LANCASHIRE HOLDINGS LIMITED: Holding(s) in Company

TR-1:         Notifications of Major Interests in Shares                         


       
                                                                                
       


Identity of the issuer or the underlying issuer of existing shares to  
Lancashire      
which voting rights are attached:                                      Holdings 
Ltd     


                                                                                
       
    2:    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):                                                          


    no 
                                                                                
       
    3. 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 Nominees   


      
                                                                                


   
5. Date of the transaction (and date on which the threshold                      


       
                                                              22/03/2013        
       
      is crossed or reached):                                                   
       
                                                                                


   
6. Date on which issuer notified:                             25/03/2013         


       
                                                                                


   
7. Threshold(s) that is/are crossed or reached:               6%                 


       
                                                                                


    
8:    Notified Details                                                           


      
                                                                                


  
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  


      
                                                                                


  
9,912,427                                               9,912,427                


      
                                                                                
      
                                                                                
      
                                                                                


  
Resulting situation after the triggering transaction                             


      
                                                                                


  
Number of shares                     Number of voting rights           
Percentage of   
                                                                   voting 
rights   


                                                                                
      


                                 Direct             Indirect       Direct 
Indirect 
                                                                             
  
9,877,583                            6,899,351          2,978,232      4.190% 
1.809%   


                                                                                
      
    Qualifying Financial Instruments                                                
      
                                                                                


  
Resulting situation after the triggering transaction                             


      
                                                                                


  
Type of          Expiration Exercise/          No. of voting rights    
Percentage of  
financial        date       conversion period/ that may be acquired    voting 
rights  
instrument                  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             


       
                                                                                


   
9,877,583                                5.999%                                  


       
                                                                                
       


9. Chain of controlled undertakings through which the voting rights and/or the  


   
financial 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 Ltd        
       
                                                                                
       
                                                                                


   
15. Contact telephone number:                                                    


       
                                           (0131) 245 6565                      
       
                                                                                
       
                                                                                
       

 
END

-0- Mar/25/2013 15:23 GMT


 
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