Holding(s) in Company

Lancashire Holdings Limited
11 May 2007


                          Lancashire Holdings Limited

11 May 2007

                             Holding(s) in Company

Lancashire Holdings Limited (the 'Company') was advised on 10 May 2007 that
Steadfast Financial LLC has a notifiable interest in 6,056,035 of the Company's
issued common shares of $0.50 each. The shares are held by the following
registered holders:

Steadfast Capital, L.P.           990,321
American Steadfast, L.P.          2,002,444
Steadfast International Ltd.      3,063,270

The combined holding represents 3.1% of the Company's total issued share
capital.

For further information, please contact:

Lancashire Holdings
Neil McConachie                             [phone]
Greg Lunn                                   [phone]

Financial Dynamics                          [phone]
Robert Bailhache
Nick Henderson

www.lancashiregroup.com


About Lancashire

Lancashire, through its UK and Bermuda-based insurance subsidiaries, is a global
provider of specialty insurance  products.  Its insurance subsidiaries carry the
Lancashire group rating of A minus (Excellent) from A.M. Best with a  stable
outlook.  Lancashire has capital in excess of US$1 billion and its common shares
trade on AIM under the ticker  symbol LRE.  Lancashire is headquartered at
Mintflower Place, 8 Par-La-Ville Road, Hamilton HM 08, Bermuda.  The  mailing
address is Lancashire Holdings Limited, P.O. Box HM 2358, Hamilton HM HX,
Bermuda.  For more information on  Lancashire, visit the Company's website at
www.lancashiregroup.com.





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