Press Release

Ambac Executive to Present at Keefe Bruyette & Woods Diversified Financials Conference

NEW YORK, June 02, 2008 -- Ambac Financial Group, Inc. (NYSE:ABK) (Ambac) today announced that Douglas Renfield-Miller, Executive Vice President, will present at the Keefe Bruyette & Woods Diversified Financials Conference on Wednesday, June 4th, 2008 at 3:45 pm  (Eastern) in New York City.

The presentation will be broadcast live from Ambac’s website and a replay will be available after the presentation until August 3, 2008.  The link is: http://www.kbw.com/news/conferenceDivFin2008.html

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Ambac Financial Group, Inc., headquartered in New York City, is a holding company whose affiliates provide financial guarantees to clients in both the public and private sectors around the world. Ambac's principal operating subsidiary, Ambac Assurance Corporation, a guarantor of public finance and structured finance obligations, has earned triple-A ratings from Moody's Investors Service, Inc. and Standard & Poor's Ratings Services; and a double-A rating from Fitch, Inc. Moody's, Standard & Poor's and Fitch all maintain a “negative outlook”. Ambac Financial Group, Inc. common stock is listed on the New York Stock Exchange (ticker symbol ABK).

 

Contact Information:
Investor/Media Contact: Vandana Sharma
212-208-3333
vsharma@ambac.com

Fixed Income Contact: Peter Poillon
(212) 208-3222
ppoillon@ambac.com