Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer        Lancashire Holdings Limited     
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                                    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               HSBC Holdings plc                
notification obligation:iii                                                             
                                                                                        
                                                       HSBC Bank Plc                    
                                                                                        
                                                       HSBC Bank USA, National          
                                                       Association                      
                                                                                        
                                                       HSBC Global Asset Management     
                                                       (France)                         
                                                                                        
                                                       HSBC Global Asset Management (UK)
4. Full name of shareholder(s)                         Limited                          
 (if different from 3.):iv                                                              
                                                       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                      08th October 2013                
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                      14th October 2013                
                                                                                        
7. Threshold(s) that is/are crossed or                 Above 3%                         
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                                                                                
                                                                                                        
                                                                                                        
if possible  Number            Number       Number       Number of voting        % of  voting rights    
using        of                of           of shares    rights                  x                      
the ISIN     Shares            Voting                                                                   
CODE                           Rights                                                                   
                                            Direct       Direct xi  Indirect xii Direct   Indirect      
                                                                                                        
                                                                                                        
               Below Initial      Below                                                                 
BMG5361W1047     Threshold       Initial     1,241,435   1,241,435   4,248,240   0.683%      2.337%     
                                Threshold                                                               
                                                                                                        
                                                                                                        
                                                                                                        
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 rights    % of voting rights   
financial                      date xvii  Conversion    instrument refers to       xix, xx              
instrument                                period xviii                                                  
                                                                                                        
                                                                                                        
                                                                                   Nominal  Delta       
                                                                                                        
                                                                                                      
                                                                                                        
Total (A+B+C)                                                                                           
                                                                                                        
Number of voting rights                                Percentage of voting rights                      
                                                                                                        
                      5,489,675                                            3.020%                       
                                                                                                        


 

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])