Holding(s) in Company

3 Dec 2010 17:03

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are Lancashire Holdings 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): Correction of Shareholder Name 3. Full name of person(s) subject to the Franklin Templeton Institutional, LLCnotification obligation:iii JP Morgan Chase Bank London 4. Full name of shareholder(s) The Bank of NY London (if different from 3.):iv Northern Trust Co. London Mellon Bank London 5. Date of the transaction and date on which the threshold is crossed or November 30, 2010reached: v 6. Date on which issuer notified: December 1, 2010 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 triggering transaction of

to the triggering shares transaction if possible Number Number Number Number of voting % of voting rights xusing of of of shares rights the ISIN Shares Voting CODE Rights Direct Direct xi Indirect xii Direct Indirect Ordinary 7,634,452 5.02% BMG5361W1047 B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of voting financial date xiii Conversion Period xiv rights that may be rights instrument 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 price Expiration Exercise/ Number of voting rights % of voting rightsfinancial date xvii Conversion instrument refers to xix, xx instrument period xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 7,634,452 5.02%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

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: Lori A. Weber14. Contact name: Assistant Secretary, Franklin Resources, Inc. 15. Contact telephone number: 954-847-2283