Holding(s) in Company

TR-1: Notifications of Major Interests in Shares 1.Identity of the issuer or the underlying issuer of Lancashire Holdings Ltdexisting 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 may result noin the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to noqualifying financial instruments An event changing the breakdown of voting rights no Other (please specify): no 3. Full name of person(s) subject to the notification Standard Life Investments Ltd obligation: 4. Full name of shareholder(s) (if different from 3.): Vidacos Nominees 5. Date of the transaction (and date on which the threshold 11/04/2014 is crossed or reached): 6. Date on which issuer notified: 14/04/2014 7. Threshold(s) that is/are crossed or reached: 9% 8: Notified Details Voting rights attached to shares Class/type of share If possible use ISIN code BMG5361W1047 Situation previous to the triggering transaction Number of shares Number of voting rights 16,474,463 16,474,463 Resulting situation after the triggering transaction Number of shares Number of voting rights Percentage of voting rights Direct Indirect Direct Indirect 16,574,463 8,806,697 7,767,766 4.806 4.239 Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ No. of voting rights Percentage offinancial date conversion period/ that may be acquired voting rightsinstrument date (if the instrument exercised/converted) C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting % of voting rightsinstrument price date Conversion rights instrument period refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 16,574,463 9.045 9. Chain of controlled undertakings through which the voting rights and/or thefinancial 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