Assured Guaranty Ltd. Closes Initial Public Offering

[Assured Guaranty via BizWire]

Will Issue Its First Quarter Earnings on Tuesday, May 11, 2004
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HAMILTON, Bermuda--(BUSINESS WIRE)--April 29, 2004--Assured
Guaranty Ltd. (NYSE:AGO) announced that the initial public offering of
49,000,000 of its common shares, at $18.00 per share, was completed
yesterday, April 28, 2004. An additional 7,350,000 common shares may
be sold depending upon the exercise of an over-allotment option
granted to underwriters. All of the shares were sold by ACE Limited
subsidiaries, which will receive the net proceeds.
As a publicly traded company, Assured Guaranty will issue its
first quarter earnings and financial supplement before 7:00 a.m. EDT
(8:00 a.m. ADT) on Tuesday, May 11, 2004. These documents will be
available in the Investor Information section of the Company's website
located at www.assuredguaranty.com.
The Company will host a conference call for investors at 8:30 a.m.
EDT (9:30 a.m. ADT) on Tuesday, May 11, 2004. The conference call will
be available via live and archived webcast at www.assuredguaranty.com
or by dialing 1-800-901-5217 (in the United States) and 1-617-786-2962
(International), passcode 65812948. A replay of the call will be
available from May 11, 2004 until May 25, 2004. To listen to the
replay dial: 1-888-286-8010 (in the United States) or 1-617-801-6888
(International), passcode 16047630.
Assured Guaranty is a Bermuda-based holding company providing
credit enhancement products to the municipal finance, structured
finance and mortgage markets. More information can be found at
www.assuredguaranty.com.