Company Announcements

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

BMG5361W1047

Issuer Name

LANCASHIRE HOLDINGS LIMITED

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

JPMorgan Chase & Co.

City of registered office (if applicable)

Country of registered office (if applicable)

US

4. Details of the shareholder

      Name                       City of registered office Country of registered
                                                     office

J.P. Morgan Securities Plc

5. Date on which the threshold was crossed or reached

28-Oct-2022

6. Date on which Issuer notified

01-Nov-2022

7. Total positions of person(s) subject to the notification obligation

       .        % of voting     % of voting     Total of both in Total number of
                rights attached rights through  % (8.A + 8.B)    voting rights
                to shares       financial                        held in issuer
                (total of 8.A)  instruments
                                (total of 8.B 1
                                + 8.B 2)

Resulting       Below Minimum   Below Minimum   Below Minimum    Below Minimum
situation on    Threshold       Threshold       Threshold        Threshold
the date on
which threshold
was crossed or
reached

Position of     3.046526        2.061984        5.108510
previous
notification
(if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of    Number of direct Number of         % of direct   % of indirect
shares ISIN code voting rights    indirect voting   voting rights voting rights
(if possible)    (DTR5.1)         rights (DTR5.2.1) (DTR5.1)      (DTR5.2.1)

BMG5361W1047                      Below Minimum                   Below Minimum
                                  Threshold                       Threshold

Sub Total 8.A    Below Minimum Threshold            Below Minimum Threshold

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of        Expiration Exercise/conversion Number of voting    % of voting
financial      date       period              rights that may be  rights
instrument                                    acquired if the
                                              instrument is
                                              exercised/converted

Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of    Expiration Exercise/conversion Physical or Number of     % of voting
financial  date       period              cash        voting rights rights
instrument                                settlement

Sub Total
8.B2

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate         Name of        % of voting     % of voting     Total of both if
controlling      controlled     rights if it    rights through  it equals or is
person           undertaking    equals or is    financial       higher than the
                                higher than the instruments if  notifiable
                                notifiable      it equals or is threshold
                                threshold       higher than the
                                                notifiable
                                                threshold

JPMorgan Chase & J.P. Morgan
Co.              Securities plc

JPMorgan Chase & J.P. Morgan
Co.              Securities LLC

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

Chain of controlled undertakings:

JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan Capital Holdings Limited (100%)
J.P. Morgan Securities plc (100%)

JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC (100%)
J.P. Morgan Broker-Dealer Holdings Inc. (100%)
J.P. Morgan Securities LLC (100%)

12. Date of Completion

01-Nov-2022

13. Place Of Completion

London