Lancashire Holdings Regulatory News (LRE)

TR-1: Notifications of Major Interests in Shares1. Identity of the issuer or the Lancashire Holdings Ltd underlying issuer of existing 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 nomay result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic noeffect to qualifying financial instrumentsAn event changing the breakdown of voting rights noOther (please specify): no3. Full name of person(s) subject to the Standard Life Investments Ltd notificationobligation: 4. Full name of shareholder(s) (if Vidacos Nominees different from 3.): 5. Date of the transaction (and date on 20/02/2013 which the threshold is crossed or reached): 6. Date on which issuer notified: 21/02/20137. Threshold(s) that is/are crossed or 7% reached:8: Notified Details A. Voting rights attached to shares * Class/type of share If possible BMG5361W1047 use ISIN code Situation previous to the triggering transaction * Number of shares * Number of voting rights 11,279,246 11,279,246 Resulting situation after the triggering transaction * Number of Number of voting rights Percentage of shares voting rights Direct Indirect Direct Indirect 11,448,655 7,223,026 4,225,629 4.437% 2.596% B. Qualifying Financial InstrumentsResulting situation after the triggering transaction Type of Expiration Exercise/ No. of voting Percentage of financial date conversion rights that may voting rights instrument period/date be acquired (if the instrument exercised/ converted)NominalDeltaC: Financial Instruments with similar economic effect to Qualifying FinancialInstruments Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of % of votinginstrument price date Conversion voting rights period rights instrument refers toTotal (A+B+C)Number of voting rights Percentage of voting rights 11,448,655 7.033%

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: investments_mo@standardlife.com Standard Life Investments Ltd

15. Contact telephone number: (0131) 245 6565