X0305 4 2012-06-05 0 0001385613 GREENLIGHT CAPITAL RE, LTD. GLRE 0001533645 BRENDAN BARRY 65 MARKET STREET, SUITE 1207, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205 CAYMAN ISLANDS 0 1 0 0 Chief Underwriting Officer Class A ordinary shares 2012-06-05 4 S 0 10000 24.89 D 49853 D The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple trades at prices ranging from $24.85 to $24.93, inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, Greenlight Capital Re, Ltd., or security holders of Greenlight Capital Re, Ltd., full information regarding the number of shares sold at each separate price within the range set forth in this footnote. /s/ Tim Courtis as attorney-in-fact 2012-06-06