Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer Lancashire Holdings of existing shares to which voting rights are Limited 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 HSBC Holdings plc notification obligation:iii HSBC Bank plc HSBC Bank USA, National Association HSBC Global Asset Management (France) HSBC Global Asset Management (International) Limited 4. Full name of shareholder(s) HSBC Global Asset (if different from 3.):iv Management (UK) Limited HSBC Investment Management HSBC Private Bank (Suisse) SA HSBC Trust Company (UK) Limited The Bank of Bermuda Limited 5. Date of the transaction and date on which the threshold is crossed or 10th April 2013 reached: v 6. Date on which issuer notified: 15th April 2013 7. Threshold(s) that is/are crossed or Crossed 5% reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix

Class/type Situation previous Resulting situation after the triggering transactionof

to the triggeringshares transaction Number Number Number Number of voting % of votingif possible of of of shares rights rights xusing Shares Votingthe ISIN Rights Direct Direct xi Indirect Direct IndirectCODE xii BMG5361W1047 6,894,390 6,894,390 704,294 704,294 7,542,769 0.428% 4.581% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of votingfinancial date xiii Conversion Period xiv rights that may be rightsinstrument acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xvi Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting rights % of votingfinancial price date xvii Conversion instrument refers to rights xix, xxinstrument period xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 8,247,063 5.009%

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

N/A Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease N/A to hold: 12. Date on which proxy holder will cease to hold N/A voting rights: 13. Additional information: None 14. Contact name: Baljeet Gill 15. Contact telephone number: 0207 991 6555