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 Ltd
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                             Woodford Investment
notification obligation:iii                                         Management LLP (WIM)
                                                                                        
4. Full name of shareholder(s)                                            Clients of WIM
 (if different from 3.):iv                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                                15.8.14
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                                18.8.14
                                                                                        
7. Threshold(s) that is/are crossed or                                                5%
reached: vi, vii                                                                        
                                                                                        


 

8. Notified details:                                                                    
                                                                                        
A: Voting rights attached to shares viii, ix                                            
                                                                                        
Class/type   Situation previous          Resulting situation after the triggering       
of           to the triggering           transaction                                    
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                     
                                                                                        
                                                                                        
                                                                                        
                                          10,482,682                                    
             8,652,281       8,652,281               10,482,682      n/a  5.51%      n/a
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  
financial                    date xvii  Conversion   rights instrument     rights xix,  
instrument                              period xviii refers to             xx           
                                                                                        
                                                                                        
                                                                                        
                                                                           Nominal Delta  
                                                                                        
                                                                                        
Total (A+B+C)                                                                           
                                                                                        
Number of voting rights                            Percentage of voting rights          
                                                                                        
10,482,682                                         5.51%                                
                                                                                        


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
Woodford Investment Management LLP as Investment Manager                                
                                                                                        
                                                                                        
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:                                                               Jon Webb
                                                                                        
15. Contact telephone number:                                               01865 809023