TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi1. Identity of the issuer or the underlying issuerof existing shares to which voting rights are Lancashire Holdings Ltdattached:ii2. Reason for the notification (please tick the appropriate box or boxes):An acquisition or disposal of voting rights xAn acquisition or disposal of qualifying financial instruments which mayresult in the acquisition of shares already issued to which voting rights areattachedAn acquisition or disposal of instruments with similar economic effect toqualifying financial instrumentsAn event changing the breakdown of voting rightsOther (please specify):3. Full name of person(s) subject to the Woodford Investmentnotification obligation:iii Management LLP (WIM)4. Full name of shareholder(s) Clients of WIM (if different from 3.):iv5. Date of the transaction and date onwhich the threshold is crossed or 15.8.14reached: v6. Date on which issuer notified: 18.8.147. Threshold(s) that is/are crossed or 5%reached: vi, vii8. Notified details:A: Voting rights attached to shares viii, ixClass/type Situation previous Resulting situation after the triggeringof to the triggering transactionshares transaction Number Number Number Number of voting % of votingif possible of of of shares rights rights xusing Shares Votingthe ISIN Rights Direct Direct xi Indirect Direct IndirectCODE xii 10,482,682 8,652,281 8,652,281 10,482,682 n/a 5.51% n/aBMG5361W1047B: Qualifying Financial InstrumentsResulting situation after the triggering transactionType of Expiration Exercise/ Number of voting % of votingfinancial date xiii Conversion Period xiv rights that may be rightsinstrument acquired if the instrument is exercised/ converted.C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xviResulting situation after the triggering transactionType of Exercise price Expiration Exercise/ Number of voting % of votingfinancial date xvii Conversion rights instrument rights xix,instrument period xviii refers to xx Nominal DeltaTotal (A+B+C)Number of voting rights Percentage of voting rights10,482,682 5.51%9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxiWoodford Investment Management LLP as Investment ManagerProxy Voting:10. Name of the proxy holder:11. Number of voting rights proxy holder will ceaseto hold:12. Date on which proxy holder will cease to holdvoting rights:13. Additional information:14. Contact name: Jon Webb15. Contact telephone number: 01865 809023