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Ambac Financial Group, Inc. 5.875% Debentures Due March 24, 2103

BANKRUPT

Ticker: AKT

Parent Ticker: AMBC

OTC Grey Market Temporary Ticker:

Issuance Date: 03/17/2003

1st Call Date: 03/24/2008

Maturity Date: 03/24/2103

Shares Issued: 7,000,000

Overallotment Shares: 0

Coupon: 5.875%

Face Value: $25.00

Cumulative:

Qualified: No

Quarterly Dividend Amount:

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 30

S&P Rating:

III Rating (In Regards to Dividend Safety Only): F

Moody Rating: