Holding(s) in Company

 
TIDMBRE 
 
For filings with the FSA include the   | 
 annex                                  | 
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 For filings with issuer exclude the    | 
 annex                                  | 
=---------------------------------------+--------------------------------------- 
 
+------------------------------------------------------------------------------+ 
|TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)                             | 
+---------------------------------------------+--------------------------------+ 
                                              | 
+---------------------------------------------+--------------------------------+ 
|1. Identity of the issuer or the underlying  |                                | 
|issuer                                       |      Brit Insurance Holdings NV| 
|of existing shares to which voting rights are|                                | 
|attached:(ii)                                |                                | 
+---------------------------------------------+--------------------------------+ 
|2 Reason for the notification (please tick the appropriate box or boxes):     | 
+---------------------------------------------------------------------+--------+ 
|An acquisition or disposal of voting rights                          |   x    | 
+---------------------------------------------------------------------+--------+ 
|An acquisition or disposal of qualifying financial instruments which |        | 
|may result in the acquisition of shares already issued to which      |        | 
|voting rights are attached                                           |        | 
+---------------------------------------------------------------------+--------+ 
|An acquisition or disposal of instruments with similar economic      |        | 
|effect to qualifying financial instruments                           |        | 
+---------------------------------------------------------------------+--------+ 
|An event changing the breakdown of voting rights                     |        | 
+-----------------------+---------------------------------------------+--------+ 
|Other (please specify):|                                             |        | 
+-----------------------+--------------+------------------------------+--------+ 
|3. Full name of person(s) subject to  |                                       | 
|the                                   |       Jupiter Asset Management Limited| 
|notification obligation:(iii)         |                                       | 
+--------------------------------------+---------------------------------------+ 
|4. Full name of shareholder(s)        |                                       | 
| (if different from 3.):(iv)          |                                       | 
+--------------------------------------+---------------------------------------+ 
|5. Date of the transaction and date on|                                       | 
|which the threshold is crossed or     |                            10 Mar 2011| 
|reached:(v)                           |                                       | 
+--------------------------------------+---------------------------------------+ 
|6. Date on which issuer notified:     |                            11 Mar 2011| 
+--------------------------------------+---------------------------------------+ 
|7. Threshold(s) that is/are crossed or|                               Below 3%| 
|reached:(vi, vii)                     |                                       | 
+-----------------------+--------------++-----+-----------------------+--------+ 
 
 
+------------------------------------------------------------------------------+ 
|8. Notified details:                                                          | 
+------------------------------------------------------------------------------+ 
|A: Voting rights attached to shares (viii, ix)                                | 
+-----------+------------------------+-----------------------------------------+ 
|Class/type |Situation previous      |Resulting situation after the triggering | 
|of         |to the triggering       |transaction                              | 
|shares     |transaction             |                                         | 
|           +---------+--------------+-------+-----------------+---------------+ 
|if possible|Number   |Number        |Number |Number of voting |% of  voting   | 
|using      |of       |of            |of     |rights           |rights (x)     | 
|the ISIN   |Shares   |Voting        |shares |                 |               | 
|CODE       |         |R g ts        +-------+--------+--------+------+--------+ 
|Sedol:     |         |              |Direct |Direct  |Indirect|Direct|Indirect| 
|B58HZJ1    |         |              |       |(xi)    |(xii)   |      |        | 
+-----------+---------+--------------+-------+--------+--------+------+--------+ 
|Ordinary   |4,530,729|4,530,729     |       |        |64,317  |      |0.080%  | 
|shares     |         |              |       |        |        |      |        | 
+-----------+---------+--------------+-------+--------+--------+------+--------+ 
 
+------------------------------------------------------------------------------+ 
|B: Qualifying Financial Instruments                                           | 
+------------------------------------------------------------------------------+ 
|Resulting situation after the triggering transaction                          | 
+-------------+-----------+--------------------------+-----------+-------------+ 
|Type of      |Expiration |Exercise/                 |Number of  |% of voting  | 
|financial    |date(xiii) |Conversion Period(xiv)    |voting     |rights       | 
|instrument   |           |                          |rights that|             | 
|             |           |                          |may be     |             | 
|             |           |                          |acquired if|             | 
|             |           |                          |the        |             | 
|             |           |                          |instrument |             | 
|             |           |                          |is         |             | 
|             |           |                          |exercised/ |             | 
|             |           |                          |converted. |             | 
+-------------+-----------+--------------------------+-----------+-------------+ 
|             |           |                          |           |             | 
+-------------+-----------+--------------------------+-----------+-------------+ 
 
