Lancashire Holdings

LANCASHIRE HOLDINGS LIMITED (the "Company")

ORDINARY RESOLUTION	FOR	AGAINST	WITHHELD2	APPROVAL PERCENTAGE
THAT the proposed acquisition of Cathedral Capital Limited by the Company, on the terms and subject to the conditions of the Share Purchase Agreements (as defined and summarised in the circular to shareholders dated 8 August 2013) (the "Acquisition"), be and hereby is approved, subject to such amendment, variation or waiver (provided such amendments, variations or waivers are not of a material nature) of the terms and conditions thereof as the Directors (or a committee consisting of one or more Directors which is duly constituted under the Company's Bye-laws ("Committee")), shall, in their absolute discretion, think fit and subject to the foregoing, that the Directors (or the Committee as applicable) be and are hereby authorised to take all necessary steps and to execute all documents and deeds as they may consider to be necessary, desirable or expedient to conclude, implement and give effect to the Acquisition or in connection therewith.	118,653,110	1,156,450	0	99.04%

¹The resolution at the Special General Meeting was taken on a poll vote.

²A vote withheld is not a vote in law and is not counted in the calculation of votes for and against a resolution.