10th Aug 2010 07:00
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
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 x 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 Frank W. Cawood IRA, Timothy W. Anders 401K Account, Frank W. Cawood & Associates, Inc., The Cawood Foundation, Inc. Gayle R. Cawood 401K Account,4. Full name of shareholder(s) Gayle R. Cawood IRA, (if different from 3.):iv Irrevocable Living Trusts (7) FBO Nathan Paul Cruver, Joelle Rachel Cruver, Andrew Reuben Cruver, Seth David Cruver, Natalie C. Cruver, Benjamin John Cruver and Joseph Louis Cawood 5. Date of the transaction and date on
Notification to Company
which the threshold is crossed or on 8/5/2010 reached: v
6. Date on which issuer notified:
8/5/2010
7. Threshold(s) that is/are crossed or
Over 9% 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 x possible of of of shares rights using Shares Voting the ISIN Rights CODE Indirect Direct Direct xi xii Direct Indirect 1,539,213 1,539,213 663,602 663,602 346,911 0.431% 0.225% Common Share
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 rights financial date xvii Conversion instrument refers to xix, xx instrument period xviii Nominal Delta Until Warrant 5.00 USD 12/16/2015 Expiry 13,307,577 8.646% Total (A+B+C) Number of voting rights Percentage of voting rights 14,318,090 9.303%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Frank W. Cawood controls 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 Cruver 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 and the Gayle R. Cawood 401K 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: 13. Additional information: This information is to the best of our knowledge. 14. Contact name: Timothy W. Anders
15. Contact telephone number:
770-487-6307
vendorRelated Shares:
Lancashire Holdings