X0303 4 2008-06-26 0001348259 VALIDUS HOLDINGS LTD VR 0001407193 Greenberg Jeffrey W. 535 MADISON AVENUE 24TH FLOOR NEW YORK NY 10022 1 0 1 0 0001407620 AQUILINE CAPITAL PARTNERS LLC 535 MADISON AVENUE 24TH FLOOR NEW YORK NY 10022 0 0 1 0 0001407693 AQUILINE HOLDINGS LLC 535 MADISON AVENUE 24TH FLOOR NEW YORK NY 10022 0 0 1 0 0001407619 AQUILINE HOLDINGS LP 535 MADISON AVENUE 24TH FLOOR NEW YORK NY 10022 0 0 1 0 0001407696 AQUILINE HOLDINGS GP INC. 535 MADISON AVENUE 24TH FLOOR NEW YORK NY 10022 0 0 1 0 Common Shares 2008-06-26 4 P 0 18551 20.22 A 4420227 I See Footnotes Common Shares 2008-06-26 4 P 0 10349 20.22 A 2465815 I See Footnotes Common Shares 2008-06-30 4 P 0 193 20.90 A 4420420 I See Footnotes Common Shares 2008-06-30 4 P 0 107 20.90 A 2465922 I See Footnotes This price represents the weighted average price per share of purchases that were executed at prices ranging from $20.10 to $20.35 per share. The Reporting Persons undertake to provide, upon request by the Securities Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each price. This number reflects a transfer of 86,138 shares from Aquiline Financial Services Fund L.P. to Aquiline Financial Services Fund (Offshore) L.P. These shares are held by Aquiline Financial Services Fund L.P. These shares are held by Aquiline Financial Services Fund (Offshore) L.P. Aquiline Capital Partners LLC is the investment manager of each of Aquiline Finanical Services Fund L.P. and Aquiline Financial Services Fund (Offshore) L.P. Aquiline Holdings LLC is the sole member of Aquiline Capital Partners LLC. Aquline Holdings LP is the sole member of Aquline Holdings LLC. Aquiline Holdings GP Inc. is the general partner of Aquiline Holdings LP. Jeffrey W. Greenberg is the sole stockholder of Aquiline Holdings GP Inc. and is a managing principal of Aquiline Capital Partners LLC. Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons may be deemed to be the beneficial owner of the securities reported herein only to the extent of his or its pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed to be an admission that any of the Reporting Persons is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount. Jeffrey W. Greenberg; by John Schuster, as his Attorney-in-Fact 2008-06-30 Aquiline Capital Partners LLC; by Aquiline Holdings LP, as its managing member; by Aquiline Holdings GP Inc., as its general partner; by Jeffrey W. Greenberg, as its sole stockholder; by John Schuster, as his Attorney-in-Fact 2008-06-30 Aquiline Holdings LLC; by Aquiline Holdings LP, as its managing member; by Aquiline Holdings GP Inc., as its general partner; by Jeffrey W. Greenberg, as its sole stockholder; by John Schuster, as his Attorney-in-Fact 2008-06-30 Aquiline Holdings LP; by Aquiline Holdings GP Inc., as its general partner; by Jeffrey W. Greenberg, as its sole stockholder; by John Schuster, as his Attorney-in-Fact 2008-06-30 Aquiline Holdings GP Inc.; by Jeffrey W. Greenberg, as its sole stockholder; by John Schuster, as his Attorney-in-Fact 2008-06-30