X0202 4 2007-08-29 0 0001352713 RAM Holdings Ltd. RAMR 0001362766 Voldstad Conrad P RAM RE, RAM RE HOUSE 46 REID STREET HAMILTON D0 HM 12 BERMUDA 1 0 0 0 Common Shares, par value $0.10 per share 2007-08-29 4 P 0 10000 A 79400 D Of the 10,000 shares purchased, 100 shares were purchased at $8.88, 100 shares were purchased at $8.90, 100 shares were purchased at $8.92, 100 shares were purchased at $8.93, 1100 shares were purchased at $8.94, 2000 shares were purchased at $8.95, 300 shares were purchased at $8.96, 500 shares were purchased at $8.97, 700 shares were purchased at $8.98, 100 shares were purchased at $8.99, 4200 shares were purchased at $9.00, 400 shares were purchased at $9.01, 200 shares were purchased at $9.02 and 100 shares were purchased at $9.04. /s/ Conrad P. Voldstad 2007-08-31