Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i 1. Identity of the issuer or the underlying issuer of existing Lancashire Holdings Ltd shares to which voting rights are attached: ii 2. Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may resultin the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights X Other (please specify): 3. Full name of person(s) subject to the notification Franklin Mutualobligation: iii Advisers, LLC JP Morgan Chase Bank,4. Full name of shareholder(s) N.A., London (if different from 3.): iv Bank of New York,London 5. Date of the transaction and date on which the threshold March 11, 2015is crossed or reached: v 6. Date on which issuer notified: March 11, 2015 7. Threshold(s) that is/are crossed or reached: vi, vii Below 5% 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of Situation previous Resulting situation after the triggeringshares to the triggering transaction transaction if possible Number Number Number Number of voting % of voting rightsusing of of of shares rights xthe ISIN CODE Shares Voting Rights Direct Direct Indirect Direct Indirect xi xii ORD USD.5 9,772,203 9,772,203 Below 5%BMG5361W1047 B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of votinginstrument date xiii Conversion rights that may be rights Period xiv 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 % of voting rights xix,financial price date xvii Conversion voting xxinstrument period rights xviii instrument refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights Below 5% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi 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: Lori A. Weber 14. Contact name: Assistant Secretary Franklin Resources, Inc. 15. Contact telephone number: 954-847-2283