+------------------------------------------------------------------------------+ 
|C: Financial Instruments with similar economic effect to Qualifying Financial | 
|Instruments (xv, xvi)                                                         | 
+------------------------------------------------------------------------------+ 
|Resulting situation after the triggering transaction                          | 
+------------+----------+-----------+---------------+-----------+--------------+ 
|Type of     |Exercise  |Expiration |Exercise/      |Number of  |% of voting   | 
|financial   |price     |date (xvii)|Conversion     |voting     |rights (xix,  | 
|instrument  |          |           |period(xviii)  |rights     |xx)           | 
|            |          |           |               |instrument |              | 
|            |          |           |               |refers to  |              | 
|            |          |           |               |           |              | 
+------------+----------+-----------+---------------+-----------+------+-------+ 
|            |          |           |               |           |      |Delta  | 
|            |          |           |               |           +------+-------+ 
|            |          |           |               |           |      |       | 
+------------+----------+-----------+---------------+-----------+------+-------+ 
 
+------------------------------------------------------------------------------+ 
|Total (A+B+C)                                                                 | 
+-------------------------------------+----------------------------------------+ 
|Number of voting rights              |Percentage of voting rights             | 
+-------------------------------------+----------------------------------------+ 
|64,317                               |0.080%                                  | 
+-----------+++-------+-+-+---------+++------+------+++--------+++----++-------+ 
 
 
+------------------------------------------------------------------------------+ 
|9. Chain of controlled undertakings through which the voting rights and/or the| 
|financial instruments are effectively held, if applicable:(xxi)               | 
+------------------------------------------------------------------------------+ 
|The Ordinary shares will apear on the register in the following name:         | 
|Nortrust Nominees - 64,317                                                    | 
|                                                                              | 
|                                                                              | 
+------------------------------------------------------------------------------+ 
 
+------------------------------------------------------------------------------+ 
|Proxy Voting:                                                                 | 
+------------------------------------------------+-----------------------------+ 
|10. Name of the proxy holder:                   |                             | 
+------------------------------------------------+-----------------------------+ 
|11. Number of voting rights proxy holder will   |                             | 
|cease                                           |                             | 
|to hold:                                        |                             | 
+------------------------------------------------+-----------------------------+ 
|12. Date on which proxy holder will cease to    |                             | 
|hold                                            |                             | 
|voting rights:                                  |                             | 
+------------------------------------------------+-----------------------------+ 
 
+-----------------------------+------------------------------------------------+ 
|                             |This is due to the recent corporate action where| 
|13. Additional information:  |we agreed to take the cash offer.               | 
+-----------------------------+------------------------------------------------+ 
|14. Contact name:            |Gloria Ajok                                     | 
+-----------------------------+------------------------------------------------+ 
|15. Contact telephone number:|0207 098 6909                                   | 
+-----------------------------+------------------+-----------------------------+ 
 
 
 Note: Annex should only be submitted to the FSA not the issuer 
=------------------------------------------------------------------------------- 
 Annex: Notification of major interests in shares(xxii) 
=------------------------------------------------------------------------------- 
 
+------------------------------------------------------------------------------+ 
|A: Identity of the persons or legal entity subject to the notification        | 
|obligation                                                                    | 
+-------------------------------------------+----------------------------------+ 
|Full name                                  |                                  | 
|(including legal form of legal entities)   |  Jupiter Asset Management Limited| 
|                                           |                                  | 
+-------------------------------------------+----------------------------------+ 
|Contact address                            |                                  | 
|(registered office for legal entities)     |1 Grosvenor Place, London SW1X 7JJ| 
|                                           |                                  | 
+-------------------------------------------+----------------------------------+ 
|Phone number & email                       |                       02074120703| 
|                                           |                                  | 
+-------------------------------------------+----------------------------------+ 
|Other useful information                   |                                  | 
|(at least legal representative for legal   |                                  | 
|persons)                                   |                                  | 
|                                           |                                  | 
+-------------------------------------------+----------------------------------+ 
                                            | 
+-------------------------------------------+----------------------------------+ 
|B: Identity of the notifier, if applicable                                    | 
+-------------------------------------------+----------------------------------+ 
|Full name                                  |                                  | 
|                                           |                                  | 
+-------------------------------------------+----------------------------------+ 
|Contact address                            |                                  | 
|                                           |                                  | 
+-------------------------------------------+----------------------------------+ 
|Phone number & email                       |                                  | 
|                                           |                                  | 
+-------------------------------------------+----------------------------------+ 
|Other useful information                   |                                  | 
|(e.g. functional relationship with the     |                                  | 
|person or legal entity subject to the      |                                  | 
|notification obligation)                   |                                  | 
+-------------------------------------------+----------------------------------+ 
 
+------------------------------------------------------------------------------+ 
|C: Additional information                                                     | 
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|                                                                              | 
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 For notes on how to complete form TR-1 please see the FSA website. 
 
 
 
 
 
 
 
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    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Brit Insurance Holdings N.V.  via Thomson Reuters ONE 
 
[HUG#1496442]