Holding(s) in Company

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

BMG5361W1047

Issuer Name

LANCASHIRE HOLDINGS LIMITED

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

JPMorgan Chase & Co.

City of registered office (if applicable)

Country of registered office (if applicable)

US

4. Details of the shareholder

Name	City of registered office	Country of registered office
J.P. Morgan Securities Plc

5. Date on which the threshold was crossed or reached

30-Nov-2022

6. Date on which Issuer notified

02-Dec-2022

7. Total positions of person(s) subject to the notification obligation

.	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	0.455358	4.565635	5.020993	12223226
Position of previous notification (if applicable)	Below minimum threshold	Below minimum threshold	Below minimum threshold

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
BMG5361W1047		1108530		0.455358
Sub Total 8.A	1108530		0.455358%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Cash-settled Equity Swap	26/01/2023	26/01/2023	Cash	1181375	0.485282
Cash-settled Equity Swap	07/02/2023	07/02/2023	Cash	464723	0.190898
Cash-settled Equity Swap	08/03/2023	08/03/2023	Cash	1495098	0.614154
Cash-settled Equity Swap	17/03/2023	17/03/2023	Cash	2013569	0.827129
Cash-settled Equity Swap	23/03/2023	23/03/2023	Cash	2126081	0.873347
Cash-settled Equity Swap	28/03/2023	28/03/2023	Cash	1000000	0.410778
Cash-settled Equity Swap	30/03/2023	30/03/2023	Cash	1041000	0.427620
Cash-settled Equity Swap	06/04/2023	06/04/2023	Cash	649000	0.266595
Cash-settled Equity Swap	19/04/2023	19/04/2023	Cash	21177	0.008693
Cash-settled Equity Swap	04/05/2023	04/05/2023	Cash	809852	0.332669
Cash-settled Equity Swap	20/06/2023	20/06/2023	Cash	12464	0.005119
Cash-settled Equity Swap	26/07/2023	26/07/2023	Cash	4635	0.001890
Cash-settled Equity Swap	03/10/2023	03/10/2023	Cash	5665	0.002327
Cash-settled Equity Swap	23/10/2023	23/10/2023	Cash	4964	0.002038
Cash-settled Equity Swap	19/12/2023	19/12/2023	Cash	47340	0.019439
Cash-settled Equity Swap	27/12/2023	27/12/2023	Cash	9119	0.003745
Cash-settled Equity Swap	03/01/2024	03/01/2024	Cash	120584	0.049532
Cash-settled Equity Swap	03/06/2024	03/06/2024	Cash	1138	0.000467
Cash-settled Equity Swap	02/02/2027	02/02/2027	Cash	86405	0.035492
Cash-settled Equity Swap	07/07/2027	07/07/2027	Cash	7	0.000002
Cash-settled Equity Swap	03/08/2027	03/08/2027	Cash	20500	0.008419
Sub Total 8.B2				11114696	4.565635%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
JPMorgan Chase & Co.	J.P. Morgan Securities plc		4.565635	5.020993%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

Chain of controlled undertakings:

JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan Capital Holdings Limited (100%)
J.P. Morgan Securities plc (100%)

12. Date of Completion

02-Dec-2022

13. Place Of Completion

London