February 17, 2015

Ambac to Participate in Investor Conferences in March 2015

NEW YORK, Feb. 17, 2015 (GLOBE NEWSWIRE) -- Ambac Financial Group, Inc. (Nasdaq:AMBC) ("Ambac"), a holding company whose subsidiaries provide financial guarantees and other financial services, announced today that members of its management team will participate in two investor conferences in March 2015.

Nader Tavakoli, Interim President and Chief Executive Officer, and David Trick, Chief Financial Officer and Treasurer, are scheduled to participate in the 40th Annual Conference of the Association of Insurance and Financial Analysts (AIFA) in Naples, FL on March 3, 2015.

Mr. Tavakoli and Mr. Trick are also scheduled to participate in the Second Annual Bernstein Financials Summit in Boston, MA on March 11, 2015.

Ambac's fourth quarter 2014 Investor Presentation will be posted on its website prior to the conferences.

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 Corp., and Ambac Assurance UK Limited, provide 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 acquisition and/or development of new businesses. Ambac Financial Group Inc.'s common stock trades on the NASDAQ Global Select Market. The Amended and Restated Certificate of Incorporation of Ambac Financial Group, Inc. contains substantial restrictions on the ability to transfer Ambac's common stock. Subject to limited exceptions, any attempted transfer of common stock shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is a part), any person or group of persons shall become a holder of 5% or more of Ambac's common stock. Ambac is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information, and the posting of updates to the status of certain primary representation & warranty litigations. For more information, please go to www.ambac.com.

CONTACT: Abbe F. Goldstein, CFA

         Managing Director, Investor Relations

         and Corporate Communications

         (212) 208-3222

         agoldstein@ambac.com

Ambac Financial Group, Inc.

Source: Ambac Financial Group, Inc.

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