Ambac to Host Investor Day on March 27, 2014

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| Source: Ambac Financial Group, Inc.

NEW YORK, Feb. 21, 2014 (GLOBE NEWSWIRE) -- Ambac Financial Group, Inc. (Nasdaq:AMBC) ("Ambac" or the "Company"), a holding company whose subsidiaries, including Ambac Assurance Corporation ("Ambac Assurance"), provide financial guarantees and other financial services to clients in both the public and private sectors globally, will host an Investor Day on March 27, 2014. Presentations by members of the executive management team, including a question and answer session, are scheduled from 9:00am until approximately 12:00pm (ET).

The general public can access the conference through live audio webcast on Ambac's website at www.ambac.com. Presentation slides will be posted on the day of the event. The webcast will be archived on Ambac's website.

About Ambac

Ambac Financial Group, Inc., headquartered in New York City, is a holding company whose subsidiaries, including its principal operating subsidiary, Ambac Assurance Corporation ("Ambac Assurance"), Everspan Financial Guarantee Corp., and Ambac Assurance UK Limited, provide financial guarantees and other financial services to clients in both the public and private sectors globally. Ambac Assurance, including the Segregated Account of Ambac Assurance Corporation (in rehabilitation), is a guarantor of public finance and structured finance obligations. Ambac Financial Group, Inc. is also exploring opportunities involving the development or acquisition of new financial services businesses. Ambac Financial Group Inc.'s common stock trades on the NASDAQ Global Select Market. For more information, please go to www.ambac.com

Abbe F. Goldstein, CFA
Managing Director, Investor Relations and
Corporate Communications
(212) 208-3222