RAM CFO Leaves Post

Bermuda-based RAM Holdings Ltd. announced that Chief Financial Officer, Rick Lutenski has decided to resign to pursue another employment opportunity, effective September 29, 2007.

President and CEO Vernon Endo commented: “We are sorry to see Rick leave and certainly wish him the best in his new position. During more than three years with RAM he contributed significantly to its transformation to a publicly held company with an increasingly significant presence in the financial guaranty reinsurance market. We are especially pleased that he built a solid finance organization, staffed with a talented team, which will be able to effectively manage our financial operations until we recruit a new CFO.”

RAM Holdings Ltd. is a Bermuda-based holding company. Its operating subsidiary RAM Reinsurance Company Ltd. provides financial guaranty reinsurance for U.S. and international public finance and structured finance transactions.

Source: RAM Holdings