Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer Lancashire Holdings Limitedof existing shares to which voting rights areattached: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 Global Asset Management (UK) Limited HSBC Global Asset Management (France) HSBC Global Asset Management (International) Limited The Bank of Bermuda Limited4. Full name of shareholder(s) (if different from 3.):iv HSBC Bank plc HSBC Bank USA, National Association HSBC Investment Management HSBC Trust Company (UK) Limited HSBC Private Bank (Luxembourg) S.A. HSBC Private Bank (Suisse) SA 5. Date of the transaction and date onwhich the threshold is crossed or 05th September 2013reached: v 6. Date on which issuer notified: 11th September 2013 7. Threshold(s) that is/are crossed or Below 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 votingif possible of of of shares rights rights xusing Shares Votingthe ISIN Rights Direct Direct xi Indirect Direct IndirectCODE xii BMG5361W1047 8,867,134 8,867,134 2,127,152 2,127,152 4,023,619 1.170% 2.213% 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 6,150,771 3.384% 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])