RDN Radian Group Inc

Radian Announces Termination of Poison Pill PHILADELPHIA, Feb. 26 /PRNewswire-FirstCall/ -- The Board of Directors of Radian Group Inc. has voted to terminate the company's "poison pill," otherwise known as the shareholder rights plan. Under the shareholder rights plan, one right is attached to each outstanding share of common stock. The company will buy back the rights under the plan at the redemption price of $.0005 per right, payable in cash to shareholders of record as of March 8, 2004. Shareholders do not have to take any action to receive the redemption payment and do not have to exchange stock certificates. Redemption payments will be mailed to record holders by March 29, 2004. As of February 25, 2004, Radian had 94,267,286 shares outstanding. Radian Group Inc. is a leading credit enhancement provider to the global financial and capital markets, headquartered in Philadelphia. Radian's subsidiaries provide products and services through three business lines: financial guaranty, mortgage insurance and other financial services. Additional information may be found at http://www.radiangroupinc.com/. DATASOURCE: Radian Group Inc. CONTACT: Investors: Mona Zeehandelaar, +1-215-231-1674, ; or Media: Elizabeth Emmons, +1-215-231-1334, , both of Radian Group Web site: http://www.radiangroupinc.com/

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