ABK Ambac Financial Grp. Common Stock

Ambac's Chief Executive Officer to Present at Merrill Lynch Insurance Investor Conference NEW YORK, Feb. 12 /PRNewswire-FirstCall/ -- Ambac Financial Group, Inc. (Ambac) announced today that Robert J. Genader, Ambac's President and Chief Executive Officer, will present at the Merrill Lynch Global Insurance Investor Conference on February 24, 2004 at 9:25am (EST) at the St. Regis Hotel in New York City. The presentation will be broadcast live from Ambac's website and a replay will be available approximately 24 hours after the presentation for a total of 14 days. The link is: http://www.ambac.com/ 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, is a leading guarantor of municipal and structured finance obligations. It has earned triple-A ratings, the highest ratings available, from Moody's Investors Service, Inc., Standard & Poor's Ratings Services, Fitch, Inc. and Rating and Investment Information, Inc. Ambac Financial Group, Inc. common stock is listed on the New York Stock Exchange (ticker symbol ABK). DATASOURCE: Ambac Financial Group, Inc. CONTACT: Peter R. Poillon of Ambac Financial Group, Inc., +1-212-208-3333, Web site: http://www.ambac.com/

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