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GREENLIGHT CAPITAL RE, LTD. Director's Dealing 2008

May 19, 2008

32963_dirs_2008-05-19_b99d98e9-78af-4b9d-a657-c9c9063bff40.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Greenlight Capital Re, Ltd. (GLRE)
CIK: 0001385613
Period of Report: 2008-05-15

Reporting Person: Isaacs Ian (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-05-15 Class A Ordinary Shares A 4681 Acquired 8014 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Ordinary Shares 25000 Indirect
Class A Ordinary Shares 25000 Indirect

Footnotes

F1: Granted pursuant to the Greenlight Capital Re, Ltd. Amended and Restated 2004 Stock Incentive Plan.