Lancashire Holdings Own Shares Transaction

September 12, 2014

Bermuda-based Lancashire Holdings Limited announced that on 9 September 2014, it purchased 88,439 Common Shares at a price of 611.00 pence per share [approximately $9.84 per share at the current exchange rate]. The lowest price and the highest price paid for these shares were 607.5 pence and 613.0 pence, respectively.

All the purchased shares will be held initially as Treasury shares. The Company expects to use the shares in the future towards satisfying its obligations under both its Restricted Share Scheme awards and the Company’s warrants.

Following the above purchases, the Company holds 2,086,337 Common Shares in Treasury. The Company has 190,026,261 Common Shares in issue [excluding Treasury shares].

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