Thomas M. Metzold to Join National Public Finance Guarantee Corporation as Managing Director and Head of Capital Markets

PURCHASE, N.Y.--(BUSINESS WIRE)--

National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc. MBI, today announced that Thomas M. Metzold will join the company as Managing Director and Head of Capital Markets in early August. In this newly created position, Mr. Metzold will be responsible for leading National's secondary markets business and for coordinating the firm's outreach to buy and sell-side municipal bond trading desks. Mr. Metzold joins National following a 28-year career at Eaton Vance Management, where he was a Senior Municipal Portfolio Advisor and portfolio manager for approximately $5.5 billion of municipal assets.

"We're pleased to welcome Tom to National," said Tom Weyl, Managing Director and Head of New Business Development. "His extensive experience in the municipal bond market and deep understanding of the needs of traders, portfolio managers and credit analysts will be invaluable as we look to expand our secondary markets business and reestablish National's leadership position in the bond insurance industry."

Mr. Metzold is a Chartered Financial Analyst and a member of the Association of Investment Management and Research (AIMR), the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. Mr. Metzold holds an MBA from the State University of New York at Albany and a B.S. degree in Finance from Siena College.

Forward-Looking Statements

This release includes statements that are not historical or current facts and are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "anticipate," "project," "plan," "expect," "estimate," "intend," "will likely result," "looking forward" or "will continue," and similar expressions identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected, including, among other factors, the possibility that MBIA Inc. or National will experience increased credit losses or impairments on public finance obligations issued by state, local and territorial governments and finance authorities that are experiencing unprecedented fiscal stress; the possibility that loss reserve estimates are not adequate to cover potential claims; MBIA Inc.'s or National's ability to fully implement their strategic plan, including the ability to maintain high stable ratings for National and generate investor demand for National's financial guarantees; and changes in general economic and competitive conditions. These and other factors that could affect financial performance or could cause actual results to differ materially from estimates contained in or underlying MBIA Inc.'s or National's forward-looking statements are discussed under the "Risk Factors" section in MBIA Inc.'s most recent Annual Report on Form 10-K, which may be updated or amended in MBIA Inc.'s subsequent filings with the Securities and Exchange Commission. MBIA Inc. and National caution readers not to place undue reliance on any such forward-looking statements, which speak only to their respective dates. National and MBIA Inc. undertake no obligation to publicly correct or update any forward-looking statement if it later becomes aware that such result is not likely to be achieved.

National Public Finance Guarantee Corporation, headquartered in Purchase, New York is the world's largest U.S. public finance-only financial guarantee insurance company, with offices in New York and San Francisco. Please visit National's website at www.nationalpfg.com.

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