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Stock Trading History of Mbia Insurance Corp

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Mbia Insurance Corp since year 2005. The trader's CIK number is 1360541. At the time of this reporting, Mbia Insurance Corp is the 10% Owner of Ram Holdings Ltd. (stock ticker symbol RAMR).

Stock purchases, sales, and option exercises reported by *Mbia Insurance Corp* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2006-05-02	RAMR	Ram Holdings Ltd.	Sale	2,960,295	13.00	38,483,835

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Mbia Insurance Corp (10% Owner of Ram Holdings Ltd. at the time of this reporting) see the Securities and Exchange Commission (SEC) website.