TR-1: Notifications of Major Interests in Shares1. Identity of the issuer or the underlying issuer ofexisting shares to which voting rights are attached: Lancashire Holdings Ltd2: 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 to noqualifying financial instrumentsAn event changing the breakdown of voting rights noOther (please specify): no Standard Life Investments (Holdings) Limited3. Full name of person(s) subject to the (Parent Company) - 5.947% comprised of:notification Standard Life Investments Limited - 5.945% obligation: Ignis Investment Services Limited - 0.002%4. Full name of shareholder(s) (if Vidacos Nominees\HSBCdifferent from 3.):5. Date of the transaction (and date onwhich the threshold 27/11/2014is crossed or reached):6. Date on which issuer notified: 28/11/20147. Threshold(s) that is/are crossed or 6%reached: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 rights 11,328,494 11,328,494Resulting situation after the triggering transactionNumber of shares Number of voting rights Percentage of voting rights Direct Indirect Direct Indirect11,170,939 7,205,391 3,965,548 3,836 2,111Qualifying 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 11,170,939 5.947%9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:Standard Life Investments (Holdings) Limited (Parent Company) - 5.947%comprised of:Standard Life Investments Limited - 5.945%Ignis Investment Services Limited - 0.002%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: GIOS@standardlife.com Standard Life Investments Ltd15. Contact telephone number: (0131) 245 6565