TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i
1. Identity of the issuer or the Lancashire Holdings Ltd
underlying issuer of existing shares to
which voting rights are attached: ii
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
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):
3. Full name of person(s) subject to the Franklin Mutual Advisers, LLC
notification obligation: iii
4. Full name of shareholder(s) JP Morgan Chase Bank, N.A.,
(if different from 3.): iv London
Bank of New York, London
5. Date of the transaction and date on which November 24, 2015
the threshold is crossed or reached: v
6. Date on which issuer notified: November 25, 2015
7. Threshold(s) that is/are crossed or 4 %
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of Situation previous Resulting situation after the triggering
shares to the triggering transaction
transaction
if possible
using Number Number Number Number of voting % of voting
the ISIN CODE of of of shares rights rights x
Shares Voting
Rights Direct Direct Indirect Direct Indirect
xi xii
ORD USD.5 9,777,060 9,777,060 7,856,956 3.96%
BMG5361W1047
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion rights that may be rights
Period xiv 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 rights
financial price date xvii Conversion rights xix, xx
instrument period xviii instrument
refers to
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
7,856,956 3.96 %
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
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: Lori A. Weber
Assistant Secretary
Franklin Resources, Inc.
15. Contact telephone number: 954-847-2283