TR-1: Notifications of Major Interests in Shares1.Identity of the issuer or the underlying issuer of Lancashire Holdings Ltdexisting shares to which voting rights are attached:2: Reason for notification (yes/no)An acquisition or disposal of voting rights yesAn acquisition or disposal of qualifying financial instruments which may result noin the acquisition of shares already issued to which voting rights are attachedAn acquisition or disposal of instruments with similar economic effect toqualifying financial instruments noAn event changing the breakdown of voting rights noOther (please specify): no3. Full name of person(s) subject to the notification Standard Life Investments Ltd obligation:4. Full name of shareholder(s) (if different from 3.): Vidacos Nominees5. Date of the transaction (and date on which the threshold 16/04/2014 is crossed or reached):6. Date on which issuer notified: 17/03/20147. Threshold(s) that is/are crossed or reached: 9%8: Notified DetailsVoting rights attached to sharesClass/type of share If possible use ISIN code BMG5361W1047Situation previous to the triggering transactionNumber of shares Number of voting rights16,574,463 16,574,463Resulting situation after the triggering transactionNumber of shares Number of voting rights Percentage of voting rights Direct Indirect Direct Indirect16,474,463 8,806,697 7,667,766 4.806 4.185Qualifying Financial InstrumentsResulting situation after the triggering transactionType of Expiration Exercise/ No. of voting rights Percentage offinancial date conversion period/ that may be acquired voting rightsinstrument date (if the instrument exercised/converted)C: Financial Instruments with similar economic effect to Qualifying FinancialInstrumentsResulting situation after the triggering transactionType of financial Exercise Expiration Exercise/ Number of voting % of voting rightsinstrument price date Conversion rights instrument period refers to Nominal DeltaTotal (A+B+C)Number of voting rights Percentage of voting rights 16,474,463 8.991%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 Ltd15. Contact telephone number: (0131) 245 6565