Press Release

Ambac Discloses Outstanding Single Risk Exposures and Updated Investment Portfolio Information on its Web Site

NEW YORK, June 8, 2010 -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) announced today that it has disclosed its March 31, 2010 portfolio of financial guarantee liability exposures adjusted for the impact of the previously announced commutations, including the commutation of $16.4 billion of CDO of ABS exposure. Additionally, Ambac has disclosed updated detailed information about its financial guarantee investment portfolio as of May 25, 2010. The new disclosures can be found under the “Investor Relations - Selected Exposures” segment of its web site at www.ambac.com.

 

About Ambac

Ambac Financial Group, Inc., headquartered in New York City, is a holding company whose affiliates provided financial guarantees and financial services 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 a Caa2 rating under review for possible upgrade from Moody's Investors Service, Inc. and an R (regulatory intervention) financial strength rating from Standard & Poor's Ratings Services. Ambac Financial Group, Inc. common stock is listed on the New York Stock Exchange (ticker symbol ABK).

 

Investor Contact: Peter Poillon
(212) 208-3333
ppoillon@ambac.com