Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
   of existing shares to which voting rights are                                           
   attached:                                                    Lancashire Holdings Limited
                                                                                        
                                                                                        
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):              
                                                                                        
   An acquisition or disposal of voting rights                                     Yes     
                                                                                        
                                                                                        
                                                                                        
   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):                                                                 
                                                                                        
                                                                                        
                                                                                        
3. Full name of person(s) subject to the                    Moore Europe Capital        
   notification obligation:                                    Management, LLP             
                                                                                        
4. Full name of shareholder(s)                                                          
  (if different from 3.):                                                                
                                                            RH Moore, LP                
                                                                                        
                                                                                        
                                                                                        
                                                            07July 2010                 
                                                                                        
5. Date of the transaction and date on                                                  
   which the threshold is crossed or                                                       
   reached:                                                                                
                                                                                        
                                                                                        
                                                                                        
6. Date on which issuer notified:                           08 July 2010                
                                                                                        
7. Threshold(s) that is/are crossed or                      Below 3%                    
   reached:                                                                                
                                                                                        
                                                                                        
                                                                                        


 

8. Notified details:                                                                                         
                                                                                                             
                                                                                                             
                                                                                                             
A: Voting rights attached to shares                                                                          
                                                                                                             
Class/             Situation previous               Resulting situation after the triggering transaction     
type of            to the triggering                                                                         
shares                transaction                                                                            
                                                                                                             
              Number             Number                       Number of voting        % of  voting rights    
if              of                 of                              rights                                    
possible      Shares             Voting          Number                                                      
using                            Rights         of shares                                                    
the ISIN                                                                                                     
CODE                                                          Direct     Indirect   Direct      Indirect     
                                                                                                             
Common      4,754,314          4,754,314        4,654,314    4,654,314     N/A       2.98%       N/A              
USD 0.50                                                                                                     
                                                                                                             
                                                                                                             
                                                                                                             
B: Qualifying Financial Instruments                                                                          
                                                                                                             
Resulting situation after the triggering transaction                                                         
                                                                                                             
                                                                  Number of voting                           
                                                                  rights that may be                         
Type of     Expiration         Exercise/                          acquired if the         % of voting        
financial   date               Conversion Period                  instrument is           rights             
instrument                                                        exercised/ converted.                      
                                                                                                             
                                                                                                             
                                                                                                             
                                                                                                             
                                                                                                             
C: Financial Instruments with similar economic effect to Qualifying Financial                                
   Instruments                                                                                                  
                                                                                                             
Resulting situation after the triggering transaction                                                         
                                                                                                             
                                                                                                             
                                                                                                             
Type of    Exercise price  Expiration date     Exercise Number of voting       % of voting rights             
financial                                      /       rights instrument                                     
instrument                                     Conversion refers to                                             
                                               period                                                        
                                                                                                             
                                                                                                             
                                                                                 Nominal          Delta      
                                                                                                             
                                                                                                             
                                                                                                             
                                                                                                             
                                                                                                             
Total (A+B+C)                                                                                                
                                                                                                             
Number of voting rights                           Percentage of voting rights                                
                                                                                                             
4,654,314                                         2.98%                                                      
                                                                                                             
                                                                                                             
                                                                                                             


 

9. Chain of controlled undertakings through which the voting rights and/or the          
   financial instruments are effectively held, if applicable:                              
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
   Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                       N/A                 
                                                                                        
11. Number of voting rights proxy holder will cease                 N/A                 
    to hold:                                                                                
                                                                                         
12. Date on which proxy holder will cease to hold                   N/A                 
    voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                 Notification using the total voting rights figure of   
13. Additional information:              156,039,146 as disclosed 7 July 2010           
                                                                                        
14. Contact name:                                     Philip Ost                        
                                                                                        
15. Contact telephone number:                    [phone]