X0202 4 2005-12-30 0 0001179755 ENDURANCE SPECIALTY HOLDINGS LTD ENH 0001330708 Angelina Michael E C/O ENDURANCE SPECIALTY HOLDINGS LTD. WELLESLEY HOUSE, 90 PITTS BAY ROAD PEMBROKE D0 HM08 BERMUDA 0 1 0 0 Chief Actuary Restricted Share Unit 0.00 2005-12-30 4 A 0 97 A 2010-06-20 Ordinary Shares 97 14006 D The dividend restricted share units granted vest and convert upon the expiration of the underlying restricted share units, as established in the agreement governing the underlying restricted share units and are forfeitable upon the violation of certain terms included in such agreement. The number of restricted share units issued was determined pursuant to the terms of the agreement governing the securities based on (i) the closing sale price for the Company?s ordinary shares on December 30, 2005 of $35.85 and (ii) the issuance by the Company of a $0.25 per share dividend on that date. /s/ Michael E. Angelina 2006-01-04