Lancashire Holdings Limited Notifiable Interest, Director Dealing

Hamilton, Bermuda: 21 February, 2008 -- Lancashire Holdings Limited ("Lancashire") was advised on 21st February 2008 that Richard Brindle, Executive Director and Chief Executive Officer of Lancashire, purchased 44,115 Lancashire common shares of par value US$0.50 each at an average purchase price of 306.6p each.  The purchase took place between 18th and 21st February 2008.  Richard Brindle now holds 344,115 common shares, time vesting warrants over 7,625,217 common shares, performance vesting warrants over 3,050,087 common shares and options over 912,522 common shares awarded pursuant to the Lancashire Long Term Incentive Plan.

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