Holding(s) in Company

TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the Lancashire Holdings Ltd underlying issuer of existing shares to which voting rights are attached: 2: Reason for notification (yes/no) An acquisition or disposal of voting rights yes

An acquisition or disposal of qualifying financial instruments which no may result in the acquisition of shares already issued to which

voting rights are attached

An acquisition or disposal of instruments with similar economic no effect to qualifying financial instruments

An event changing the breakdown of voting rights no Other (please specify): no

3. Full name of person(s) subject to the Standard Life Investments Ltd notification

obligation: 4. Full name of shareholder(s) (if Vidacos Nominees different from 3.): 5. Date of the transaction (and date on 07 January 2013 which the threshold is crossed or reached): 6. Date on which issuer notified: 08 January 2013 7. Threshold(s) that is/are crossed or 6% reached: 8: Notified Details A. Voting rights attached to shares * Class/type of share If possible BMG5361W1047 use ISIN code Situation previous to the triggering transaction * Number of shares * Number of voting rights 9,662,679 9,662,679 Resulting situation after the triggering transaction * Number of Number of voting rights Percentage of shares voting rights Direct Indirect Direct Indirect 9,791,806 5,833,100 3,958,706 3.583% 2.432% B. Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ No. of voting Percentage of financial date conversion rights that may voting rights instrument period/date be acquired (if the instrument exercised/ converted) C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of % of voting financial price date Conversion voting rights instrument period rights instrument refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 9,791,806 6.015%

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

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: 14. Contact name: [email protected] Standard Life Investments Ltd

15. Contact telephone number: (0131) 245 6565