News

12/15/2009

Radian Increases Price on Tender Offers for Two Series of Money Market Committed Preferred Securities and Extends Expiration Time for All Three Offers

PHILADELPHIA, Dec 15, 2009 (BUSINESS WIRE) -- Radian Group Inc. (NYSE: RDN) today announced that Radian will pay $35,000 for each security (of $100,000 face amount) of Market Street Custodial Trust II and Market Street Custodial Trust III validly tendered at or before the new expiration time, including those previously tendered. There is no change to the consideration to be paid for tendered securities of Market Street Custodial Trust I.

In addition, Radian has extended the expiration time of all three tender offers to 5:00 p.m., Eastern Time, on December 30, 2009.

As of 5:00 p.m., Eastern Time, on December 15, 2009, approximately 45%, 18% and 48% of the outstanding securities of Market Street Custodial Trust I, Market Street Custodial Trust II, and Market Street Custodial Trust III, respectively, have been tendered.

Goldman, Sachs & Co. is acting as dealer-manager for the tender offers and consent solicitations and can be contacted at (800) 828-3182 (toll-free) or, for banks and brokers, (212) 902-5183. The information agent for the offers and consent solicitations is Global Bondholder Services Corporation. Requests for copies of the Purchase Offer Memorandum and Consent Solicitation Statement and related documents may be directed to Global Bondholder Services Corporation at (866) 857-2200 (toll- free) or, for banks and brokers, (212) 430-3774.

This announcement is not an offer to purchase or sell, a solicitation of an offer to purchase or sell, or a solicitation of consents with respect to any securities. The solicitation is being made solely pursuant to Radian's Purchase Offer Memorandum and Consent Solicitation Statements dated November 17, 2009, as supplemented by the Supplements to the Purchase Offer Memorandum and Consent Solicitation Statements, and the related Consents and Letters of Transmittal. The offers are subject to certain conditions and present certain risks for holders who tender their securities and provide their consent, as set forth more fully in the relevant Purchase Offer Memorandum and Consent Solicitation Statement, and the related Supplement, for each tender offer. Radian reserves the right to amend, extend or terminate any or all of the tender offers.

About Radian

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance and related risk mitigation products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. These services help promote and preserve homeownership opportunities for homebuyers, while protecting lenders from default-related losses on residential first mortgages and facilitating the sale of low-downpayment mortgages in the secondary market. Additional information may be found at www.radian.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements related to Radian's plans to complete tender offers and Radian's possible actions with respect to the tender offers. Statements that are not historical facts are based on Radian's current expectations, beliefs, assumptions, estimates, forecasts and projections. The statements contained in this release are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed in such forward-looking statements. The tender offers described above may not be completed, and Radian may not purchase any or all securities sought in the tender offers. Radian may amend, extend or terminate any or all of the tender offers. Reference should be made to Radian's Annual Report on Form 10-K for the year ended December 31, 2008 and other filings made with the Securities and Exchange Commission. Radian cautions investors not to place undue reliance on the forward-looking statements contained in this release. These statements speak only as of the date of this release, and Radian undertakes no obligations to update or revise these statements, except as may be required by law.

SOURCE: Radian Group Inc.

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.com