X0202 4 2007-01-31 0 0001363829 Enstar Group LTD ESGR 0001260997 OROS JOHN J P.O. BOX HM 2267, WINDSOR PLACE, 3RD FLOOR, 18 QUEEN STREET HAMILTON D0 HM JX BERMUDA 1 1 0 0 Executive Chairman Ordinary Shares 2007-01-31 4 A 0 200000 A 200000 I Owned through Brittany Ridge Investment Partners, L.P. Options to Purchase Ordinary Shares 2007-01-31 4 A 0 100000 A 2007-01-31 2010-02-28 Ordinary Shares 100000 D Options to Purchase Ordinary Shares 2007-01-31 4 A 0 50000 A 2007-01-31 2011-06-26 Ordinary Shares 50000 D Options to Purchase Ordinary Shares 2007-01-31 4 A 0 50000 A 2007-01-31 2011-09-27 Ordinary Shares 50000 D Options to Purchase Ordinary Shares 2007-01-31 4 A 0 100000 A 2007-01-31 2013-08-18 Ordinary Shares 100000 D Received in exchange for 200,000 shares of common stock of The Enstar Group, Inc. in connection with the merger of The Enstar Group, Inc. and a subsidiary of Enstar Group Limited, formerly known as Castlewood Holdings Limited (the "Merger"). On the effective date of the Merger, the closing price of the common stock of The Enstar Group, Inc. was $107.83 per share. On the first day of trading after the effective date of the Merger (the first date of trading in the ordinary shares of Enstar Group Limited), the closing price of Enstar Group Limited ordinary shares was $104.75 per share. Received in the Merger in exchange for a stock option to acquire 100,000 shares of common stock of The Enstar Group, Inc. with an exercise price of $12.75. The number of shares of Enstar Group Limited underlying such option and the corresponding exercise price will be determined pursuant to a formula based on the closing price of the ordinary shares of Enstar Group Limited for the five trading days following the closing of the Merger and will therefore change from figures reported herein. Received in the Merger in exchange for a stock option to acquire 50,000 shares of common stock of The Enstar Group, Inc. with an exercise price of $18.00. The number of shares of Enstar Group Limited underlying such option and the corresponding exercise price will be determined pursuant to a formula based on the closing price of the ordinary shares of Enstar Group Limited for the five trading days following the closing of the Merger and will therefore change from figures reported herein. Received in the Merger in exchange for a stock option to acquire 50,000 shares of common stock of The Enstar Group, Inc. with an exercise price of $19.25. The number of shares of Enstar Group Limited underlying such option and the corresponding exercise price will be determined pursuant to a formula based on the closing price of the ordinary shares of Enstar Group Limited for the five trading days following the closing of the Merger and will therefore change from figures reported herein. Received in the Merger in exchange for a stock option to acquire 100,000 shares of common stock of The Enstar Group, Inc. with an exercise price of $40.00. The number of shares of Enstar Group Limited underlying such option and the corresponding exercise price will be determined pursuant to a formula based on the closing price of the ordinary shares of Enstar Group Limited for the five trading days following the closing of the Merger and will therefore change from figures reported herein. John J. Oros 2007-01-31