The listing of Blue Coast Ltd's Principal At-Risk Variable Rate Note Program along with three Series 2008-1 Notes Classes A, B & C is an issuance pursuant to the Program under the Exchange's Restricted Marketing provisions for Qualified Investors and Section V of the BSX Listing Regulations pertaining to International Issuers of Insurance Related Securities.

Blue Coast Ltd is a Cayman Islands exempted company. The purpose of the Principal At-Risk Note Program is to provide the Issuer with funds in order to support its obligations under the respective Risk Transfer Contracts it enters into with the Risk Transfer Contract Counterparty.

The Risk Transfer Contract Counterparty for each Class within a series of notes is Allianz Risk Transfer (Bermuda) Limited, which is a wholly-owned subsidiary of Allianz SE as specified in the Offering Circular Supplement.

The Issuance of the $ 70,000,000 Series 2008-1 Class A Principal At-Risk Variable Rate Notes due December 8, 2010, are exposed to the peril of Hurricane on an aggregate basis over the risk period;