On January 22, 2018, the Circuit Court for Dane County, Wisconsin entered an order confirming the Second Amended Plan of Rehabilitation of the Segregated Account of Ambac Assurance Corporation dated September 22, 2017 (the “Plan”)*. On February 2, 2018, the Rehabilitator announced that the Effective Date of the Plan would be February 12, 2018. As of the Effective Date, $3,856,992,498.13 in Pre-Record Date Deferred Amounts, (including all Pre-Record Date Deferred Loss Amounts and related Accretion Amounts) remained outstanding on account of Policy Claims submitted in connection with Insured Obligations that have been allocated to the Segregated Account (the "Outstanding DPOs"). Pursuant to the terms of the Plan, on the Effective Date, the Outstanding DPOs were satisfied in full through an effective consideration package of (a) 40% Cash, (b) 41% Senior Secured Notes, (c) 12.5% GA SSNs, and (d) a 6.5% discount (the "Plan Consideration"), with certain minor exceptions as permitted by the Plan. The document below contains the allocations of the Plan Consideration across all CUSIPs associated with the instruments insured by Policies allocated to the Segregated Account. Pursuant to the terms of the Plan, upon distribution of the Plan Consideration to the Beneficial Holders of Pre-Record Date Deferred Amounts, all cash payment obligations related to such Pre-Record Date Deferred Amounts (including any payment obligations related to Accretion Amounts) shall be deemed discharged and satisfied in full with no further force and effect and without further recourse against AAC, AFG, or the Segregated Account.

*Unless otherwise defined herein, capitalized terms used herein shall have the meanings set forth in the Plan. Such meanings shall be equally applicable to both the singular and plural forms of such terms, unless the context otherwise requires.

As referenced in our press release dated January 11, 2018 and in our Current Report on Form 8-K dated January 11, 2018, Ambac Assurance Corporation (“AAC”) has commenced a series exchange offers related to AAC’s 5.1% senior surplus notes due 2020 (the “Surplus Notes”) and a solicitation of consents from holders of the Surplus Notes to a waiver and amendment to the Bank Settlement Agreement, dated as of June 7, 2010, between Ambac Financial Group, Inc., AAC, Ambac Credit Products, LLC and certain settling policy beneficiaries. Set out below is certain information that AAC provided in connection with the exchange offers.

As referenced in our press release dated July 19, 2017 and in our Form 8-K dated July 19, 2017, Ambac has entered into a rehabilitation exit support agreement (the “Rehabilitation Exit Support Agreement”) with certain holders (the “RESA Holders”) of beneficial interests in Deferred Amounts of the Segregated Account of Ambac Assurance Corporation and AAC’s 5.1% senior surplus notes due 2020. Pursuant to certain confidentiality agreements with the RESA Holders in connection with the negotiation of the Rehabilitation Exit Support Agreeindex2ment, Ambac agreed to publicly disclose all material non-public information provided to the RESA Holders (the “Cleansing Materials”). In addition to the Cleansing Materials attached to the Form 8-K, set out below are three further Cleansing Material documents:

As referenced in our Form 8-K dated September 25, 2017, Ambac and the RESA Holders have entered into an amendment to the Rehabilitation Exit Support Agreement (the “Amendment”). Pursuant to the Amendment, the parties to the Rehabilitation Exit Support Agreement deemed the forms of documents listed in Exhibit A thereto to be reasonably satisfactory. Set out below are copies of those documents, as well as copies of certain other documents relating to the rehabilitation exit transactions. Except for the Disclosure Statement and Payment Guidelines, the documents listed below are not yet effective. All documents listed below remain subject to change and Ambac undertakes no obligation to update this website to reflect any changes made to the documents listed below. Ambac will file forms of definitive documents for the rehabilitation exit transactions with the SEC upon their effectiveness.