, N.A, 
 (if different from 3.):iv                                      London                    
                                                                                          
                                                                                          
                                                                                          
5. Date of the transaction and date on                                                    
which the threshold is crossed or                               24 May 2012               
reached: v                                                                                
                                                                                          
6. Date on which issuer notified:                               25 May 2012               
                                                                                          
7. Threshold(s) that is/are crossed or                          4%                        
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 rights x
if possible  of                of             of shares       rights                                     
using        Shares            Voting                                                                    
the ISIN                       Rights         Direct          Direct xi  Indirect   Direct  Indirect     
CODE                                                                     xii                             
                                                                                                         
Ordinary                                                                                                 
             6,267,837         6,267,837                                 6,189,160          3.83%        
BMG5361W1047                                                                                             
                                                                                                         
                                                                                                         
                                                                                                         
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 price     Expiration     Exercise/        Number of voting       % of voting rights  
financial                     date xvii      Conversion       rights instrument      xix, xx             
instrument                                   period xviii     refers to                                  
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                     Nominal  Delta      
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                                         
                                                                                                         
Total (A+B+C)                                                                                            
                                                                                                         
Number of voting rights                             Percentage of voting rights                          
                                                                                                         
6,189,160                                           3.83%                                                
                                                                                                         


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                                           
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                              Amended notification due to updated calculation of common 
13. Additional information:   shares in issue.                                          
                                                                                        
                              Lori A. Weber                                             
14. Contact name:                                                                       
                              Assistant Secretary, Franklin Resources, Inc.             
                                                                                        
15. Contact telephone number: 954-847-2283