LANCASHIRE – VOTING RIGHTS ANNOUNCEMENT

Hamilton, Bermuda – 29 January, 2010 - Lancashire Holdings Limited (“Lancashire” or “the Company”; Ticker: LHL.BH) today made a regulatory announcement to the market regarding voting rights in the Company.

In conformity with DTR5.6.1R, Lancashire Holdings Limited (the “Company”) announces that as of 29 January 2010, the Company’s issued share capital consists of 182,503,063 Common Shares of $0.50 each (“Common Shares”) of which 11,939,842 Common Shares are held in Treasury.  Therefore, the total number of Common Shares in issue with voting rights (excluding shares held in Treasury) is 170,563,221.

The above figure of 170,563,221 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules.

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About Lancashire

Lancashire, through its UK and Bermuda-based insurance subsidiaries, is a global provider of specialty insurance products. Its insurance subsidiaries carry the Lancashire group rating of A minus (Excellent) from A.M. Best with a stable outlook. Lancashire has capital in excess of $1 billion and its Common Shares trade on the main market of the London Stock Exchange under the ticker symbol LRE. Lancashire is headquartered at Power House, 7 Par-La-Ville Road, Hamilton HM 11, Bermuda. The mailing address is Lancashire Holdings Limited, P.O. Box HM 2358, Hamilton HM HX, Bermuda. For more information on Lancashire, visit the Company's website at www.lancashiregroup.com.