Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons

 

1.  Name of the issuer               2.  State whether the notification related
                                         to (i) a transaction notified in      
                                         accordance with DTR 3.1.2 R, (ii) a   
                                         disclosure made in accordance with LR 
                                         9.8.6R(1) or (iii) a disclosure made  
                                         in accordance with section 793 of the 
                                         Companies Act (2006)                  
                                                                               
                                                                               
                                                                               
                                         (i) a transaction notified in         
                                         accordance with DTR 3.1.2 R, (ii) a   
                                         disclosure made in accordance with LR 
                                         9.8.6R(1)                             
    Lancashire Holdings Limited                                                
                                                                               
    (the "Company")                                                            
                                                                               
3.  Name of the person discharging   4.  State whether notification relates to 
    managerial responsibilities/         a person connected with a person      
    director                             discharging managerial                
                                         responsibilities/director named in 3  
                                         and identify connected person         
                                                                               
                                                                               
                                                                               
                                         N/A                                   
                                                                               
    William Spiegel  (Non-Executive                                            
    Director)                                                                  
                                                                               
5.  Indicate whether the             6.  Description of shares (including      
    notification is in respect of a      class), debentures or derivatives or  
    holding of the person referred       financial instruments relating to     
    to in 3 or 4 above or in respect     shares                                
    of a non-beneficial interest                                               
                                                                               
                                                                               
                                                                               
    Person referred to at 3 above.                                             
                                         Common shares of US$0.50 each         
                                                                               
                                                                               
                                                                               
7.  Name of registered shareholder   8.  State the nature of the transaction   
    (s) and, if more than one, the                                             
    number of shares held by each of                                           
    them                                                                       
                                         Sale of  63,240 shares                
                                                                               
                                                                               
    William Spiegel                                                            
                                                                               
                                                                               
                                                                               
9.  Number of shares, debentures or  10. Percentage of issued class acquired   
    financial instruments relating       (treasury shares of the class should  
    to shares acquired                   not be taken into account when        
                                         calculating percentage)               
                                                                               
                                                                               
    N/A                                                                        
                                         N/A                                   
                                                                               
                                                                               
                                                                               
11. Number of shares, debentures or  12. Percentage of issued class disposed   
    financial instruments relating       (treasury shares of the class should  
    to shares disposed                   not be taken into account when        
                                         calculating percentage)               
                                                                               
                                                                               
                                                                               
                                         0.041%                                
    63,240 shares                                                              
                                                                               
                                                                               
                                                                               
                                                                               
                                                                               
13. Price per share or value of      14. Date and place of transaction         
    transaction                                                                
                                                                               
                                         30 September  2009  - London, England 
                                                                               
    30 September  2009 - 8.126 USD                                             
                                                                               
                                                                               
                                                                               
                                                                               
                                                                               
15. Total holding following          16. Date issuer informed of transactions  
    notification and total                                                     
    percentage holding following                                               
    notification (any treasury                                                 
    shares should not be taken into                                            
    account when calculating                                                   
    percentage)                          31 January 2011                       
                                                                               
                                                                               
                                                                               
    Nil* common shares                                                         
                                                                               
                                                                               
                                                                               
    *7,000 shares belonging to a                                               
    family member previously                                                   
    included in disclosures relating                                           
    to William Spiegel are not                                                 
    included, as this person is no                                             
    longer deemed a connected                                                  
    person.                                                                    
                                                                               

 

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17. Date of grant                           18. Period during which or date on 
                                                which exercisable              
                                                                               
                                                                               
                                                                               
19. Total amount paid (if any) for grant of 20. Description of shares or       
    the option                                  debentures involved (class and 
                                                number)                        
                                                                               
                                                                             
                                                                               
21. Exercise price (if fixed at time of     22. Total number of shares or      
    grant) or indication that price is to       debentures over which options  
    be fixed at the time of exercise            held following notification    
                                                                               
                                                                               
    

23. Any additional information                        24. Name of contact and  
                                                          telephone number for 
                                                          queries              
                                                                               
    After the disposal of the securities noted in                              
    question 15 above, William Spiegel no longer                               
    holds any interests in the Company.                   Christopher Head +44 
                                                          (0) 207 264 4145     
                                                                               
                                                                               
   
Name of authorised official if issuer making notification
                                                         
                                                         
                                                         
Christopher Head                                         
                                                         
Assistant Company Secretary                              
                                                         
1 February 2011