ABK Ambac Financial Grp. Common Stock

Ambac Financial Group, Inc. (NYSE:ABK) (Ambac) today named Miguel S�nchez Managing Director of European Fixed Income Investor Relations and Client Relationship Management. In his new role, Mr. S�nchez will work closely with Vandana Sharma and Peter Poillon of the New York-based Investor Relations team; Nancy Fox, who has responsibility for Ambac�s Sydney and Tokyo offices and is the firm�s principal investor contact in the Asia / Pacific region; and Paul Burke, who heads Client Relationship Management in New York. Douglas Renfield-Miller, Executive Vice President, stated that, �This further strengthens our communications platform to allow us to continue to execute our transparency initiatives. We are keen to be responsive to the needs of our non-US fixed income investors by providing a senior Ambac contact in their own geographic region and time zone.� Mr. S�nchez has worked in the firm�s London office for eight years, previously having led one of Ambac�s European underwriting groups. 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 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).