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 Limited
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):                        Correction of Shareholder Name           
                                                                                        
3. Full name of person(s) subject to the           Franklin Templeton Institutional, LLC
notification obligation:iii                                                             
                                                                                        
                                                             JP Morgan Chase Bank London
                                                                                        
4. Full name of shareholder(s)                                     The Bank of NY London
 (if different from 3.):iv                                                              
                                                               Northern Trust Co. London
                                                                                        
                                                                      Mellon Bank London
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                      November 30, 2010
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                       December 1, 2010
                                                                                        
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 transaction     
of           to the triggering                                                                   
shares       transaction                                                                         
                                                                                                 
                                                                                                 
if possible  Number         Number      Number       Number of voting       % of  voting rights x
using        of             of          of shares    rights                                      
the ISIN     Shares         Voting                                                               
CODE                        Rights                                                               
                                        Direct       Direct xi Indirect xii Direct  Indirect     
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
Ordinary                                                       7,634,452            5.02%        
                                                                                                 
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 rights   % of voting rights
financial                   date xvii  Conversion    instrument refers to      xix, xx           
instrument                             period xviii                                              
                                                                                                 
                                                                                                 
                                                                               Nominal Delta      
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
                                                                                                 
Total (A+B+C)                                                                                    
                                                                                                 
Number of voting rights                        Percentage of voting rights                       
                                                                                                 
7,634,452                                      5.02%                                             
                                                                                                 


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
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:                                                             
                                                                                        
                                                                           Lori A. Weber
14. Contact name:                                                                       
                                           Assistant Secretary, Franklin Resources, Inc.
                                                                                        
15. Contact telephone number:                                               954-847-2283