ABK Ambac Financial Grp. Common Stock

Ambac Management To Present At 2004 Investor Day Conference NEW YORK, May 18 /PRNewswire-FirstCall/ -- Ambac Financial Group, Inc. today announced that members of its senior management will present at Ambac's Investor Day Conference to be held at their headquarters in New York City on May 19, 2004. The presentation and slides will be web cast live beginning at 8:30a.m. (EDT) on Ambac's web site http://www.ambac.com/, and a replay will be available approximately two hours after the conclusion of the presentation. 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 leading guarantor of public finance and structured finance obligations, has earned triple-A ratings, the highest ratings available from Moody's Investors Service, Inc., Standard & Poor's Ratings Services, Fitch, Inc. and Rating and Investment Information, Inc. Ambac Financial Group, Inc. common stock is listed on the New York Stock Exchange (ticker symbol ABK). DATASOURCE: Ambac Financial Group, Inc. CONTACT: Investor, Media Contact: Peter R. Poillon of Ambac Financial Group, +1-208-3333, Web site: http://www.ambac.com/

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