Lancashire Holdings Limited - Treasury Shares - Transfer

Hamilton, Bermuda: June 30, 2017– In a filing with the Bermuda Stock Exchange Lancashire Holdings Limited (“Lancashire” or “the Company”; Ticker: LHL BH) announced a treasury share transfer.  The filing stated:

In accordance with Listing Rule 12.6.4, Lancashire Holdings Limited (the “Company”) announces that on 30 June 2017 it received confirmation that the transfer of 500,535 common shares from Treasury to the Lancashire Holdings Limited Employee Benefit Trust took place in order to satisfy future exercises of awards granted to beneficiaries under the rules of the Company’s share plans.

The transfer of common shares from treasury to satisfy the Company’s obligations under various plans was authorised at a meeting of the Company’s Board of Directors on 11 February 2015.

Following this transfer, the Company’s issued share capital consists of 201,341,918 common shares of US$0.50 each, of which 914,523 common shares are held in treasury. Therefore, the total number of common shares in issue with voting rights (excluding shares held in treasury) is 200,427,395.

The above figure of 200,427,395 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 Conduct Authority's Disclosure Guidance and Transparency Rules.

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