Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
   of existing shares to which voting rights are                    Lancashire Holdings Ltd
   attached:ii                                                                             
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                        √    
                                                                                        
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                Canada Life Group (U.K.)Limited
   notification obligation:iii                        as parent company to below mentioned 
                                                        investment management companies 
                                                       Setanta Asset Management Limited
                                                     Irish Life Investment Managers Limited  
                                                                   
4. Full name of shareholder(s)                                              
 (if different from 3.):iv                           The Canada Life Assurance Company                 
                                                     The Great-West Life Assurance Company    
                                                     London Life Insurance Company         
                                                     Mackenzie Financial Corporation -
                                                     QuadrusSetanta Global Equity Fund 
                                                     Canada Life Assurance Europe Limited     
                                                     Setanta Asset Management Funds plc        
                                                     Irish Life Assurance plc
                                                     The Reditus Umbrella Exempt Unit Trust    
                                                     Little Company of Mary Limited         
                                                     ILIM Funds plc     
                                                     Countrywide Assured plc 
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                    23rd May 2014      
reached: v                                                                              
                                                                                        
6. Date on which issuer notified:                                    29th May 2014      
                                                                                        
7. Threshold(s) that is/are crossed or                                     5%           
reached: vi, vii                                                                        
                                                                                        

8. Notified details:                                                                     
                                                                                         
A: Voting rights attached to shares viii, ix                                             
                                                                                         
Class/type   Situation previous           Resulting situation after the triggering       
of           to the triggering            transaction                                    
shares       transaction                                                                 
                                                                                         
             Number           Number      Number    Number of voting % of  voting rights 
if possible  of               of          of shares rights           x                   
using        Shares           Voting                                                     
the ISIN                      Rights      Direct    Direct Indirect  Direct  Indirect    
CODE                                                xi     xii                           
                                                                                         
                                                                                         
Lancashire                                                                               
Holdings Ltd                                                                             
BMG5361W1047                                                                                         
                                                                                         
             8,529,635        8,529,635                    9,429,635         5.08%       
                                                                             
                                                                                         
B: Qualifying Financial Instruments                                                      
                                                                                         
Resulting situation after the triggering transaction                                     
                                                                                         
Type of          Expiration    Exercise/             Number of voting       % of voting  
financial        date xiii     Conversion Period xiv rights that may be     rights       
instrument                                           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   % of voting rights
financial                     date xvii  Conversion rights instrument  xix, xx           
instrument                               period     refers to                            
                                         xviii                                           
                                                                                         
                                                                                         
                                                                       Nominal Delta     
                                                                                       
Total (A+B+C)                                                                            
                                                                                         
Number of voting rights                    Percentage of voting rights              
                                                                                         
      9,429,635                                      5.08%                  
                                                                                         
9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
                   Setanta Asset Management Limited (5.06%)                             
                                                                                        
                    Irish Life Investment Managers Limited                              
                                                                                        
Proxy Voting:                                                                           
                                                                                        
                                                                                 N/A    
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:                                                             
                                                                                        
14. Contact name:                                                      Des Murphy       
                                                                                        
15. Contact telephone number:                                        [phone]