Assured Guaranty Statement on Expected MAC Merger

March 1, 2021

On February 24, 2021, Assured Guaranty received the last regulatory approval required to merge Municipal Assurance Corp. (MAC) with and into Assured Guaranty Municipal Corp. (AGM), with AGM as the surviving company. The merger is expected to be effective on April 1, 2021. Upon the merger, all direct insurance policies issued by MAC would become direct insurance obligations of AGM.