Holding(s) in Company

TR-1:         Notifications of Major Interests in Shares                               

1: Identity of the issuer or the underlying issuer of existing                 Lancashire      
shares to which voting rights are attached:                                   Holdings Ltd    
                                                                                       

2:    Reason for notification (yes/no)                                                 
                                                                                       
An acquisition or disposal of voting rights                                         yes
                                                                                       
An acquisition or disposal of qualifying financial instruments which may result     no 
in the acquisition of shares already issued to which voting rights are attached        
                                                                                       
An acquisition or disposal of instruments with similar economic effect to           no 
qualifying financial instruments                                                       
                                                                                       
An event changing the breakdown of voting rights                                    yes
                                                                                       
Other (please specify):                                                             no 
                                                                                       

3. Full name of person(s) subject to the notification          Standard Life           
obligation:                                                    Investments Ltd          
                                                                         
                                                                                       
4. Full name of shareholder(s) (if different from 3.):         Vidacos Nominees        
                                                                                       

5. Date of the transaction (and date on which the threshold    18 December 2012        
is crossed or reached):                                                                

                                                                                       
6. Date on which issuer notified:                              19 December 2012         

                                                                                       
7. Threshold(s) that is/are crossed or reached:                6%                      

                                                                                       
8:    Notified Details                                                                
                                                                                      
A: Voting rights attached to shares                                                      
                                                                                      
Class/type of share   If possible use ISIN code         BMG5361W1047                  
                                                                                      
Situation previous to the triggering transaction                                      
                                                                                      
Number of shares                                        Number of voting rights       
                                                                                      
9,740,144                                               9,740,144                     
                                                                                      
Resulting situation after the triggering transaction                                  
                                                                                      
Number of shares                     Number of voting rights           Percentage of  
                                                                       voting rights  
                                                                                      
                                     Direct             Indirect       Direct Indirect
                                                                                      
9,689,054                            5,859,475          3,829,579      3.599% 2.352%  
                                                                                      

B: Qualifying Financial Instruments                                                      
                                                                                      
Resulting situation after the triggering transaction                                  
                                                                                      
Type of          Expiration Exercise/          No. of voting rights    Percentage of  
financial        date       conversion period/ that may be acquired    voting rights  
instrument                  date               (if the instrument                     
                                               exercised/converted)                   
                                                                                      

C: Financial Instruments with similar economic effect to Qualifying Financial          
Instruments                                                                            
                                                                                       
Resulting situation after the triggering transaction                                   
                                                                                       
                                                                                       
Type of financial Exercise Expiration Exercise/  Number of voting   % of voting rights 
instrument        price    date       Conversion rights instrument                     
                                      period     refers to                             
                                                                                       
                                                                     Nominal    Delta  
                                                                                       
Total (A+B+C)                                                                          
                                                                                       
Number of voting rights                  Percentage of voting rights                   
                                                                                       
9,689,054                                5.952%                                        
                                                                                       

9. Chain of controlled undertakings through which the voting rights and/or the         
financial instruments are effectively held, if applicable:                             
                                                                                       
                                                                                       
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:                       
                                                                                       
                                                                                       
13. Additional information:                                                            
                                                                                       
                                                                                       
14. Contact name:                          [e-mail]             
                                           Standard Life Investments Ltd               
                                                                                       
15. Contact telephone number:                                                          
                                           [phone]                             
                                                                                       
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