Ambac Financial Group, Inc. Declares Quarterly Dividend

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Wed Jul 23, 2008 8:37am EDT 

NEW YORK--(Business Wire)--
Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced
that its Board of Directors declared a regular quarterly cash dividend
of $0.01 per share of common stock. The dividend is payable on
September 3, 2008 to stockholders of record on August 11, 2008.

   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, a guarantor of public finance and structured
finance obligations, has earned a Aa3 rating from Moody's Investors
Service, Inc. and a AA rating from Standard & Poor's Ratings Services;
Moody's rating is on negative outlook while Standard & Poor's
maintains a credit watch negative. Ambac Financial Group, Inc. common
stock is listed on the New York Stock Exchange (ticker symbol ABK).

Ambac Financial Group, Inc.
Investor/Media:
Vandana Sharma, 212-208-3333
vsharma@ambac.com
or
Fixed Income:
Peter Poillon, 212-208-3222
ppoillon@ambac.com

Copyright Business Wire 2008
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