X0202 4 2005-09-30 0 0001179755 ENDURANCE SPECIALTY HOLDINGS LTD ENH 0001244607 BELL THOMAS D C/O ENDURANCE SPECIALTY HOLDINGS LTD., WELLESLEY HOUSE, 90 PITTS BAY ROAD PEMBROKE D0 HM 08 BERMUDA 0 1 0 0 Executive Vice President Restricted Share Unit 0.00 2005-09-30 2005-09-30 4 A 0 21 A 2009-03-01 Ordinary Shares 21 2861 D Restricted Share Unit 0.00 2005-09-30 2005-09-30 4 A 0 12 A 2006-03-01 Ordinary Shares 12 1659 D Restricted Share Unit 0.00 2005-09-30 2005-09-30 4 P 0 9 A 2008-03-01 Ordinary Shares 9 1202 D The restricted share units are forfeitable only upon violation of a non-competition restriction and are converted into ordinary shares or their cash equivalent on March 1, 2009. The restricted share units were delivered in connection with the issuance by the Company of a $0.25 per share dividend on September 30, 2005 in accordance with the terms of a restricted share unit agreement dated March 1, 2005. The closing sale price for the Company's ordinary shares on September 30, 2005 was $34.11 per share. The restricted share units are forfeitable only upon violation of a non-competition restriction and are converted into ordinary shares or their cash equivalent on March 1, 2006. The restricted share units were delivered in connection with the issuance by the Company of a $0.25 per share dividend on September 30, 2005 in accordance with the terms of a restricted share unit agreement dated March 3, 2003. The closing sale price for the Company's ordinary shares on September 30, 2005 was $34.11 per share. The restricted share units are forfeitable only upon violation of a non-competition restriction and are converted into ordinary shares or their cash equivalent on March 1, 2008. The restricted share units were delivered in connection with the issuance by the Company of a $0.25 per share dividend on September 30, 2005 in accordance with the terms of a restricted share unit agreement dated March 1, 2004. The closing sale price for the Company's ordinary shares on September 30, 2005 was $34.11 per share. /s/ Thomas D. Bell 2005-10-04