Holding(s) in Company

1st Feb 2011 15:42

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are Lancashire Holdings Ltd 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 Alken

Luxembourg S rl

notification obligation:iii 4. Full name of shareholder(s) See Above (if different from 3.):iv

5. Date of the transaction and date on which the threshold is crossed or 27th January 2011 reached: v 6. Date on which issuer notified: 31st

January 2011

7. Threshold(s) that is/are crossed or

5% reached: vi, vii 8. Notified details:

A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation after the triggering transaction of to the triggering shares transaction if possible Number Number Number Number of voting % of voting rights using of of of shares rights x the ISIN Shares Voting CODE Rights Direct Direct xi

Indirect xii Direct Indirect

BMG5361W1047 6,873,450 6,873,450 7,963,618 7,963,618 0 5.20% 0%

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. N/A N/A N/A N/A N/A 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 N/A N/A N/A N/A N/A Nominal Delta N/A N/A Total (A+B+C) Number of voting rights Percentage of voting rights 7,963,618 5.20%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Alken Fund - Pool European Opportunities - 7,735,735 shares, 5.05%

Alken Fund - Small Cap Europe Pool - 227,883 shares, 0.15%

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease

to hold: N/A

12. Date on which proxy holder will cease to hold

N/A voting rights: 13. Additional information: Not Applicable 14. Contact name: Philipp Gregor 15. Contact telephone number: (+352) 260

967 821

vendor

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Related Shares:

Lancashire Holdings