X0202 4 2005-12-29 0001338949 CRM Holdings, Ltd. CRMH 0001347507 Patafio Salvatore C/O COMPENSATION RISK MANAGEMENT, LLC 112 DELAFIELD ST POUGHKEEPSIE NY 12601 1 0 0 0 Common Shares 2005-12-29 4 A 0 611 A 611 D Shares granted to Reporting Person in the form of a restricted stock award under the 2005 Long-Term Incentive Plan, all of which shares will vest in three equal annual installments, commencing on the first anniversary of their date of grant. None of these shares is deemed outstanding under the laws of Bermuda until such shares vest. /s/ Salvatore A. Patafio by Louis J. Viglotti, Attorney-in-Fact 2005-12-29