0000950123-06-007337 Sample Contracts

CONFIRMATION
Montpelier Re Holdings LTD • June 2nd, 2006 • Fire, marine & casualty insurance • New York

The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a “Confirmation” as referred to in the Agreement specified below.

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SHARE ISSUANCE AGREEMENT
Share Issuance Agreement • June 2nd, 2006 • Montpelier Re Holdings LTD • Fire, marine & casualty insurance • New York
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