Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                          
                                                                                        
                                                                                        
                                                                                        
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            HSBC Holdings plc                   
notification obligation:iii                                                             
                                                                                        
                                                    HSBC Bank plc                       
                                                                                        
                                                    HSBC Global Asset Management        
                                                    (France)                            
                                                                                        
                                                    HSBC Global Asset Management (UK)   
                                                    Limited                             
                                                                                        
                                                    HSBC Investment Management          
4. Full name of shareholder(s)                                                          
 (if different from 3.):iv                          HSBC Private Bank (Luxembourg) S.A. 
                                                                                        
                                                    HSBC Private Bank (Suisse) SA       
                                                                                        
                                                    HSBC Trust Company (UK) Limited     
                                                                                        
                                                    INKA Internationale                 
                                                    Kapitalanlagegesellschft mbH,       
                                                    Dusseldorf                          
                                                                                        
                                                    The Bank of Bermuda Limited         
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                   04th November 2013                  
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                   08th November 2013                  
                                                                                        
7. Threshold(s) that is/are crossed or              Below Disclosure Threshold          
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                               
                                                                                                 
                                           Below      Below      Below      Below      Below     
BMG5361W1047    5,489,675     5,489,675  Disclosure Disclosure Disclosure Disclosure Disclosure  
                                         Threshold  Threshold  Threshold  Threshold  Threshold   
                                                                                                 
                                                                                                 
                                                                                                 
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 price Expiration Exercise/  Number of voting rights      % of voting      
financial                    date xvii  Conversion instrument refers to         rights xix, xx   
instrument                              period                                                   
                                        xviii                                                    
                                                                                                 
                                                                                Nominal Delta    
                                                                                                
                                                                                                 
Total (A+B+C)                                                                                    
                                                                                                 
Number of voting rights                         Percentage of voting rights                      
                                                                                                 
          Below Disclosure Threshold                      Below Disclosure Threshold             
                                                                                                 


 

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])