Annual Information Update

LANCASHIRE HOLDINGS LIMITED 7 April 2011 Hamilton, Bermuda Annual Information Update for the 12 months up to and including 7April 2011 In accordance with PR 5.2 Lancashire Holdings Limited (the "Company") sets out below a summary of the information that has been published or made available to the public over the previous twelve months, up to and including 7 April 2011. The Company is registered in Bermuda and is not required to file documents with Companies House in the United Kingdom. The following regulatory announcements have been made via a Regulatory Information Service: 01/04/2011 Lancashire Holdings Holding(s) in Company Limited (LRE) 31/03/2011 Lancashire Holdings Total Voting Rights Limited (LRE) 30/03/2011 Lancashire Holdings Treasury Stock - Transfers Limited (LRE) 24/03/2011 Lancashire Holdings Notice of Q1 2011 Results and Limited (LRE) Conference Call 23/03/2011 Lancashire Holdings Treasury Share Transfer Limited (LRE) 15/03/2011 Lancashire Holdings Notice of AGM and Annual Report 2010 Limited (LRE) 15/03/2011 Lancashire Holdings Q1 2011 Reported Losses and Japan Limited (LRE) Update 11/03/2011 Lancashire Holdings FRN Variable Rate Fix Limited (LRE) 10/03/2011 Lancashire Holdings Holding(s) in Company Limited (LRE) 09/03/2011 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 09/03/2011 Lancashire Holdings Holding(s) in Company Limited (LRE) 07/03/2011 Lancashire Holdings AGM Record Date Limited (LRE) 02/03/2011 Lancashire Holdings Treasury Shares - Transfers Limited (LRE) 02/03/2011 Lancashire Holdings Holding(s) in Company Limited (LRE) 02/03/2011 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 01/03/2011 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 01/03/2011 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 01/03/2011 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 28/02/2011 Lancashire Holdings Total Voting Rights Limited (LRE) 28/02/2011 Lancashire Holdings Notice of Investor Day Limited (LRE) 25/02/2011 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 24/02/2011 Lancashire Holdings Final Results - Replacement Limited (LRE) 22/02/2011 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 22/02/2011 Lancashire Holdings Holding(s) In Company Limited (LRE) 21/02/2011 Lancashire Holdings Final Results Limited (LRE) 01/02/2011 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 01/02/2011 Lancashire Holdings Holding(s) in Company Limited (LRE) 01/02/2011 Lancashire Holdings Holding(s) in Company Limited (LRE) 31/01/2011 Lancashire Holdings Total Voting Rights Limited (LRE) 13/01/2011 Lancashire Holdings SGM Special Resolutions Available for Limited (LRE) Inspection 10/01/2011 Lancashire Holdings Notice of Q4 2010 Results and Limited (LRE) Conference Call 05/01/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 04/01/2011 Lancashire Holdings Transaction in Own Shares during Close Limited (LRE) Period 04/01/2011 Lancashire Holdings Total Voting Rights Limited (LRE) 23/12/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 22/12/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 22/12/2010 Lancashire Holdings Notice of SGM Results Limited (LRE) 16/12/2010 Lancashire Holdings Total Voting Rights Limited (LRE) 14/12/2010 Lancashire Holdings FRN Variable Rate Fix Limited (LRE) 13/12/2010 Lancashire Holdings Holding(s) In Company Limited (LRE) 13/12/2010 Lancashire Holdings Holding(s) In Company Limited (LRE) 09/12/2010 Lancashire Holdings Holding(s) In Company Limited (LRE) 03/12/2010 Lancashire Holdings Holding(s) In Company Limited (LRE) 30/11/2010 Lancashire Holdings Total Voting Rights Limited (LRE) 29/11/2010 Lancashire Holdings Posting of Notice of Special General Limited (LRE) Meeting 24/11/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 23/11/2010 Lancashire Holdings Holding(s) In Company Limited (LRE) 22/11/2010 Lancashire Holdings SGM Record Date Limited (LRE) 17/11/2010 Lancashire Holdings Holding(s) In Company Limited (LRE) 08/11/2010 Lancashire Holdings 3rdQuarter Results Limited (LRE) 08/11/2010 Lancashire Holdings Director Appointment and Proposed CFO Limited (LRE) Change 29/10/2010 Lancashire Holdings Total Voting Rights Limited (LRE) 28/10/2010 Lancashire Holdings Moody's Rating Announcement Limited (LRE) 26/10/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 19/10/2010 Lancashire Holdings Directorate Change Limited (LRE) 11/10/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 30/09/2010 Lancashire Holdings Total Voting Rights Limited (LRE) 29/09/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 24/09/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 24/09/2010 Lancashire Holdings Notice of Results Limited (LRE) 21/09/2010 Lancashire Holdings Appointment of LICL