0000950152-04-008458 Sample Contracts

UNDERWRITING AGREEMENT 1,500,000 Shares of Common Stock, no par value THE MIDLAND COMPANY, CERTAIN SELLING SHAREHOLDERS and KEYBANC CAPITAL MARKETS, A DIVISION OF MCDONALD INVESTMENTS INC. November 18, 2004
Underwriting Agreement • November 19th, 2004 • Midland Co • Fire, marine & casualty insurance • Ohio

KeyBanc Capital Markets, a division of McDonald Investments Inc. As Representative of the Several Underwriters listed on Schedule A hereto c/o KeyBanc Capital Markets 127 Public Square Cleveland, Ohio 44114

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