Director/PDMR Shareholding

Lancashire Holdings Limited

(the “Company”) or (“LHL”)

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The Company announces that, on 16 February 2018, Elaine Whelan, Executive Director and Chief Financial Officer, purchased 20,000 common shares of US$0.50 each in the Company at £5.895 per share.

Following this transaction, Elaine Whelan has an interest in the Company of 613,669 common shares (which includes 11,590 held via a connected person), representing 0.3048%.

Additionally, Elaine Whelan also holds the following interests in the Company:

Restricted Share Scheme (Performance Awards) - 337,545

(Pursuant to the Rules of the LHL Restricted Share Scheme, the number of shares that will actually vest depends on the satisfaction of certain conditions including employment, performance and time conditions). 

Restricted Share Scheme (Deferred Bonus Awards) – 37,230

(Vesting is subject to time and employment conditions only).

The notification, made in accordance with Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation,  is set out below:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Elaine Whelan
2	Reason for the notification
a)	Position/status	Executive Director and Group Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Lancashire Holdings Limited
b)	LEI	5493002UNUYXLHOWF752
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Shares of US$0.50 each ISIN: BMG5361W1047
b)	Nature of the transaction	Purchase of common shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £5.895 20,000
d)	Aggregated information	20,000 £117,900
e)	Date of the transaction	2018-02-16
f)	Place of the transaction	(XLON) London Stock Exchange – Regulated Market

Name of authorised official of issuer for making notification

Christopher Head Company Secretary 16 February 2018

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