October 10, 2013

Ambac Provides Overview of Insured Puerto Rico Exposure

NEW YORK, Oct. 10, 2013 (GLOBE NEWSWIRE) -- In response to recent questions about Ambac Financial Group, Inc.'s ("the Company") (Nasdaq:AMBC) exposure to the Commonwealth of Puerto Rico, the Company has posted an overview of its Puerto Rico exposures under "Events and Presentations" in the Investor Relations section of its website.

About Ambac

Ambac Financial Group, Inc., headquartered in New York City, is a holding company whose subsidiaries, including its principal operating subsidiary, Ambac Assurance Corporation ("Ambac Assurance"), Everspan Financial Guarantee Corporation, and Ambac Assurance UK Limited, provided financial guarantees and other financial services to clients in both the public and private sectors globally. Ambac Assurance, including the Segregated Account of Ambac Assurance (in rehabilitation), is a guarantor of public finance and structured finance obligations. Ambac Financial Group, Inc. is also exploring opportunities involving the development or acquisition of new financial services businesses. Ambac Financial Group Inc.'s common stock trades on the NASDAQ Global Select Market.

CONTACT: Michael Fitzgerald

         (212) 208-3222

         mfitzgerald@ambac.com

Ambac Financial Group, Inc.

Source: Ambac Financial Group, Inc.

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