Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                         
                                                                                        
                                                                                        
1. Identity of the issuer or the underlying issuer             Lancashire Holdings Limited
   of existing 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                                       x     
                                                                                        
   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                                        
                                                                                        
   Other (please specify):                                                                 
                                                                                        
3. Full name of person(s) subject to the                                 Frank W. Cawood
   notification obligation:iii                                                             
                                                                       Timothy W. Anders
                                                                
4. Full name of shareholder(s)
    (if different from 3.):iv                                      Vidacos Nominees Ltd. 
                                                        in respect of the interests for:
                                                                                        
                                                                    Frank W. Cawood IRA,
                                                         Timothy W. Anders 401K Account, 
                                                       Frank W.Cawood & Associates,Inc.,
                                                            The Cawood Foundation, Inc., 
                                                                    Gayle R. Cawood IRA,
                                                Irrevocable Living Trusts(7)FBO Nathan
                                                      Paul Cruver, Joelle Rachel Cruver, 
                                                Andrew Reuben Cruver, Seth David Cruver, 
                                                Natalie C. Cruver, Benjamin John Cawood, 
                                                                    Joseph Louis Cawood, 
                                                             The Cawood Family SO, Inc.,
                                                                           Sandra Evans, 
                                                                      Sandra Evans, IRA, 
                                                       Miriam McFarland and Peter Sautov
                                                                                        
                                                                                        
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                          March 9, 2015
reached: v                                                                              
                                                                           
6. Date on which issuer notified:                                          March 9, 2015             
                                                                                        
7. Threshold(s) that is/are crossed or                                          Below 6%
reached: vi, vii                                                                        
                                                                                        

8. Notified details:                                                                              
                                                                                                  
A: Voting rights attached to shares viii, ix                                                      
                                                                                                  
Class/    Situation previous                 Resulting situation after the triggering transaction 
type of   to the triggering                                                                       
shares    transaction                                                                             
                                                                                                  
if        Number                Number       Number    Number of voting        % of  voting rights
possible  of                    of           of shares rights                  x                  
using     Shares                Voting                                                            
the ISIN                        Rights                                                            
CODE                                         Direct    Direct xi Indirect xii  Direct  Indirect   
                                                                                                  
Common                                                                                            
Share     1,989,851             1,989,851    9,704,820 9,704,820 770,393       4.907%  0.390%     
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
B: Qualifying Financial Instruments                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of      Expiration          Exercise/              Number of voting             % of voting  
financial    date xiii           Conversion Period xiv  rights that may be           rights       
instrument                                              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 price      Expiration Exercise/   Number of voting rights    % of voting     
financial                       date xvii  Conversion  instrument refers to       rights xix, xx  
instrument                                 period                                                 
                                           xviii                                                  
                                                                                  Nominal Delta     
                                                                                                  
                                                                                                  
                                                                                                  
Total (A+B+C)                                                                                     
                                                                                                  
Number of voting rights                             Percentage of voting rights                   
                                                                                                  
10,475,213                                          5.297%                                        
                                                                                                  



9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable: xxi                          
                                                                                        
Frank W. Cawoodcontrols the voting rights for the Frank W. Cawood IRA, Frank W.         
Cawood & Associates, Inc. and for The Cawood Foundation, Inc. Mr. Cawood may be         
deemed to have voting control for The Cawood Foundation, Inc. shares, but he            
disclaims any beneficial ownership.                                                     
                                                                                        
Timothy W. Anders controls the voting rights for Timothy W. Anders 401K Account         
and as the Trustee for Irrevocable Living Trusts (7) FBO Nathan Paul Cruver,            
Joelle Rachel Cruver, Andrew Reuben Cruver, Seth David Cruver, Natalie C.               
Cruver, Benjamin John Cawood and Joseph Louis Cawood.  Mr. Anders may be deemed         
to have voting control for Irrevocable Living Trust shares, but he disclaims            
any beneficial ownership.                                                               
                                                                                        
Gayle R. Cawood controls the voting rights for the Gayle R. Cawood IRA                  
Account.                                                                                
                                                                                        
Sandra Evans controls the voting rights for the Sandra Evans IRA Account and         
the Sandra Evans Account.         
                                                                                        
Miriam McFarland controls the voting rights for the Miriam McFarland Account.           
                                                                                        
Peter Sautov controls the voting rights for the Peter Sautov Account                    
                                                                                        
                                                                                        
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:                                                                          
                                                                                        
                                                                                        
                                                                                        
                                       This information is to the best of our knowledge.
13. Additional information:                                                             
                                 Cashless Exercise of warrants caused lesser percentage.
                                                                                        
14. Contact name:                                                      Timothy W. Anders
                                                                                        
15. Contact telephone number:                                               770-487-6307