Head of Limited (LRE) Underwriting 17/09/2010 Lancashire Holdings Transaction In Own Shares Limited (LRE) 16/09/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 15/09/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 13/09/2010 Lancashire Holdings FRN Variable Rate Fix Limited (LRE) 13/09/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 13/09/2010 Lancashire Holdings Share Repurchase Programme Update Limited (LRE) 13/09/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 10/09/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 10/09/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 09/09/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 08/09/2010 Lancashire Holdings Transaction in own Shares Limited (LRE) 02/09/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 01/09/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 31/08/2010 Lancashire Holdings Total Voting Rights Limited (LRE) 31/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 27/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 26/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 25/08/2010 Lancashire Holdings Transaction in own Shares Limited (LRE) 24/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 23/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 20/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 19/08/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 19/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 18/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 17/08/2010 Lancashire Holdings Transaction in own Shares Limited (LRE) 16/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 13/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 12/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 11/08/2010 Lancashire Holdings Director / PDMR Shareholding Limited (LRE) 11/08/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 11/08/2010 Lancashire Holdings Transcation in Own Shares Limited (LRE) 10/08/2010 Lancashire Holdings Holding(s) In Company Limited (LRE) 06/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 05/08/2010 Lancashire Holdings Q2 2010 Results Limited (LRE) 05/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 05/08/2010 Lancashire Holdings Director Appointment Limited (LRE) 04/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 03/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 02/08/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 30/07/2010 Lancashire Holdings Total Voting Rights Limited (LRE) 30/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 29/07/2010 Lancashire Holdings Appointment of Group Marketing Director Limited (LRE) 29/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 28/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 27/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 26/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 23/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 22/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 21/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 20/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 19/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 16/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 15/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 14/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 13/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 12/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 09/07/2010 Lancashire Holdings Holding(s) In Company Limited (LRE) 09/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 08/07/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 08/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 07/07/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 07/07/2010 Lancashire Holdings Directorate Change Limited (LRE) 07/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 07/07/2010 Lancashire Holdings Director / PDMR Shareholding Limited (LRE) 06/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 02/07/2010 Lancashire Holdings Transaction in Own Shares during Close Limited (LRE) Period 01/07/2010 Lancashire Holdings Share Repurchase Related Party Limited (LRE) Transaction 01/07/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 30/06/2010 Lancashire Holdings Total Voting Rights Limited (LRE) 30/06/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 29/06/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 29/06/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 28/06/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 28/06/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 28/06/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 25/06/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 25/06/2010 Lancashire Holdings Notice of