ABK Ambac Financial Grp. Common Stock

Ambac Financial Group, Inc. Conference Call to Discuss First Quarter Earnings Set for Wednesday, April 21, 2004 at 11 A.M. EDT NEW YORK, April 8 /PRNewswire-FirstCall/ -- The Management of Ambac Financial Group, Inc. will conduct a conference call on Wednesday, April 21, 2004 at 11:00 A.M. EDT to review the Company's 2004 1st Quarter results. Following a discussion of the results, a question and answer session will be conducted by management. Dial In Number for Live Call Domestic: 877-407-8035 International: 201-689-8035 Digital Replay Number & Passcode Available at 2:00 p.m. on Wednesday, April 21, 2004 andruns through Friday, April 30, 2004 @ 11:59 p.m. Domestic 877-660-6853 International 201-612-7415 Passcode Account # 1628 Confirmation # 99525 NOTE: The conference call will also be simulcast on the web Please visit http://www.ambac.com/ A Copy of the Earnings Release will be released @ 8:00 a.m. that morning. DATASOURCE:Ambac Financial Group, Inc. CONTACT: Irene Baerga of Ambac Financial Group, Inc., +1-212-208-3145 Web site: http://www.ambac.com/

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