40 Validus Holdings, Ltd. (Ticker: VR) 4› 4> Securit=es Offered: 40 Depositary Shares Each Repres=nting a 1/1,000th Interest in a Share of % Non-Cumulative Preference Share=, Series B 4k 4> Size:4, 4> $150mm (6mm $25 per depositary share) 4), 40=M) Expecte= Ratings: 4> Baa3 (5)/ BBB—=(5) / BBB (5) Format:40