• Financial Guaranty Insurance Company (FGIC) Covered Policies Under MBIA Reinsurance Transaction (revised on 12/31/09)
  (The Covered Policies list includes FGIC-insured credits reinsured by MBIA on 9/30/08 and an additional set of policies reinsured by MBIA on 12/1/08. As part of MBIA Inc.’s establishment of MBIA Insurance Corp. of Illinois (“MBIA Illinois”) as a new U.S. public finance financial guarantee insurance company within the MBIA Inc. group on 2/17/09, MBIA Insurance Corporation ceded to MBIA Illinois, effective 1/1/09, all of its U.S. public finance policies, including assigning its rights and obligations with respect to the U.S. public finance business of FGIC that was reinsured by MBIA Insurance Corporation.)
• 2/18/2009: MBIA Establishes Separate Public Finance Bond Insurance Company and Advances Transformation Strategy
• 2/17/2009: FGIC Assignment Agreement to MBIA Illinois
  Effective January 1, 2009
• 2/17/2009: MBIA Illinois Second-to-Pay Policy for FGIC Policyholders Effective January 1, 2009
• 12/03/08 Notice to Policyholders: FGIC/MBIA Reinsurance Transaction Closing
• 10/1/2008: MBIA Announces Closing of Reinsurance Transaction with Financial Guaranty Insurance Company
• 9/30/2008: Reinsurance Agreement
• 8/27/2008: MBIA to Reinsure $184 Billion Portfolio of Investment Grade U.S. Public Finance Credits Insured by Financial Guaranty Insurance Company

Updated as of 3/11/2009, for further information please refer to MBIA’s SEC filings.