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 Limited
attached:ii

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

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                            Invesco Limited
notification obligation:iii

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

5. Date of the transaction and date on
which the threshold is crossed or                                     20 May 2015
reached: v

6. Date on which issuer notified:                                     21 May 2015

7. Threshold(s) that is/are crossed or                                    16%
reached: vi, vii





8. Notified details:

A: Voting rights attached to shares viii, ix

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

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




             30,670,199        30,670,199                              33,260,077         16.79%
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 price     Expiration    Exercise/      Number of voting rights   % of voting rights
financial                     date xvii     Conversion     instrument refers to      xix, xx
instrument                                  period xviii


                                                                                     Nominal Delta





Total (A+B+C)

Number of voting rights                             Percentage of voting rights

33,260,077                                          16.79%





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



Invesco Advisers Inc.  2,489,353

Invesco Asset Management Limited -   30,703,725

Invesco PowerShares Capital Management LLC -  17,539

Invesco Global Asset Management Ltd - 696

Invesco Management S.A - 48,764





Proxy Voting:

10. Name of the proxy holder:                                           Invesco (UK) Ltd

11. Number of voting rights proxy holder will cease                                  N/A
to hold:

12. Date on which proxy holder will cease to hold                                    N/A
voting rights:




13. Additional information:

14. Contact name:                                                  Daniel Banayo

15. Contact telephone number:                                      01491 416 381