ACA Capital Responds to Various News Reports

NEW YORK--(Business Wire)--ACA Capital Holdings, Inc. (OTC BB: ACAH.PK) today issued the
following statement in response to various stories that have run today
in The New York Times, Bloomberg and other news sources with headlines
suggesting that the Maryland Insurance Commissioner (the
"Commissioner") has "taken control" of its financial guaranty
insurance subsidiary, ACA Financial Guaranty Corporation ("ACA FG").

"Despite the somewhat misleading headlines of these stories, the
articles make clear in their texts that the events referred to are not
the initiation of any type of formal delinquency proceedings by the
Commissioner against ACA FG, but rather ACA FG's entry last week into
a consent agreement and a representation letter with the Commissioner.
The trigger for today's press stories was ACA Capital's filing late
yesterday of a Form 8-K disclosing the events of last week, including
the S&P downgrade, the forbearance agreement with derivative
counterparties, and the two letters that ACA FG entered into with the
Commissioner."

Investor Relations:
ACA Capital
Adam Willkomm, 212-375-2085
Treasurer
awillkomm@aca.com
or
Media:
Hyde Park Financial Communications
Fred Bratman, 212-683-3931 x217
fbratman@hydeparkfin.com

Copyright Business Wire 2007