Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 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 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 (UK) Limited HSBC Global Asset Management (International) Limited The Bank of Bermuda 4. Full name of shareholder(s) Limited (if different from 3.):iv HSBC Investment Management HSBC Trust Company (UK) Limited HSBC Private Bank (Suisse) SA HSBC Bank USA, National Association 5. Date of the transaction and date onwhich the threshold is crossed or 1st March 2013reached: v 6. Date on which issuer notified: 5th March

2013

7. Threshold(s) that is/are crossed or Crossed 4% reached: 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 rightsif possible of of of shares rights xusing Shares Votingthe ISIN Rights Direct Direct xi Indirect Direct IndirectCODE xii BMG5361W1047 5,539,179 5,539,179 824,977 824,977 6,069,413 0.507 % 3.728 % B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of votingfinancial date xiii Conversion Period xiv rights that may be rightsinstrument 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 voting rights % of votingfinancial price 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 6,894,390 4.235%

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

N/A Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease N/Ato hold: 12. Date on which proxy holder will cease to hold N/Avoting rights: 13. Additional information: None 14. Contact name: Baljeet Gill 15. Contact telephone number: 0207 991

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