Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer       Lancashire Holdings Limited       
   of existing shares to which voting rights are                                    
   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             HSBC Holdings plc                  
notification obligation:iii                                                             
                                                                                        
                                                     HSBC Bank Plc                      
                                                                                        
                                                     HSBC Bank USA, National Association
                                                                                        
                                                     HSBC Global Asset Management       
                                                     (France)                           
                                                                                        
                                                     HSBC Global Asset Management       
                                                     (International) Limited            
                                                                                        
4. Full name of shareholder(s)                       HSBC Global Asset Management (UK)  
 (if different from 3.):iv                           Limited                            
                                                                                        
                                                     HSBC Investment Management         
                                                                                        
                                                     HSBC Private Bank (Luxembourg) S.A.
                                                                                        
                                                     HSBC Private Bank (Suisse) SA      
                                                                                        
                                                     HSBC Trust Company (UK) Limited    
                                                                                        
                                                     The Bank of Bermuda Limited        
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                    21st August 2013                   
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                    23rd August 2013                   
                                                                                        
7. Threshold(s) that is/are crossed or               Below 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                                                                         
                                                                                                 
             Number         Number      Number       Number of voting     % of  voting rights x  
if possible  of             of          of shares    rights                                      
using        Shares         Voting                                                               
the ISIN                    Rights      Direct       Direct xi Indirect   Direct   Indirect      
CODE                                                           xii                               
                                                                                                 
                                                                                                 
BMG5361W1047   9,737,639     9,737,639   1,411,352   1,411,352 7,455,782   0.776%     4.102%     
                                                                                                 
                                                                                                 
                                                                                                 
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 Exercise/    Number of voting rights % of voting rights   
financial     price         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                        
                                                                                                 
                  8,867,134                                        4.878%                        
                                                                                                 

9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                                                                                        
                                                                                        
                                      NA                                                
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                                        NA                 
                                                                                        
11. Number of voting rights proxy holder will cease                  NA                 
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                    NA                 
voting rights:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
13. Additional information:                    None                                     
                                                                                        
14. Contact name:                              Baljeet Gill                             
                                                                                        
                                               0207 991 6555                            
15. Contact telephone number:                                                           
                                               ([e-mail])