Republic Companies Group, Inc. – Indentures Watch

from 10-Q 2 pages The Republic Group Sm Republic Companies Group, Inc. Incorporated Under the Laws of the State of Delaware Common Stock Par Value $.01 Per Share See Reverse Side for Definitions and Restrictions Cusip 760349 10 0 This Certifies That Is the Record Holder of Fully Paid and Non-Assessable Shares of the Common Stock, $.01 Par Value Per Share, of Republic Companies Group, Inc. Transferable Only on the Books of the Corporation by the Holder Hereof in Person or by a Duly Authorized Attorney Upon Surrender of This Certificate Properly Endorsed. This Certificate Is Not Valid Until Countersigned by The-Transfer Agent and Registered by the Registrar. in Witness Where Of, the Corporation Has Caused the Facsimile Signatures of Its Duly Authorized Officers and Its Facsimile Sea1 to Be Hereunto Affixed. Dated: Countersigned and Registered: Mellon Investor Services LLC By: Transfer Agent and Registrar Authorized Signature President Secretary * Republic Companies Group, Inc. Corporate Seal Delaware

from S-1/A 2 pages Republic Companies Group, Inc. Incorporated Under the Laws of the State of Delaware See Reverse Side for Common Stock Definitions and Restrictions Par Value $.01 Per Share Cusip 760349 10 0