X0201 4 2003-12-04 0 0000862510 TRANSATLANTIC HOLDINGS INC TRH 0001236621 MACKOWSKI JOHN J 33 WIDGEON LANE LITTLE COMPTON RI 02837 1 0 0 0 Stock Option (Right to Buy) 77.5900 2003-12-04 4 A 0 5000 A 2013-12-04 Common Stock 5000.0000 5000.0000 D These options were granted under TRH's 2000 Stock Option Plan. Pursuant to the terms of the plan, 25% of the option becomes exercisable on the anniversary date in each of the four years following the grant. By: /s/ Gary A. Schwartz, by power of attorney for John J. Mackowski 2003-12-05