Lancashire Holdings Regulatory News (LRE)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuerof existing shares to which voting rights are Lancashire Holdings Ltdattached:ii 2. Reason for the notification (please tick the appropriate box or boxes): HOLDING PRIOR TO THE TRIGGERING TRANSACTION AMENDED 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 Other (please specify): HOLDING PRIOR TO THE TRIGGERING TRANSACTION AMENDED x 3. Full name of person(s) subject to the Woodford Investment Management LLP (WIM)notification obligation:iii 4. Full name of shareholder(s) Clients of WIM (if different from 3.):iv 5. Date of the transaction and date onwhich the threshold is crossed or 15.8.14reached: v 6. Date on which issuer notified: 20.8.14 7. Threshold(s) that is/are crossed or 5%reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation after the triggeringof to the triggering transactionshares 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 9,652,281 9,652,281 10,482,682 10,482,682 n/a 5.51% n/aBMG5361W1047 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 % of votingfinancial price date xvii Conversion rights instrument rights xix,instrument period xviii refers to xx Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 10,482,682 5.51% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi Woodford Investment Management LLP as Investment Manager Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will ceaseto hold: 12. Date on which proxy holder will cease to holdvoting rights: 13. Additional information: 14. Contact name: Jon Webb 15. Contact telephone number: 01865 809023