Guaranteed debt to finance the construction and refurbishment of the A-127 road in Aragon, Spain

Assured Guaranty (Europe) SA (AGE)*, an indirect subsidiary of Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty), announced that it has guaranteed principal and interest payments on a €96 million loan to Sociedad Concesionaria 5 Villas, S.A., (“SC5”) an entity owned by Acciona Concesiones, S.L. and Papsa Infraestructuras S.A.

The 23-year, fixed-rate loan guaranteed by AGE bearing a 3.65% coupon was provided by Bankinter, S.A., Kutxabank S.A., and Unicaja Banco S.A. Bondholders S.L. will act as security agent and financial guarantee trustee.

The proceeds will be used to finance the construction of sections of the A-127 roadway. The project includes the expansion of a 24-kilometer roadway between the municipalities of Tauste and Ejea de los Caballeros, as well as the full renovation of a 14-kilometer stretch between Tauste and Gallur.

Raphael de Tapol, Directeur Général of AGE, commented:

“This PPP transaction shows the value of our guarantee to major infrastructure sponsors seeking to issue cost-effective long-term debt for essential public sector infrastructure projects. The Aragon A-127 road project, which is part of the Aragon Regional Road Network Investment Plan, stimulates the local economy and provides the region with tangible societal benefits, improved connectivity and enhanced safety. We are proud to guarantee this financing for a project that reflects the best of public-private cooperation in the Spanish market.”

Raul Serrano, Managing Director, Infrastructure Finance of AGE, commented:

“The successful close of this project marks a significant milestone, not only for AGE, but also for the broader banking and investment sector in Spain. It demonstrates the value of our financial guarantee for lenders. We are especially pleased to have worked alongside these three banks and look forward to opportunities to work together in the future.”

Domiciled in Paris, AGE is Assured Guaranty’s financial guarantee business in continental Europe. AGE is rated AA by S&P Global Ratings and AA+ by Kroll Bond Rating Agency.

AGE’s legal adviser on the transaction was Linklaters LLP in London and Madrid.

Kenta Capital acted as financial adviser to SC5.

Bankinter, S.A. acted as lead arranger in the transaction.

IMPORTANT NOTICE

All of the securities have been sold, and this announcement is for information purposes only. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended ("Securities Act"), or with any securities regulatory authority of any state or jurisdiction of the United States, and may not be offered, sold or transferred, directly or indirectly, in the United States absent registration under the Securities Act or an available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the securities laws of any state or other jurisdiction of the United States.

*AGE is an insurance company registered in the Paris Trade and Companies Register (company number 852 597 384), authorised and regulated by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), and governed by the French Insurance Code.

AGE is a subsidiary of Assured Guaranty Ltd. (AGL and, together with its subsidiaries, Assured Guaranty). Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and non-U.S. public finance, infrastructure and structured finance markets. Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP and certain of its investment management affiliates. AGL is a publicly traded (NYSE: AGO), Bermuda-based holding company. More information on AGL and its subsidiaries can be found at: AssuredGuaranty.com

Cautionary Statement Regarding Forward-Looking Statements:

Any forward-looking statements made in this press release reflect AGL’s current views with respect to future events and are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. These risks and uncertainties include, but are not limited to, difficulties executing Assured Guaranty’s business strategy; the demand for Assured Guaranty’s financial guarantees; adverse developments in Assured Guaranty’s guaranteed portfolio; actions that the rating agencies may take at any time with respect to any of AGL’s insurance subsidiaries’ financial strength ratings, and/or of any securities AGL or any of its subsidiaries have issued and/or of transactions that AGL’s insurance subsidiaries have insured; other risks and uncertainties that have not been identified at this time; management’s response to these factors; and other risk factors identified in AGL’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which are made as of May 27, 2025. Assured Guaranty undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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