Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1.	Name of the issuer Lancashire Holdings Limited (the “Company”)	2.	State whether the notification related to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006) (i) a transaction notified in accordance withDTR 3.1.2 R
3.	Name of the person discharging managerial responsibilities/director Tom Milligan (Non-Executive Director)	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify connected person N/A
5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest Person referred to at 3 above.	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares Common shares of US$0.50 each
7.	Name of registered shareholder(s) and, if more than one, the number of shares held by each of them Tom Milligan	8.	State the nature of the transaction Purchase of 1,000 shares
9.	Number of shares, debentures or financial instruments relating to shares acquired 1,000 shares	10.	Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage) 0.0005%
11.	Number of shares, debentures or financial instruments relating to shares disposed N/A	12.	Percentage of issued class disposed (treasury shares of the class should not be taken into account when calculating percentage) N/A
13.	Price per share or value of transaction 1,000 at £6.205 per share	14.	Date and place of transaction 25 June  2015  - London, England
15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 1,000 common shares (0.0005%)	16.	Date issuer informed of transactions 25 June 2015

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

17.	Date of grant	18.	Period during which or date on which exercisable
19.	Total amount paid (if any) for grant of the option	20.	Description of shares or debentures involved (class and number)
21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise	22.	Total number of shares or debentures over which options held following notification

23.

Any additional information

24.

Name of contact and telephone number for queries Christopher Head  [phone]

Name of authorised official if issuer making notification Christopher Head Company Secretary 26 June 2015