GREENLIGHT CAPITAL RE, LTD. — Director's Dealing 2008

Dec 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Greenlight Capital Re, Ltd. (GLRE)
CIK: 0001385613
Period of Report: 2008-12-03

Reporting Person: Courtis Tim (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-03	Class A Ordinary Shares	P	3000	$10.145	Acquired	97000	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $10.06 to $10.16. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.