Primus Guaranty, Ltd. Announces Intent to Voluntarily De-List and De-Register Its Common Shares and Senior Notes

Primus Guaranty, Ltd. (NYSE: PRS) today announced that its Board of Directors has approved the voluntary de-listing of its common shares (NYSE: PRS), its Preferred Share Purchase Rights and its 7% senior notes due 2036 (NYSE: PRD) from the New York Stock Exchange and the voluntary de-registration of its Shares, Rights and Notes under the U.S. Securities Exchange Act of 1934, as amended. The Company expects to file its Annual Report on Form 10-K for the year ending December 31, 2011 in the first quarter of 2012 and thereafter cease filing reports with the U.S. Securities and Exchange Commission. The Company's Board of Directors authorized the de-listing and de-registration of the Company's Shares, Rights and Notes after concluding that the consequences of remaining an SEC-reporting company, including the costs associated with regulatory compliance, outweighed the current benefits of public company status to the Company and its securityholders.