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  Press releases 2007

Director Shareholding

17 Aug 2007

Lancashire Holdings Limited (the “Company”) was advised today that Neil McConachie, a director of the Company, has sold 148,025 common shares in the Company at a price of 332 pence each. The sale took place today. Neil McConachie's total holding of shares in the Company following the sale is 27,500.

For further information, please contact:

Lancashire Holdings
Neil McConachie +1 441 278 8950
Greg Lunn +1 441 278 8953
Financial Dynamics +44 20 7269 7200
Robert Bailhache

www.lancashiregroup.com

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 US$1 billion and its common shares trade on AIM under the ticker symbol LRE. Lancashire is headquartered at Mintflower Place, 8 Par-La-Ville Road, Hamilton HM 08, 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.