29th Jun 2010 07:00
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are Lancashire Holdings Limited attached:
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
Crestview, L.L.C.
notification obligation:iii 4. Full name of shareholder(s)
N/A (if different from 3.):
5. Date of the transaction and date on
23 June 2010
which the threshold is crossed or reached:
6. Date on which issuer notified:
25 June 2010
7. Threshold(s) that is/are crossed or From over 4%
to under 4%. reached: 8. Notified details:
A: Voting rights attached to shares 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 using Shares Voting the ISIN Rights CODE Direct Direct Indirect Direct Indirect Common Shares 5,279,120 5,279,120 4,979,120 4,979,120 N/A 3.170% N/A
B: Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting % of voting financial date Conversion Period 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
Resulting situation after the triggering transaction
Type of Exercise price Expiration Exercise/ Number of voting rights % of voting financial date Conversion instrument refers to rights instrument period December N/A Nominal Delta Warrants $5.00 16, 2015 1,183,180 0.753% N/A Total (A+B+C) Number of voting rights Percentage of voting rights 6,162,300 3.923%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Crestview Partners, L.P.(Continues to hold under 3% of voting rights)
Crestview Offshore Holdings (Cayman), L.P.(Continues to hold under 3% of
voting rights)
Crestview Holdings (TE), L.P. (Continues to hold under 3% of voting rights)
Crestview Partners ERISA, L.P. (Continues to hold under 3% of voting rights)
Crestview Partners (PF), L.P. Continues to hold under 3% of voting rights)
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: The total number of common shares in issue with voting rights (excluding shares held in treasury) used for the above calculations is 157,089,983 as disclosed by the Company on 16 June 2010 14. Contact name: Evelyn Pellicone 15. Contact telephone number:
(212) 906-0723
vendorRelated Shares:
Lancashire Holdings