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Assured Guaranty Ltd. Announces Pricing and Upsizing of Secondary Offering on Behalf of Dexia SA
HAMILTON, Bermuda, Mar 10, 2010 (BUSINESS WIRE) -- Assured Guaranty Ltd. (NYSE:AGO) ("AGL" and, together with its subsidiaries, "Assured Guaranty") announced that Dexia SA (the "Selling Shareholder") has priced a secondary public offering of 21,848,934 AGL common shares owned by the Selling Shareholder at a price of $22.66 per common share. The shares sold represent all of the Selling Shareholder's AGL common shares.

All common shares being offered are being sold by the Selling Shareholder. AGL will not receive any proceeds from the sale of such common shares.

UBS Securities LLC is acting as sole manager for the offering.

A shelf registration statement relating to the offering of AGL common shares has previously been filed with the U.S. Securities and Exchange Commission ("SEC") and has become effective. The offer is being made by the Selling Shareholder only by means of a prospectus supplement and accompanying prospectus, forming an effective part of the registration statement. Before investing, you should read the prospectus supplement and the accompanying prospectus for more complete information about AGL, the Selling Shareholder and this offering. When available, you may get this document for free by visiting EDGAR on the SEC website at www.sec.gov or the investor information section of AGL's website at www.assuredguaranty.com. A copy of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained by contacting: UBS Securities LLC, 299 Park Avenue, New York, New York, 10171, Attn: Prospectus Department (888-827-7275, ext. 3884).

This press release does not constitute an offer to sell or the solicitation of an offer to buy any common shares, nor will there be any sale of common shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Assured Guaranty Ltd. is a publicly-traded Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets. More information on the Assured Guaranty family of companies can be found at www.assuredguaranty.com.

Cautionary Statement Regarding Forward-Looking Statements:

Any forward-looking statements made in this press release reflect AGL's current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. For example, AGL's forward-looking statements could be affected by: (1) rating agency action, including a ratings downgrade at any time of AGL or any of its subsidiaries and/or of transactions insured by such subsidiaries, both of which have occurred in the past; (2) developments in the world's financial and capital markets that adversely affect issuers' payment rates, Assured Guaranty's loss experience, its ability to cede exposure to reinsurers, its access to capital, its unrealized (losses) gains on derivative financial instruments or its investment returns; (3) changes in the world's credit markets, segments thereof or general economic conditions; (4) more severe or frequent losses affecting the adequacy of Assured Guaranty's loss reserve; (5) the impact of market volatility on the mark-to-market of its contracts written in credit default swap form; (6) reduction in the amount of reinsurance portfolio opportunities available to Assured Guaranty; (7) decreased demand or increased competition; (8) changes in applicable accounting policies or practices; (9) changes in applicable laws or regulations, including insurance and tax laws; (10) other governmental actions; (11) difficulties with the execution of Assured Guaranty's business strategy; (12) contract cancellations; (13) Assured Guaranty's dependence on customers; (14) loss of key personnel; (15) adverse technological developments; (16) the effects of mergers, acquisitions and divestitures; (17) natural or man-made catastrophes; (18) other risks and uncertainties that have not been identified at this time; (19) management's response to these factors; and (20) other risk factors identified in AGL's filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which are made as of March 10, 2010. Assured Guaranty undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Assured Guaranty Ltd.

Assured Guaranty Ltd.
Investors and Analysts:
Sabra Purtill, CFA, Managing Director, Investor Relations, 212-408-6044
spurtill@assuredguaranty.com
or
Media:
Betsy Castenir, Senior Vice President, Corporate Communications, 212-339-3424 or 917-940-2462
bcastenir@assuredguranty.com
or
Ashweeta Durani
Vice President, Corporate Communications, 212-408-6042 or 917-597-2065
adurani@assuredguaranty.com

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