Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i                                    
                                                                                    

 

1. Identity of the issuer or the underlying issuer of existing       Lancashire Holdings Ltd   
   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                                         
                                                                                    
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                                   X
                                                                                    
Other (please specify):                                                             
                                                                                    

 

3. Full name of person(s) subject to the notification       Franklin Mutual         
obligation: iii                                             Advisers, LLC           
                                                                                    
                                                            JP Morgan Chase Bank,   
4. Full name of shareholder(s)                              N.A., London            
   (if different from 3.): iv                               Bank of New York,London
                                  
                                                                                    
                                                                                    
                                                                                    
5. Date of the transaction and date on which the threshold  March 11, 2015          
is crossed or reached: v                                                            
                                                                                    
6. Date on which issuer notified:                           March 11, 2015          
                                                                                    
7. Threshold(s) that is/are crossed or                                              
   reached: vi, vii                                           Below 5%                
                                                                    

8. Notified details:                                                                  
                                                                                      
A: Voting rights attached to shares viii, ix                                          
                                                                                      
Class/type of   Situation previous  Resulting situation after the triggering          
shares          to the triggering   transaction                                       
                transaction                                                           
                                                                                      
if possible     Number    Number    Number       Number of voting  % of  voting rights
using           of        of        of shares    rights            x                  
the ISIN CODE   Shares    Voting                                                      
                          Rights    Direct       Direct  Indirect  Direct   Indirect  
                                                 xi      xii                          
                                                                                      
ORD USD.5                                                                             
                9,772,203 9,772,203                                         Below 5%  
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   rights that may be        rights       
                                  Period xiv   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       % of voting rights xix,
financial       price    date xvii  Conversion voting          xx                     
instrument                          period     rights                                 
                                    xviii      instrument                             
                                               refers to                              
                                                                                      
                                                                 Nominal      Delta   
                                                                                      

Total (A+B+C)                                                                         
                                                                                      
Number of voting rights                 Percentage of voting rights                   
                                                                                      
                                        Below 5%                                      
                                                                                      
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