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                    Legal & General Group Plc (L
notification obligation:                                                &G)             
                                                                                        
                                                                                        
                                                                                        
4. Full name of shareholder(s)                               Legal & General Assurance  
 (if different from 3.):                                      Society Limited (LGAS &   
                                                                       LGPL)            
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                  21 April 2011        
reached:                                                                                
                                                                                        
                                                                                        
                                                                                        
6. Date on which issuer notified:                                  27 April 2011        
                                                                                        
7. Threshold(s) that is/are crossed or                                                  
reached:                                                        L&G (From 5% to 6%)     
                                                                                        
                                                                                        
                                                                                        


 

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     
                                                                                                                 
                          9,269,394                                                                              
Common                                                                                                           
USD 0.50                                             9,410,720    9,410,720              6.04%                   
                                                                                                                 
                     (As on 31/03/2011)                                                                          
                                                                                                                 
                                                                                                                 
                                                                                                                 
B: Qualifying Financial Instruments                                                                              
                                                                                                                 
Resulting situation after the triggering transaction                                                             
                                                                                                                 
                                                                    Number of voting                             
                                                                    rights that may be                           
Type of financial Expiration         Exercise/                      acquired if the          % of voting         
instrument        date               Conversion Period              instrument is            rights              
                                                                    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 rights    % of voting rights            
financial                                          /    instrument refers to                                     
instrument                                         Conversion                                                     
                                                   period                                                          
                                                                                                                 
                                                                                                                 
                                                                                      Nominal         Delta      
                                                                                                                 
                                                                                                                 
                                                                                                                 
                                                                                                                 
                                                                                                                 
Total (A+B+C)                                                                                                    
                                                                                                                 
Number of voting rights                              Percentage of voting rights                                 
                                                                                                                 
                                                                                                                 
                                                                                                                 
                      9,410,720                                                 6.04%                            
                                                                                                                 
                                                                                                                 
                                                                                                                 


 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                              
                                                                                        
                                                                                        
                                                                                        
Legal & General Group Plc (Direct and Indirect) (Group) ( 10,856,030                    
-6.97%= Total Position)                                                                 
                                                                                        
Legal & General Investment Management (Holdings) Limited (LGIMH)                        
(Direct and Indirect)  ( 10,856,030 -6.97%= Total Position)                             
                                                                                        
Legal & General Investment Management Limited (Indirect) (LGIM) (                       
10,856,030 -6.97%= Total Position)                                                      
                                                                                        
Legal & General Group Plc (Direct) (L&G) ( 9,410,720 - 6.04%=LGAS, LGPL & PMC)          
                                                                                        
Legal & General Investment Management (Holdings)     Legal & General Insurance          
Limited (Direct) (LGIMHD)                            Holdings Limited (Direct)          
                                                     (LGIH) ( 4,801,981 -3.08%=         
                                                     LGAS & LGPL)                       
                                                                                        
Legal & General Assurance (Pensions Management)      Legal & General Assurance          
Limited  (PMC)                                       Society Limited  (LGAS &           
                                                     LGPL) ( 4,801,981 -3.08%=          
                                                     LGAS & LGPL)                       
                                                                                        
                                                     Legal & General Pensions           
                                                     Limited (Direct)  (LGPL)           
                                                                                        
                                                                                        
                                                                                        
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:                          155,653,982                        
                                                                                        
14. Contact name:                                  Paul Toon (LGIM)                     
                                                                                        
15. Contact telephone number:                       020 3124 3854