VALIDUS HOLDINGS LTD

CUSIP: G9319H102 Class: COM

Triple Frond Partners LLC's Holding History (CIK: 0001454502)

Note: Option positions (PUT/CALL) are excluded.

Q1 2014
Shares 400,000 Value ($000) $15,084 Avg Close — Range —
Q4 2013
Shares 400,000 Value ($000) $16,116 Avg Close — Range —
Q3 2013
Shares 550,000 Value ($000) $20,339 Avg Close — Range —