Octave Specialty Group, Inc. · NYSE:OSG

Octave Specialty — Ambac Financial Group — Corporate Update (July 2014)

6 slides from Octave Specialty's corporate update, Jul 11, 2014

  1. Slide 1: Puerto Rico Exposure

    PUERTO RICO EXPOSURE JULY 2014 © 2014 Ambac Financial Group, Inc. One State Street Plaza, New York, NY 10004 All Rights Reserved | 800-221-1854 | www.ambac.com

  2. Slide 2: Neither Ambac nor any of its employees, affiliates or representatives makes any representation or

    Neither Ambac nor any of its employees, affiliates or representatives makes any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained in this overview, and the recipient of this overview expressly disclaims any and all liabilities re

  3. Slide 3: Puerto Rico Exposure & Ratings Summary (as of June 30, 2014)

    PUERTO RICO EXPOSURE & RATINGS SUMMARY (AS OF JUNE 30, 2014) Ambac Puerto Rico Exposure ($ in millions) as of June 30, 2014: 2 2,3 Gross Principal Net Principal Credit Gross Par Net Par 3,4 Maturity Rating Single Risk & Interest & Interest Class General Fund Debt: 1 PR Commonwealth GO 1 59.0 59.0 79

  4. Slide 4: Schedule of Net Debt Service on Insured Debt

    SCHEDULE OF NET DEBT SERVICE1 ON INSURED DEBT (AS OF JUNE 30, 2014) $200 $180 $160 $140 ($ in millions) $120 Rum Tax $100 Hotel Occupancy Tax Highway $80 General Obligation $60 $40 $20 $0 2014 2 2015 2016 2017 2018 2019 2020 2021 2022 2023 Year of Payment 1 Net of reinsurance 2 On July 1, 2014 Net P

  5. Slide 5: Net Principal and Interest Amortization

    PUERTO RICO NET PRINCIPAL AND INTEREST1 AMORTIZATION Net Principal and Interest Amortization of Ambac Insured Puerto Rico Exposures by Calendar Year ($ in millions) Calendar Year Commonwealth GO Public Bldg - GO Guaranteed Senior Highway (1968) Senior Transportation (1998) Rum Tax Hotel Occupancy Ta

  6. Slide 6: Forward Looking Statement

    FORWARD LOOKING STATEMENT In this presentation, we have included statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “estimate,” “project,” “plan,” “believe,” “anticipate,”

Ambac Financial Group — Corporate Update (July 2014) on 6ix