NYSE to Delist Syncora Holdings (SCA) Shares on December 17, 2008

December 12, 2008 5:13 PM EST

Syncora Holdings Ltd. (NYSE: SCA) announced that the NYSE will suspend trading of Syncora's common stock effective December 17, 2008. Syncora does not intend to appeal the NYSE's decision at this time and, consequently, it is expected that the common stock will be delisted following the NYSE's application to the Securities and Exchange Commission.

The Company expects that its common stock will be quoted on the Financial Industry Regulatory Authority's over-the-counter bulletin board (the "OTCBB") and on the Pink Sheets Inc.'s Pink Quote System (the "Pink Sheets"). A new ticker symbol will be assigned on the day trading is suspended from the NYSE.

Syncora Holdings Ltd., formerly Security Capital Assurance Limited, is a holding company whose operating subsidiaries provide financial guarantee insurance, reinsurance, and other credit enhancement products to the public finance and structured finance markets throughout the United States and internationally.[SM]

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