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GREENLIGHT CAPITAL RE, LTD. Director's Dealing 2008

May 19, 2008

32963_dirs_2008-05-19_f21939cd-b730-4272-bff0-bb822cfd5db9.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: Platt Joseph P JR (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-05-15 Class A Ordinary Shares A 4681 Acquired 14313 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Class A Ordinary Shares 70000 Indirect

Footnotes

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

F2: These shares are held for the account of a partnership of which Mr. Platt is the general partner.