Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
   of existing shares to which voting rights are                Lancashire Holdings 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):                                                                 
                                                                                        
3. Full name of person(s) subject to the                           BlackRock, Inc.       
   notification obligation:iii                                                             
                                                                                        
4. Full name of shareholder(s)                                                          
  (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
   which the threshold is crossed or                               5th April 2013       
   reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                  8th April 2013       
                                                                                        
7. Threshold(s) that is/are crossed or                       Holding has gone 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 rights x 
if possible  of              of          of shares rights                                     
using        Shares          Voting                                                           
the ISIN                     Rights      Direct    Direct xi   Indirect Direct   Indirect     
CODE                                                           xii                            
                                                                                              
BMG5361W1047 10,997,564      10,997,564  N/A       N/A         N/A      N/A      Below 5%     
                                                                                              
                                                                                              
                                                                                              
B: Qualifying Financial Instruments                                                           
                                                                                              
Resulting situation after the triggering transaction                                          
                                                                                              
Type of        Expiration       Exercise/           Number of voting            % of voting   
financial      date xiii        Conversion Period   rights that may be          rights        
instrument                      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 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                  
                                                                                              
N/A                                              Below 5%                                     
                                                                                              


9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
BlackRock Investment Management (UK) Limited - Below 5%                                 
                                                                                        
                                                                                        
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:                                                                          
                                                                                        
                                                                                        
                                           BlackRock Regulatory Threshold Reporting Team
13. Additional information:                                                             
                                                                                        
14. Contact name:                          Andrew Manchester                            
                                                                                        
15. Contact telephone number:              020 7743 5773