Notifiable Interest

Lancashire Holdings Limited
05 February 2008


                          Lancashire Holdings Limited


Hamilton, Bermuda, 5 February 2008


                              NOTIFIABLE INTEREST


Lancashire Holdings Limited ('Lancashire') has been advised that Steadfast
Financial LLC ('Steadfast') has increased its notifiable ownership interest in
aggregate from 6,056,035 of Lancashire's common shares of US$0.50 par value each
to 8,564,154 common shares. Consequently, as of 4 February 2008, Steadfast's
shareholding in Lancashire represents approximately 4.70% of the total current
issued share capital of Lancashire.



For further information, please contact:

Lancashire Holdings Limited                       [phone]
Greg Lunn

Financial Dynamics                                [phone]
Rob Bailhache
Nick Henderson



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 $1 billion dollars 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.



NOTE REGARDING FORWARD-LOOKING STATEMENTS

CERTAIN STATEMENTS MADE IN THIS ANNOUNCEMENT THAT ARE NOT BASED ON CURRENT OR 
HISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE INCLUDING, WITHOUT LIMITATION, 
STATEMENTS CONTAINING WORDS 'BELIEVES', 'ANTICIPATES', 'PLANS', 'PROJECTS',
'INTENDS', 'EXPECTS', 'ESTIMATES', 'PREDICTS', 'MAY','WILL', 'SEEKS', 'SHOULD' 
OR, IN EACH CASE, THEIR NEGATIVE OR COMPARABLE TERMINOLOGY.  ALL STATEMENTS 
OTHER THAN STATEMENTS OF HISTORICAL FACTS INCLUDING, WITHOUT LIMITATION, THOSE 
REGARDING THE GROUP'S FINANCIAL POSITION, RESULTS OF OPERATIONS, LIQUIDITY, 
PROSPECTS, GROWTH, BUSINESS STRATEGY, PLANS AND OBJECTIVES OF MANAGEMENT FOR 
FUTURE OPERATIONS (INCLUDING DEVELOPMENT PLANS AND OBJECTIVES RELATING TO THE 
GROUP'S INSURANCE BUSINESS) ARE FORWARD-LOOKING STATEMENTS.  SUCH 
FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND 
OTHER IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR 
ACHIEVEMENTS OF THE GROUP TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS, 
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING 
STATEMENTS.  THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE OF THIS 
ANNOUNCEMENT OR OTHER INFORMATION CONCERNED. LANCASHIRE HOLDINGS LIMITED 
EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING (SAVE AS REQUIRED TO COMPLY 
WITH ANY LEGAL OR REGULATORY OBLIGATIONS (INCLUDING THE AIM RULES) TO 
DISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENTS CONTAINED 
HEREIN TO REFLECT ANY CHANGES IN THE GROUP'S EXPECTATIONS WITH REGARD THERETO OR
ANY CHANGE IN EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT 
IS BASED.










                      This information is provided by RNS
            The company news service from the London Stock Exchange