Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer                Lancashire Holdings   
   of existing shares to which voting rights are                     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):                                                                 
                                                                                        
3. Full name of person(s) subject to the                         Franklin Templeton     
   notification obligation:iii                                      Institutional, LLC     
                                                                                        
                                                                 JP Morgan Chase Bank   
                                                                 London                 
                                                                                        
                                                                 The Bank of NY London  
                                                                                        
4. Full name of shareholder(s)                                   Northern Trust Co.     
  (if different from 3.):iv                                       London                 
                                                                                        
                                                                 Mellon Bank London     
                                                                                        
                                                                 State Street Bank and  
                                                                 Trust                  
                                                                                        
5. Date of the transaction and date on                                                  
   which the threshold is crossed or                                15 September 2011      
   reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                 16 September 2011     
                                                                                        
7. Threshold(s) that is/are crossed or                           Less than 3%           
   reached: vi, vii                                                                        
                                                                                        


 

8. Notified details:                                                                                    
                                                                                                        
A: Voting rights attached to shares viii, ix                                                            
                                                                                                        
Class/type of    Situation previous         Resulting situation after the triggering transaction        
shares           to the triggering                                                                      
                 transaction                                                                            
                                                                                                        
if possible      Number         Number      Number          Number of voting       % of  voting rights x
using            of             of          of shares       rights                                      
the ISIN CODE    Shares         Voting                                                                  
                                Rights      Direct          Direct xi Indirect xii Direct   Indirect    
                                                                                                        
Ordinary                                                                                                
                 6,047,828      3.88%                                                       Less than 3%
BMG5361W1047                                                                                            
                                                                                                        
                                                                                                        
                                                                                                        
B: Qualifying Financial Instruments                                                                     
                                                                                                        
Resulting situation after the triggering transaction                                                    
                                                                                                        
Type of financial   Expiration     Exercise/                  Number of voting           % of voting    
instrument          date xiii      Conversion Period xiv      rights that may be         rights         
                                                              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      Expiration date  Exercise/         Number of voting rights   % of voting rights
financial  price         xvii             Conversion period instrument refers to      xix, xx           
instrument                                xviii                                                         
                                                                                                        
                                                                                                        
                                                                                      Nominal Delta      
                                                                                                        
                                                                                                        
                                                                                                        
                                                                                                        
                                                                                                        
Total (A+B+C)                                                                                           
                                                                                                        
Number of voting rights                             Percentage of voting rights                         
                                                                                                        
                                                    Less than 3 %                                       
                                                                                                        


 

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