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Seminole Red

10/24/08 11:29 AM

#1441 RE: Seminole Red #1439

Ambac Financial Group, Inc. Conference Call to Discuss Third Quarter Earnings Set for November 5, 2008 at 8:30 A.M. EST
10/22 10:32 am (BW)
Story 1783 (ABK)
NEW YORK--(BUSINESS WIRE)--October 22, 2008 --


Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) announced that it will host a conference call for investors on November 5 at 8:30 a.m. Eastern to discuss third quarter 2008 earnings which are scheduled to be released at 6 a.m. that morning. The dial in number for the call is 877 -407 -0778 (U.S.) and 201 -689 -8565 (outside the U.S.).

The conference call will also be broadcast live on Ambac's web site at www.ambac.com.

Beginning at 2 p.m. on November 5 through November 19, the conference call will be available in replay. The replay numbers are 877 -660 -6853 (U.S.) and 201 -612 -7415 (outside the U.S.). The account and confirmation numbers for the replay are 286 and 299593, respectively. A recording will also be available on Ambac's web site approximately one hour after the end of the conference call.

Ambac Financial Group, Inc., headquartered in New York City, is a holding company whose affiliates provide 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 earned a Aa3 rating (on review for downgrade) from Moody's Investors Service, Inc. and a AA rating (negative outlook) from Standard & Poor's Ratings Services. Ambac Financial Group, Inc. common stock is listed on the New York Stock Exchange (ticker symbol ABK).

CONTACT: Ambac Financial Group, Inc.


Investors/Media
Vandana Sharma, 212 -208 -3333
vsharma@ambac.com
or
Fixed Income
Peter Poillon, 212 -208 -3222
ppoillon@ambac.com

SOURCE: Ambac Financial Group, Inc. Copyright Business Wire 2008

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