Ambac Releases Statement Regarding Speculative Acquisition Report

Ambac Financial Group Inc AMBC:

• AMBAC RELEASES STATEMENT REGARDING SPECULATIVE ACQUISITION REPORT

• AMBAC FINANCIAL GROUP INC - MEDIA REPORT INDICATING CO IS IN DISCUSSIONS TO ACQUIRE A FINANCIAL GUARANTEE COMPANY IS INACCURATE

• AMBAC FINANCIAL GROUP INC - IS NOT ENGAGED IN AN ACQUISITION PROCESS WITH ANY FINANCIAL GUARANTEE BUSINESS