Director Shareholding

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

1.	Name of the issuer Lancashire Holdings Limited	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 Alex Maloney (Executive Director and Group Chief Executive Officer)	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 Alex Maloney	8.	State the nature of the transaction Purchase of 18,955 common shares
9.	Number of shares, debentures or financial instruments relating to shares acquired 18,955 common shares	10.	Percentage of issued class acquired (treasury shares of the class should not be taken into account when calculating percentage) 0.0095%
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 18,955 at £5.265 per share	14.	Date and place of transaction 05 May 2016 – 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) Alex Maloney (Executive Director) – 445,516 (includes 100,000 via a connected person (0.2233%)	16.	Date issuer informed of transaction 06 May 2016

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 In addition to the securities noted in question 15 above,Alex Maloney also holds the following interests in the Company: Restricted Share Scheme Awards Bonus Deferral Plan – 123,621 (vesting is subject to time and employment conditions only) Restricted Share Scheme Awards– 686,771* *Pursuant to the Rules of the Restricted Share Scheme, the number of shares that will actually vest depends on the satisfaction of certain conditions including employment, performance and time conditions.	24.	Name of contact and telephone number for queries Christopher Head  [phone]

Name of authorised official of issuer for making notification Christopher Head Assistant Company Secretary 6 May  2016