Results Limited (LRE) 25/06/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 24/06/2010 Lancashire Holdings Transaction In own shares Limited (LRE) 22/06/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 21/06/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 18/06/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 16/06/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 15/06/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 14/06/2010 Lancashire Holdings FRN Variable Rate Fix Limited (LRE) 11/06/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 11/06/2010 Lancashire Holdings Transaction in Own Shares Limited (LRE) 10/06/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 10/06/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 10/06/2010 Lancashire Holdings Director / PDMR Shareholding Limited (LRE) 10/06/2010 Lancashire Holdings Share Repurchase Programme Update Limited (LRE) 09/06/2010 Lancashire Holdings PDMR Shareholding Limited (LRE) 04/06/2010 Lancashire Holdings AGM Resolutions Posted to FSA Limited (LRE) 03/06/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 02/06/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 28/05/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 28/05/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 28/05/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 28/05/2010 Lancashire Holdings Notification of Major Interest in Limited (LRE) Shares 28/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 26/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 25/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 24/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 21/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 20/05/2010 Lancashire Holdings Holding(s) in Company Limited (LRE) 20/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 19/05/2010 Lancashire Holdings Statement re S&P Rating Upgrades Limited (LRE) 19/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 18/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 17/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 14/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 14/05/2010 Lancashire Holdings Notification of Major Interest in Limited (LRE) Shares 13/05/2010 Lancashire Holdings Transaction In own shares Limited (LRE) 12/05/2010 Lancashire Holdings Director/PDMR Shareholding Limited (LRE) 12/05/2010 Lancashire Holdings Results of Intraday share repurchase Limited (LRE) 11/05/2010 Lancashire Holdings Intention to conduct intraday share Limited (LRE) repurchase 11/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 10/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 07/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 06/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 05/05/2010 Lancashire Holdings Results of AGM Limited (LRE) 05/05/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 05/05/2010 Lancashire Holdings 1stQuarter Results Limited (LRE) 30/04/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 30/04/2010 Lancashire Holdings Total Voting Rights Limited (LRE) 30/04/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 29/04/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 28/04/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 28/04/2010 Lancashire Holdings Directorate Change Limited (LRE) 27/04/2010 Lancashire Holdings Transaction in own shares Limtied (LRE) 26/04/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 26/04/2010 Lancashire Holdings US$200 Million Credit Facility Limited (LRE) 23/04/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 22/04/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 20/04/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 19/04/2010 Lancashire Holdings Transaction in own shares Limited (LRE) 16/04/2010 Lancashire Holdings Annual Information Update Limited (LRE) Any related documents are available for inspection via the National Storage Mechanism at www.hemscott.com/nsm.do The Company's Annual Report for the year ended 31 December 2010 can be found on the Company's website www.lancashiregroup.com. Copies of all the documents referred to are also available for inspection at the Company's Bermuda office at Power House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda during normal business hours on week days. In accordance with Article 27 (3) of the Prospectus Directive Regulations, it is acknowledged that the information referred to in this Annual Information Update was up to date at the time it was published but such disclosures may now be or may at any time become out of date. For further information, please contact: Lancashire Holdings Limited +44 (0)20 7264 4145 Christopher Head chris.head@lancashiregroup.com Jonny Creagh-Coen +44 (0)20 7264 4066 jonny.creagh-coen@lancashiregroup.com Haggie Financial +44 (0)20 7417 8989 Peter Rigby (Peter Rigby mobile 07803851426) About Lancashire Lancashire, through its UK and Bermuda-based insurance subsidiaries, is a global provider of specialty insurance products. The Group companies carry the following ratings: Financial Long Term Issuer Outlook Strength Rating (2) Rating (1) A.M. Best A- BBB- Positive Standard & Poor's A- BBB Stable Moody's A3 Baa2 Stable (1)Financial Strength Rating applies to Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited (2) Long Term Issuer Rating applies to Lancashire Holdings Limited Lancashire has capital in excess of $1 billion and its Common Shares trade on the main market of the London Stock Exchange under the ticker symbol LRE. Lancashire is headquartered at Power House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda. The mailing address is Lancashire Holdings Limited, P.O. Box HM 2358, Hamilton HM HX, Bermuda. For more information on Lancashire, visit the Company's website at www.lancashiregroup.com Lancashire Insurance Company (UK) Limited is regulated by the Financial Services Authority in the UK. Lancashire Marketing Services (Middle East) Limited is authorised and regulated by the Dubai Financial Services Authority. Lancashire Insurance Company Limited is regulated by the Bermuda Monetary Authority in Bermuda. NOTE REGARDING FORWARD-LOOKING STATEMENTS: CERTAIN STATEMENTS AND INDICATIVE PROJECTIONS (WHICH MAY INCLUDE MODELED LOSS SCENARIOS) MADE THAT ARE NOT BASED ON CURRENT OR HISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE INCLUDING WITHOUT LIMITATION, STATEMENTS CONTAINING THE WORDS 'BELIEVES', 'ANTICIPATES', 'PLANS', 'PROJECTS', 'FORECASTS', 'GUIDANCE', 'INTENDS', 'EXPECTS', 'ESTIMATES', 'PREDICTS', 'MAY', 'CAN', 'WILL', 'SEEKS', 'SHOULD', OR, IN EACH CASE, THEIR NEGATIVE OR COMPARABLE TERMINOLOGY. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACTS INCLUDING, WITHOUT LIMITATION, THOSE REGARDING THE GROUP'S FINANCIAL POSITION, RESULTS OF OPERATIONS, LIQUIDITY, PROSPECTS, GROWTH, CAPITAL MANAGEMENT PLANS, BUSINESS STRATEGY, PLANS AND OBJECTIVES OF MANAGEMENT FOR FUTURE OPERATIONS (INCLUDING DEVELOPMENT PLANS AND OBJECTIVES RELATING TO THE GROUP'S INSURANCE BUSINESS) ARE FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE GROUP TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO: THE NUMBER AND TYPE OF INSURANCE AND REINSURANCE CONTRACTS THAT WE WRITE; THE PREMIUM RATES AVAILABLE AT THE TIME OF SUCH RENEWALS WITHIN OUR TARGETED BUSINESS LINES; THE LOW FREQUENCY OF LARGE EVENTS; UNUSUAL LOSS FREQUENCY; THE IMPACT THAT OUR FUTURE OPERATING RESULTS, CAPITAL POSITION AND RATING AGENCY AND OTHER CONSIDERATIONS HAVE ON THE EXECUTION OF ANY CAPITAL MANAGEMENT INITIATIVES; THE POSSIBILITY OF GREATER FREQUENCY OR SEVERITY OF CLAIMS AND LOSS ACTIVITY THAN OUR UNDERWRITING, RESERVING OR INVESTMENT PRACTICES HAVE ANTICIPATED; THE RELIABILITY OF, AND CHANGES IN ASSUMPTIONS TO, CATASTROPHE PRICING, ACCUMULATION AND ESTIMATED LOSS MODELS; LOSS OF KEY PERSONNEL; A DECLINE IN OUR OPERATING SUBSIDIARIES' RATING WITH RATING AGENCIES; INCREASED COMPETITION ON THE BASIS OF PRICING, CAPACITY, COVERAGE TERMS OR OTHER FACTORS; A CYCLICAL DOWNTURN OF THE INDUSTRY; THE IMPACT OF A DETERIORATING CREDIT ENVIRONMENT CREATED BY THE FINANCIAL MARKETS; A RATING DOWNGRADE OF, OR A MARKET DECLINE IN, SECURITIES IN OUR INVESTMENT PORTFOLIO; CHANGES IN GOVERNMENTAL REGULATIONS OR TAX LAWS IN JURISDICTIONS WHERE LANCASHIRE CONDUCTS BUSINESS; LANCASHIRE OR ITS BERMUDIAN SUBSIDIARY BECOMING SUBJECT TO INCOME TAXES IN THE UNITED STATES OR THE UNITED KINGDOM; AND THE EFFECTIVENESS OF OUR LOSS LIMITATION METHODS. ANY ESTIMATES RELATING TO LOSS EVENTS INVOLVE THE EXERCISE OF CONSIDERABLE JUDGEMENT AND REFLECT A COMBINATION OF GROUND-UP EVALUATIONS, INFORMATION AVAILABLE TO DATE FROM BROKERS AND INSUREDS, MARKET INTELLIGENCE, INITIAL AND/OR TENTATIVE LOSS REPORTS AND OTHER SOURCES. JUDGEMENTS IN RELATION TO LOSS ARISING FROM NATURAL CATASTROPHE AND MAN MADE EVENTS INVOLVE COMPLEX FACTORS POTENTIALLY CONTRIBUTING TO THESE TYPES OF LOSS, AND WE CAUTION AS TO THE PRELIMINARY NATURE OF THE INFORMATION USED TO PREPARE ANY SUCH ESTIMATES. THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE OF PUBLICATION. LANCASHIRE HOLDINGS LIMITED EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING (SAVE AS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY OBLIGATIONS (INCLUDING THE RULES OF THE LONDON STOCK EXCHANGE)) TO DISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENTS TO REFLECT ANY CHANGES IN THE GROUP'S EXPECTATIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT IS BASED.

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