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LANCASHIRE HOLDINGS LIMITED - Total Voting Rights

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LANCASHIRE HOLDINGS LIMITED

1 August 2022

Hamilton, Bermuda

Total Voting Rights

In conformity with DTR 5.6.1, Lancashire Holdings Limited (the “Company”) announces that as of 31 July 2022, the Company’s issued share capital consists of 244,010,007 Common Shares of $0.50 each (“Common Shares”). The Company announced on 7 July 2022 that it had completed a share repurchase programme whereby a total of 3,000,000 Common Shares had been repurchased (the “Repurchased Shares”) to satisfy a number of future exercises of awards under its Restricted Share Scheme. The Company held the Repurchased Shares pursuant to a custody agreement, and such shares were accordingly regarded as being held in Treasury. All of the Repurchased Shares have now been transferred to the Employee Benefit Trust account and therefore the Company has 244,010,007 Common Shares in issue with voting rights, with no Common Shares held in Treasury.

The above figure of 244,010,007 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.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

See further the “Note Regarding Forward-Looking Statements” below.

For further information, please contact:

Lancashire Holdings Limited
Christopher Head


+44 20 7264 4145
chris.head@lancashiregroup.com

Jelena Bjelanovic

+44 20 7264 4066
jelena.bjelanovic@lancashiregroup.com

FTI Consulting

+44 20 37271046

Edward Berry

Edward.Berry@FTIConsulting.com

Tom Blackwell

Tom.Blackwell@FTIConsulting.com

About Lancashire

Lancashire, through its UK and Bermuda-based operating subsidiaries, is a provider of global specialty insurance and reinsurance products.

Financial
Strength
Rating (1)

Financial Strength
Outlook (1)

Long Term
Issuer
Rating (2)

A.M. Best

A (Excellent)

Stable

Bbb+

S&P Global Ratings

A-

Stable

BBB

Moody’s

A3

Stable

Baa2

(1) Financial Strength Rating and Financial Strength Outlook apply to Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited.

(2) Long Term Issuer Rating applies to Lancashire Holdings Limited.

Lancashire Syndicates Limited benefits from Lloyd’s ratings: A.M. Best: A (Excellent); S&P Global Ratings: A+ (Strong); and Fitch: AA- (Very Strong).

Lancashire has capital of approximately $1.8 billion and its common shares trade on the premium segment of the Main Market of the London Stock Exchange under the ticker symbol LRE. Lancashire has its head office and registered office at Power House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda.

The Bermuda Monetary Authority (“BMA”) is the Group Supervisor of the Lancashire Group.

For more information, please visit Lancashire’s website at www.lancashiregroup.com.

The information was submitted for publication, through the agency of the contact persons set out above, at 17.30 GMT on 1 August 2022.

NOTE REGARDING FORWARD-LOOKING STATEMENTS:

CERTAIN STATEMENTS AND INDICATIVE PROJECTIONS (WHICH MAY INCLUDE MODELLED LOSS SCENARIOS) MADE IN THIS RELEASE OR OTHERWISE THAT ARE NOT BASED ON CURRENT OR HISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE INCLUDING, WITHOUT LIMITATION, STATEMENTS CONTAINING THE WORDS “BELIEVES”, “ANTICIPATES”, “AIMS”, “PLANS”,“PROJECTS”, “FORECASTS”, “GUIDANCE”, “INTENDS”, “EXPECTS”, “ESTIMATES”, “PREDICTS”, “MAY”, “CAN”, “LIKELY”,“WILL”, “SEEKS”, “SHOULD”, OR, IN EACH CASE, THEIR NEGATIVE OR COMPARABLE TERMINOLOGY.

ALL FORWARD-LOOKING STATEMENTS IN THIS RELEASE SPEAK ONLY AS AT THE DATE OF PUBLICATION. LANCASHIRE HOLDINGS LIMITED EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING (SAVE AS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY OBLIGATIONS INCLUDING THE RULES OF THE LONDON STOCK EXCHANGE) TO DISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENT TO REFLECT ANY CHANGES IN THE GROUP’SEXPECTATIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT IS BASED. ALL SUBSEQUENT WRITTEN AND ORAL FORWARD-LOOKING STATEMENTS ATTRIBUTABLE TO THE GROUP OR INDIVIDUALS ACTING ON BEHALF OF THE GROUP ARE EXPRESSLY QUALIFIED IN THEIR ENTIRETY BY THIS NOTE. PROSPECTIVE INVESTORS SHOULD SPECIFICALLY CONSIDER THE FACTORS IDENTIFIED IN THIS RELEASE WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER BEFORE MAKING AN INVESTMENT DECISION.

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