LANCASHIRE HOLDINGS LIMITED - Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi


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

2. Reason for the notification (please tick the appropriate box or boxes):

    HOLDING PRIOR TO THE TRIGGERING TRANSACTION AMENDED

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):            HOLDING PRIOR TO THE TRIGGERING TRANSACTION AMENDED x

3. Full name of person(s) subject to the        Woodford Investment Management LLP (WIM)
notification obligation:iii

4. Full name of shareholder(s)                                            Clients of WIM
 (if different from 3.):iv

5. Date of the transaction and date on
which the threshold is crossed or                                                15.8.14
reached: v

6. Date on which issuer notified:                                                20.8.14

7. Threshold(s) that is/are crossed or                                                5%
reached: vi, vii



8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type   Situation previous            Resulting situation after the triggering
of           to the triggering             transaction
shares       transaction

             Number         Number         Number     Number of voting    % of  voting
if possible  of             of             of shares  rights              rights x
using        Shares         Voting
the ISIN                    Rights         Direct     Direct xi  Indirect Direct Indirect
CODE                                                             xii



             9,652,281      9,652,281      10,482,682
                                                      10,482,682      n/a  5.51%      n/a
BMG5361W1047



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of        Expiration     Exercise/                Number of voting      % of voting
financial      date xiii      Conversion Period xiv    rights that may be    rights
instrument                                             acquired if the
                                                       instrument is
                                                       exercised/ converted.





C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction

Type of       Exercise      Expiration Exercise/      Number of voting      % of voting
financial     price         date xvii  Conversion     rights instrument     rights xix,
instrument                             period xviii   refers to             xx


                                                                            Nominal Delta




Total (A+B+C)

Number of voting rights                           Percentage of voting rights

10,482,682                                        5.51%




9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

Woodford Investment Management LLP as Investment Manager



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:                                                               Jon Webb

15. Contact telephone number:                                               01865 809023