Notice of Q4 2008 Results and Conference Call

Lancashire Holdings Limited                          

Hamilton, Bermuda

7 January 2009

                 Notice of Q4 2008 Results and Conference Call                 

Lancashire Holdings Limited ("Lancashire") will be announcing 2008 fourth
quarter results at 7:00am UK time on Monday 16 February 2009 and hosting an
analyst and investor conference call at 1:00pm UK time / 8:00 am EST on Monday
16 February 2009.

The conference call will be hosted by Richard Brindle, Chief Executive Officer,
Simon Burton, Deputy Chief Executive Officer and Neil McConachie, Chief
Financial Officer.

The call can be accessed by dialing [phone] / [phone] with
the passcode 6603024. A replay facility will be available for two weeks until
Monday 2 March 2009. The dial in number for the replay facility is +44 (0) 207
806 1970 / + 1 718 354 1112 and the passcode is 6603024#.

For further information, please contact:

Lancashire Holdings                     [phone]                   
                                                                               
Jonny Creagh-Coen                                                              
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.