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Ambac Announces Meeting and Record Date for 2019 Meeting of Stockholders

March 20, 2019

NEW YORK, March 20, 2019 (GLOBE NEWSWIRE) -- Ambac Financial Group, Inc. (Nasdaq: AMBC) (“Ambac”), a holding company whose subsidiaries provide financial guarantees, today announced that Ambac’s 2019 Annual Meeting of Stockholders will be held on Monday, June 3, 2019 at 11:00 am (ET). The meeting will be held at Ambac’s headquarters at One State Street Plaza, New York, NY. The record date for determining stockholders entitled to notice of, and to vote at, the annual meeting will be the close of business on April 10, 2019.

About AmbacAmbac Financial Group, Inc. (“Ambac” or “AFG”), headquartered in New York City, is a holding company whose subsidiaries, including its principal operating subsidiaries, Ambac Assurance Corporation (“Ambac Assurance or AAC”), Everspan Financial Guarantee Corp. and Ambac Assurance UK Limited (“Ambac UK”), provide financial guarantees of obligations in both the public and private sectors globally. AAC is a guarantor of public finance and structured finance obligations. Ambac’s common stock trades on the NASDAQ Global Select Market under the symbol “AMBC”. The Amended and Restated Certificate of Incorporation of Ambac 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 or a holder of 5% or more of Ambac’s common stock increases its ownership interest. 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 residential mortgage backed securities litigations. For more information, please go to www.ambac.com.

Contact

Lisa A. KampfManaging Director, Investor Relations(212) 208-3177 lkampf@ambac.com

Source: Ambac Financial Group, Inc.

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