Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer Lancashire Holdingsof existing shares to which voting rights are Limitedattached: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 mayresult in the acquisition of shares already issued to which voting rights areattached An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the HSBC Holdings plcnotification obligation:iii HSBC Bank plc HSBC Global Asset Management (France) HSBC Global Asset Management (UK) Limited HSBC Investment Management4. Full name of shareholder(s) (if different from 3.):iv HSBC Private Bank (Luxembourg) S.A. HSBC Private Bank (Suisse) SA HSBC Trust Company (UK) Limited INKA Internationale Kapitalanlagegesellschft mbH, Dusseldorf The Bank of Bermuda Limited 5. Date of the transaction and date onwhich the threshold is crossed or 04th November 2013reached: v 6. Date on which issuer notified: 08th November 2013 7. Threshold(s) that is/are crossed or Below Disclosure Thresholdreached: 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 voting rights xif possible of of of shares rightsusing Shares Votingthe ISIN Rights Direct Direct xi Indirect Direct IndirectCODE xii Below Below Below Below BelowBMG5361W1047 5,489,675 5,489,675 Disclosure Disclosure Disclosure Disclosure Disclosure Threshold Threshold Threshold Threshold Threshold B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of votinginstrument date xiii Conversion Period xiv rights that may be rights 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 price Expiration Exercise/ Number of voting rights % of votingfinancial 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 Below Disclosure Threshold Below Disclosure Threshold 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi NA Proxy Voting: 10. Name of the proxy holder: NA 11. Number of voting rights proxy holder will cease NAto hold: 12. Date on which proxy holder will cease to hold NAvoting rights: 13. Additional information: None 14. Contact name: Baljeet Gill 0207 991 655515. Contact telephone number: ([email protected])