Ambac Provides Overview of Insured Puerto Rico Exposure

Ambac Provides Overview of Insured Puerto Rico Exposure

NEW YORK, Oct. 10, 2013 (GLOBE NEWSWIRE) -- In response to recent questions
about Ambac Financial Group, Inc.'s ("the Company") (Nasdaq:AMBC) exposure to
the Commonwealth of Puerto Rico, the Company has posted an overview of its
Puerto Rico exposures under "Events and Presentations" in the Investor
Relations section of its 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
Corporation, and Ambac Assurance UK Limited, provided 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
(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

CONTACT: Michael Fitzgerald
         (212) 208-3222

Ambac Financial Group, Inc.
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