Lancashire Holdings Regulatory News (LRE)

LANCASHIRE HOLDINGS LIMITED 15 May 2015London, UK Treasury Shares - Transfer In accordance with Listing Rule 12.6.4, Lancashire Holdings Limited (the"Company") announces that it has received confirmation that the transfer of330,713 common shares from treasury took place on 14 May 2015. The transfer ofthese shares from treasury was made in satisfaction of a request by theTrustees of the Lancashire Foundation ("the Foundation") to exercise 648,143warrants on a cashless basis at a notional share price of $9.65 and an exerciseprice of $5.00 per share for 486,107 warrants and $3.90 per share for 162,036warrants respectively. The Foundation was originally granted the warrants inAugust 2007 with an expiry date of 16 December 2015 to support its charitableactivities. The Trustees of the Foundation are Charles Mathias, Michael Connor,Derek Stapley, Richard Williams and Martin Thomas, who is also the Chairman anda Director of the Company's Board. The transfer of common shares from treasury to satisfy the Company'sobligations under various plans was authorised at a meeting of the Company'sBoard of Directors on 2 February 2015. Following this transfer, the Company's issued share capital consists of200,341,918 common shares of US$0.50 each, of which 2,252,221 common shares areheld in treasury. Therefore, the total number of common shares in issue withvoting rights (excluding shares held in treasury) is 198,089,697. The above figure of 198,089,697 may be used by shareholders as the denominatorfor the calculation of notifications of shareholder interests in the Companyrequired under the Financial Conduct Authority's Disclosure Rules andTransparency Rules. For further information, please contact: Lancashire Holdings LimitedChristopher Head +44 20 7264 4145 chris.head@lancashiregroup.com Jonny Creagh-Coen +44 20 7264 4066 jcc@lancashiregroup.com Haggie Partners +44 20 7562 4444Peter Rigby (Peter Rigby mobile +44 7803851426) About Lancashire Lancashire, through its UK and Bermuda-based operating subsidiaries, is aglobal provider of specialty insurance and reinsurance products. The Groupcompanies carry the following ratings: Financial Financial Long Term Strength Strength Issuer Rating (1) Outlook(1) Rating (2) A.M. Best A (Excellent) Stable bbb Standard & Poor's A- Stable BBB Moody's A3 Stable Baa2 (1)Financial Strength Rating and Financial Strength Outlook apply to LancashireInsurance Company Limited and Lancashire Insurance Company (UK) Limited. (2) Long Term Issuer Rating applies to Lancashire Holdings Limited. Cathedral benefits from Lloyd's ratings: A.M. Best: A (Excellent); Standard &Poor's: A+ (Strong); and Fitch: AA- (Very Strong). Lancashire has capital in excess of $1.5 billion and its common shares trade onthe premium segment of the Main Market of the London Stock Exchange under theticker symbol LRE. Lancashire has its corporate headquarters and mailingaddress at 29th Floor, 20 Fenchurch Street, London EC3M 3BY, United Kingdom andits registered office at Power House, 7 Par-la-Ville Road, Hamilton HM 11,Bermuda. For more information on Lancashire and Lancashire's subsidiary and Lloyd'ssegment, Cathedral Capital Limited ("Cathedral"), visit the Company's websiteat www.lancashiregroup.com Lancashire Insurance Company Limited is regulated by the Bermuda MonetaryAuthority in Bermuda. Lancashire Insurance Company (UK) Limited is authorised by the PrudentialRegulation Authority and regulated by the Financial Conduct Authority and thePrudential Regulation Authority in the UK. Kinesis Capital Management Limited is regulated by the Bermuda MonetaryAuthority in Bermuda. Cathedral Underwriting Limited is authorised by the Prudential RegulationAuthority and regulated by the Financial Conduct Authority and the PrudentialRegulation Authority in the UK. It is also authorised and regulated by Lloyd's. NOTE REGARDING FORWARD-LOOKING STATEMENTS: CERTAIN STATEMENTS AND INDICATIVE