RAM Holdings Ltd. (BSX:RAMR) (Pink Sheets:RAMR) today announced that Victoria W. Guest has resigned as General Counsel of RAM, effective June 14, 2009, to pursue another employment opportunity.

For future investor relations questions, please contact RAM’s Chief Financial Officer, Mr. Edward U. Gilpin, whose contact information is below.

About RAM

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. More information can be found at www.ramre.com.

RAM Holdings Ltd., Hamilton
Edward U. Gilpin, 441-298-2107
tgilpin@ramre.bm