TR-1: Notifications of Major Interests in Shares1:Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Lancashire Holdings Ltd2: Reason for notification (yes/no) An acquisition or disposal of voting rights yes An acquisition or disposal of qualifying financial instruments which may result no in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to no qualifying financial instruments An event changing the breakdown of voting rights no Other (please specify): no3. Full name of person(s) subject to the notification obligation: Standard Life Investments (Holdings) Limited (Parent Company) - 4.567% comprised of: Standard Life Investments Limited - 4.567% Ignis Investment Services Limited - 0%4. Full name of shareholder(s) (if different from 3.): Vidacos Nominees\HSBC5. Date of the transaction (and date on which the threshold is crossed or reached): 02/02/20156. Date on which issuer notified: 03/02/20157. Threshold(s) that is/are crossed or 5% reached:8: Notified Details A:Voting rights attached to shares Class/type of share If possible use ISIN code BMG5361W1047 Situation previous to the triggering transaction Number of shares Number of voting rights 9,578,529 9,578,529 Resulting situation after the triggering transaction Number of shares Number of voting rights Percentage of voting rights Direct Indirect Direct Indirect 8,655,337 5,491,059 3,164,278 2.897 1.67 B:Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ No. of voting rights Percentage of financial date conversion that may be acquired voting rights instrument period / date (if the instrument exercised/converted)C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights instrument price date Conversion rights instrument period refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 8,655,337 4.5679. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Standard Life Investments (Holdings) Limited (Parent Company) - 4.567% comprised of: Standard Life Investments Limited - 4.567% Ignis Investment Services Limited - 0% 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