c/o Kane (Cayman) Limited
The Pavillion Building
171 Elgin Avenue
P.O. Box 10233
Grand Cayman KY1 - 1002
Cayman Islands
Listed Since: 2010/12/23
Delisted on: 2014/01/08
CUSIP: 612098AD5
ISIN: US612098AD59
Tel: +345 949 5263
Fax: =345 949 6021

Montana Re’s Ltd’s Principal At-Risk Variable Note Program & Series 2010-1, Classes C, D, & E Notes that constitute a $210 million dollar 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.


This tranche listing relates to Class D in the amount of USD$80M


Montana Re Ltd is a Cayman Islands exempted company licensed as a Class B insurer in the Cayman Islands. 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 will be Flagstone Reassurance Suisse S.A. as specified in the applicable Offering Circular Supplement.



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