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EC (as amended, including by Directive 2010/73/EU), and includes any relevant implementing measure in the Relevant Member State. United Kingdom In the United Kingdom, this prospectus supplement and the accompanying prospectus are only being distributed to and are only directed at, and any offer subsequently may o
epositary shares to the public in that Relevant Member State at any time: • to any legal entity which is a qualified investor as defined under the Prospectus Directive; • to fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus Directive) subject to obtaini
nt. United Kingdom Taxation of Validus Holdings and its Subsidiaries Certain of Validus Holdings' subsidiaries are incorporated and tax resident in the United Kingdom for United Kingdom corporation tax purposes. Such subsidiaries are subject to United Kingdom corporation tax on their worldwide profits, subject to
y shares may be made to the public in that Relevant Member State other than: A. to any legal entity which is a qualified investor as defined in the Prospectus Directive; B. to fewer than 100 or, if the Relevant Member State has implemented the relevant provision of the 2010 PD Amending Directive, 150, na
EC (as amended, including by Directive 2010/73/EU), and includes any relevant implementing measure in the Relevant Member State. United Kingdom In the United Kingdom, this prospectus in relation to the shares described herein is being directed only at persons who are "qualified investors" (as defined in the Prosp
pectus may be made to the public in that Relevant Member State other than: (a) to any legal entity which is a "qualified investor as defined in the Prospectus Directive; (b) to fewer than 150 natural or legal persons (other than "qualified investors" as defined in the Prospectus Directive), per Relevant M
Notice to prospective Investors In the United Kingdom This document is only being distributed to and is only directed at (r) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, re
de at any time under the following exemptions under the Prospectus Directive: to any legal entity which is a qualified investor as defined under the Prospectus Directive; to fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus Directive), subject to obtaining
in the United Kingdom This prospectus supplement and the accompanying prospectus are only being distributed to, and is only directed at, persons in the United Kingdom that are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive that are also (i) investment professionals falling wi
plement may not be made to the public in that relevant member state other than: to any legal entity which is a qualified investor as defined in the Prospectus Directive; to fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus Directive), as permitted under t
Entities connected to both United Kingdom and Prospectus

Jeffrey Epstein
PERSON
United States
LOCATION
Julie K. Brown
PERSON
Hong Kong
LOCATIONthe Securities and Exchange Commission
ORGANIZATIONthe European Economic Area
LOCATION
Morgan Stanley
ORGANIZATIONthe District of Columbia
LOCATION
Bermuda
LOCATION
Eric Holder
PERSONKeogh
ORGANIZATION
Ontario
LOCATION
St. Louis
LOCATIONthe Securities and Futures Ordinance
ORGANIZATION
Exchange
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONRegistrar
ORGANIZATIONUBS Investment Bank
ORGANIZATIONthe Swiss Financial Market Supervisory Authority
ORGANIZATIONthe City of New York
LOCATION