PROJECTIONS (WHICH MAY INCLUDE MODELED LOSSSCENARIOS) MADE IN THIS RELEASE OR OTHERWISE THAT ARE NOT BASED ON CURRENT ORHISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE INCLUDING, WITHOUT LIMITATION,STATEMENTS CONTAINING THE WORDS "BELIEVES", "ANTICIPATES", "PLANS", "PROJECTS","FORECASTS", "GUIDANCE", "INTENDS", "EXPECTS", "ESTIMATES", "PREDICTS", "MAY","CAN", "LIKELY", "WILL", "SEEKS", "SHOULD", OR, IN EACH CASE, THEIR NEGATIVE ORCOMPARABLE TERMINOLOGY. ALL SUCH STATEMENTS OTHER THAN STATEMENTS OF HISTORICALFACTS INCLUDING, WITHOUT LIMITATION, THE GROUP'S FINANCIAL POSITION, LIQUIDITY,RESULTS OF OPERATIONS, PROSPECTS, GROWTH, CAPITAL MANAGEMENT PLANS ANDEFFICIENCIES, ABILITY TO CREATE VALUE, DIVIDEND POLICY, OPERATIONALFLEXIBILITY, COMPOSITION OF MANAGEMENT, BUSINESS STRATEGY, PLANS AND OBJECTIVESOF MANAGEMENT FOR FUTURE OPERATIONS (INCLUDING DEVELOPMENT PLANS AND OBJECTIVESRELATING TO THE GROUP'S INSURANCE BUSINESS) ARE FORWARD LOOKING STATEMENTS.SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIESAND OTHER IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE ORACHIEVEMENTS OF THE GROUP TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS,PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKINGSTATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO: THE GROUP'S ABILITY TO INTEGRATEITS BUSINESSES AND PERSONNEL; THE SUCCESSFUL RETENTION AND MOTIVATION OF THEGROUP'S KEY MANAGEMENT; THE INCREASED REGULATORY BURDEN FACING THE GROUP, THENUMBER AND TYPE OF INSURANCE AND REINSURANCE CONTRACTS THAT THE GROUP WRITES ORMAY WRITE; THE GROUP'S ABILITY TO IMPLEMENT SUCCESSFULLY ITS BUSINESS STRATEGYDURING `SOFT' AS WELL AS `HARD' MARKETS; THE PREMIUM RATES WHICH MAY BEAVAILABLE AT THE TIME OF SUCH RENEWALS WITHIN THE GROUP'S TARGETED BUSINESSLINES; THE POSSIBLE LOW FREQUENCY OF LARGE EVENTS; POTENTIALLY UNUSUAL LOSSFREQUENCY; THE IMPACT THAT THE GROUP'S FUTURE OPERATING RESULTS, CAPITALPOSITION AND RATING AGENCY AND OTHER CONSIDERATIONS MAY HAVE ON THE EXECUTIONOF ANY CAPITAL MANAGEMENT INITIATIVES OR DIVIDENDS; THE POSSIBILITY OF GREATERFREQUENCY OR SEVERITY OF CLAIMS AND LOSS ACTIVITY THAN THE GROUP'SUNDERWRITING, RESERVING OR INVESTMENT PRACTICES HAVE ANTICIPATED; THERELIABILITY OF, AND CHANGES IN ASSUMPTIONS TO, CATASTROPHE PRICING,ACCUMULATION AND ESTIMATED LOSS MODELS; INCREASED COMPETITION FROM EXISTINGALTERNATIVE CAPITAL PROVIDERS, INSURANCE LINKED FUNDS AND COLLATERALISEDSPECIAL PURPOSE INSURERS AND THE RELATED DEMAND AND SUPPLY DYNAMICS ASCONTRACTS COME UP FOR RENEWAL; THE EFFECTIVENESS OF THE GROUP'S LOSS LIMITATIONMETHODS; THE POTENTIAL LOSS OF KEY PERSONNEL; A DECLINE IN THE GROUP'SOPERATING SUBSIDIARIES' RATING WITH A.M. BEST, STANDARD & POOR'S, MOODY'S OROTHER RATING AGENCIES; INCREASED COMPETITION ON THE BASIS OF PRICING, CAPACITY,COVERAGE TERMS OR OTHER FACTORS; A CYCLICAL DOWNTURN OF THE INDUSTRY; THEIMPACT OF A DETERIORATING CREDIT ENVIRONMENT FOR ISSUERS OF FIXED INCOMEINVESTMENTS; THE IMPACT OF SWINGS IN MARKET INTEREST RATES AND SECURITIESPRICES; A RATING DOWNGRADE OF, OR A MARKET DECLINE IN, SECURITIES IN ITSINVESTMENT PORTFOLIO; CHANGES IN GOVERNMENTAL REGULATIONS OR TAX LAWS INJURISDICTIONS WHERE THE GROUP CONDUCTS BUSINESS; ANY OF THE GROUP'S BERMUDIANSUBSIDIARIES BECOMING SUBJECT TO INCOME TAXES IN THE UNITED STATES OR THEUNITED KINGDOM; THE INAPPLICABILITY TO THE GROUP OF SUITABLE EXCLUSIONS FROMTHE UK CFC REGIME; AND ANY CHANGE IN THE UK GOVERNMENT OR UK GOVERNMENT POLICYWHICH IMPACTS THE CFC REGIME. ALL FORWARD-LOOKING STATEMENTS IN THIS RELEASE SPEAK ONLY AS AT THE DATE OFPUBLICATION. LANCASHIRE EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING (SAVEAS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY OBLIGATIONS INCLUDING THERULES OF THE LONDON STOCK EXCHANGE) TO DISSEMINATE ANY UPDATES OR REVISIONS TOANY FORWARD-LOOKING STATEMENTS TO REFLECT ANY CHANGES IN THE GROUP'SEXPECTATIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT IS BASED.