NEW YORK, Nov. 14, 2016 (GLOBE NEWSWIRE) -- Ambac Financial Group, Inc. (Nasdaq:AMBC) ("Ambac"), a holding company
whose subsidiaries, including Ambac Assurance Corporation (“AAC”), provide financial guarantees and other financial services, today
announced that Nader Tavakoli, President and Chief Executive Officer, and David Trick, Chief Financial Officer and Treasurer, are
scheduled to participate in BTIG’s Bond Insurance Panel conference on November 15, 2016 in New York City.
About Ambac
Ambac Financial Group, Inc. ("Ambac"), headquartered in New York City, is a holding company whose subsidiaries, including its
principal operating subsidiaries, Ambac Assurance Corporation ("AAC"), Everspan Financial Guarantee Corp., and Ambac Assurance UK
Limited ("Ambac UK"), provide financial guarantees and other financial services to clients in both the public and private sectors
globally. AAC, including the Segregated Account of AAC (in rehabilitation), is a guarantor of public finance and structured finance
obligations. Ambac’s primary goal is to maximize stockholder value by executing the following key strategies: active runoff
of AAC and its subsidiaries through accretive transaction terminations, policy commutations, settlements and restructurings, and
maximizing the risk-adjusted return on invested assets; loss recovery through litigation and exercise of contractual and legal
rights; improved cost effectiveness and efficiency of the operating platform; rationalization of AAC's capital and liability
structures, enabling simplification of corporate governance and facilitating the successful rehabilitation of the Segregated
Account; and selective business transactions offering attractive risk adjusted returns that, among other things, may permit
utilization of Ambac’s tax net operating loss carry-forwards. 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. 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 residential
mortgage backed securities 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
