IPC Holdings, Ltd. (“IPCR/IPCR1C”)
EXCHANGE OFFER FURTHER EXTENDED by Validus Holdings, Ltd. (“VR”)
Offer Expires: July 13, 2009
Attached, for your information is memo #26101 from the Options Clearing Corporation.
We urge you to read this (see link) and distribute to others within your organization you deem
Exchange Offer Consideration(s) IPC Holdings, Ltd. shareholders will be entitled to receive
1.1234 (formerly 1.2037) Validus Holdings, Ltd. (“VR”)
Voting Common Shares and $3.75 in cash per share.
Cash will be paid in lieu of fractional VR shares.