Holding(s) in Company

TR-1:         Notifications of Major Interests in Shares                               
                                             

1:Identity of the issuer or the underlying issuer of existing shares to       
  which voting rights are attached:                                   Lancashire Holdings Ltd    
                                                                                       

 

2:    Reason for notification (yes/no)                                                 
                                                                                       
      An acquisition or disposal of voting rights                                         yes
                                                                                       
      An acquisition or disposal of qualifying financial instruments which may result     no 
      in the acquisition of shares already issued to which voting rights are attached        
                                                                                       
      An acquisition or disposal of instruments with similar economic effect to           no 
      qualifying financial instruments                                                       
                                                                                       
      An event changing the breakdown of voting rights                                    no 
                                                                                       
      Other (please specify):                                                             no 
                                                                                       

 

                                         
3. Full name of person(s) subject to the        
   notification obligation:                     Standard Life Investments (Holdings) Limited                       
                                                (Parent Company) - 4.567% comprised of:
                                                 Standard Life Investments Limited - 4.567%                       
                                                 Ignis Investment Services Limited - 0%        
                                                                                       
4. Full name of shareholder(s) (if                                       
   different from 3.):                           Vidacos Nominees\HSBC                                         
                                                                                       
5. Date of the transaction (and date on                                                
   which the threshold is crossed or reached):                                   02/02/2015                        
                                                                                       
                                                                
                                                                                       
6. Date on which issuer notified:        03/02/2015                                    
                                                                                       
7. Threshold(s) that is/are crossed or   5%                                            
   reached:                                                                               
                                                                                       

8:    Notified Details                                                                
                                                                                      
      A:Voting rights attached to shares                                                      
                                                                                      
     Class/type of share   If possible use ISIN code         BMG5361W1047                  
                                                                                      
                                                                                      
                                                                                      
     Situation previous to the triggering transaction                                      
                                                                                      
     Number of shares                                        Number of voting rights       
                                                                                      
     9,578,529                                               9,578,529                     
                                                                                      
                                                                                      
                                                                                      
     Resulting situation after the triggering transaction                                  
                                                                                      
     Number of shares                     Number of voting rights           Percentage of  
                                                                            voting rights  
                                                                                      
                                     Direct             Indirect           Direct Indirect
                                                                                      
     8,655,337                       5,491,059          3,164,278           2.897  1.67    
                                                                                      

 

    B:Qualifying Financial Instruments                                                      
                                                                                      
    Resulting situation after the triggering transaction                                  
                                                                                      
    Type of          Expiration Exercise/          No. of voting rights    Percentage of  
    financial        date       conversion         that may be acquired    voting rights  
    instrument                  period / date      (if the instrument                     
                                                   exercised/converted)                   
                                                                                      
                                                                                      
                                                                                      

 

C: Financial Instruments with similar economic effect to Qualifying Financial          
   Instruments                                                                            
                                                                                       
   Resulting situation after the triggering transaction                                   
                                                                                       
                                                                                       
                                                                                       
  Type of financial Exercise Expiration Exercise/  Number of voting   % of voting rights 
  instrument        price    date       Conversion rights instrument                     
                                        period     refers to                             
                                                                                       
                                                                     Nominal    Delta  

  Total (A+B+C)                                      
                                                   
  Number of voting rights     Percentage of voting rights
                                                   
  8,655,337                    4.567                      
                                                   
9. Chain of controlled undertakings through which the voting rights and/or the         
   financial instruments are effectively held, if applicable:                             
                                                                                       
   Standard Life Investments (Holdings) Limited (Parent Company) - 4.567%                 
   comprised of:                                                                          
                                                                                       
   Standard Life Investments Limited - 4.567%                                             
                                                                                       
   Ignis Investment Services Limited - 0%                                                 
                                                                                       

 

   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:                                                            
                                                                                       
                                                                                       
                                                                                       
14. Contact name:                           [e-mail]                      
                                            Standard Life Investments Ltd              
                                                                                       
                                                                                       
15. Contact telephone number:                                                          
                                            [phone]