Last checked at 9 Dec 2010 07:00
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer Lancashire Holdingsof existing shares to which voting rights are Limitedattached: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 may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): Robert S. Pitts, Jr., a United States Citizen. Steadfast Capital 3. Full name of person(s) subject to the Management LP, a notification obligation:iii Delaware limited partnership. Steadfast Advisors LP, a Delaware limited partnership. Steadfast Capital, L.P., a Delaware limited partnership. American Steadfast, 4. Full name of shareholder(s) L.P., a Delaware (if different from 3.):iv limited partnership. Steadfast International Master Fund Ltd., a Cayman Island exempted company. 5. Date of the transaction and date on which the threshold is crossed or 06 December 2010reached: v 6. Date on which issuer notified: 07 December 2010 7. Threshold(s) that is/are crossed or 5 percent.reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix
Class/type Situation previous Resulting situation after the triggering transaction of
to the triggering shares transaction Number Number Number Number of voting % of voting rights if possible of of of shares rights x using Shares Voting the ISIN Rights Direct Direct Indirect xii Direct Indirect CODE xi Common shares 7,360,000 (as 4.84 percent. 9,017,280 at the date of (as at the BMG5361W1047 this date of this notification) notification) B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date xiii Conversion Period rights that may be rights xiv acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting rights % of voting financial price date xvii Conversion instrument refers to rights xix, xx instrument period xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 7,360,000 (as at the date of this 4.84 percent. (as at the date of this notification) notification)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
As at the date of this notification:
(a) Steadfast Capital, L.P. holds 420,585 common shares (0.28 per cent. of the voting rights) in the issuer;
(b) American Steadfast, L.P. holds 2,268,117 common shares (1.49 per cent. of the voting rights) in the issuer; and (c) Steadfast International Master Fund Ltd. holds 4,671,298 common shares (3.07 per cent. of the voting rights) in the issuer.
Robert S. Pitts, Jr. is the managing member of Steadfast Capital Management LP and Steadfast Advisors LP.
Steadfast Advisors LP has the power to vote and dispose of securities held by Steadfast Capital, L.P..
Steadfast Capital Management LP has the power to vote and dispose of securities held by American Steadfast, L.P. and Steadfast International Master Fund Ltd.
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: Joseph M. Carney 15. Contact telephone number: 212-415-4607
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