Primus Guaranty, Ltd. Conference Call to Discuss 4th Quarter and Full

    Business Editors

    HAMILTON, Bermuda--(BUSINESS WIRE)--Jan. 19, 2005--Primus Guaranty, Ltd. (NYSE: PRS) announced that it will host a conference call for investors on Wednesday, February 9, 2005 at 11 a.m. Eastern Standard Time to discuss its 4th quarter and full year 2004 earnings, which are scheduled for release between 7 a.m. and 9 a.m. Eastern Standard Time Wednesday, February 9, 2005. A copy of the earnings press release and financial supplement will be available in the Investor section of the company's website, located at www.primusguaranty.com.
    The conference call will be available via live or archived webcast at http://ir.primusguaranty.com/ by dialing 800-299-0433 (domestic) and 617-801-9712 (international), Passcode 70470196.
    A replay of the call will be available from Wednesday, February 9, 2005 at 1 p.m. Eastern Standard Time until Wednesday, March 2, 2005 at 5 p.m. Eastern Standard Time. To listen to the replay, dial 888-286-8010 (domestic) or 617-801-6888 (international), Passcode 20349019.

    About Primus Guaranty, Ltd.

    Primus Guaranty, Ltd., through its principal operating subsidiary, Primus Financial Products, LLC, offers protection against the risk of default on investment grade credit obligations. Primus Financial assumes these risks through the sale of credit default swaps to dealers, banks and portfolio managers. As a swap counterparty, Primus Financial is rated Aaa by Moody's Investor Service, Inc. and AAA by Standard & Poor's Rating Services. Another subsidiary of Primus Guaranty, Primus Asset Management, Inc., manages the credit swap portfolio of Primus Financial, and offers credit default swap portfolio management services to third parties.

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CONTACT: Media: Kennedy & Company Susan Hartzell, 914-961-2436 ext. 15 susan@kennedycom.com or Investor Relations: Primus Guaranty, Ltd. Christopher N. Gerosa, 212-697-1992 cgerosa@primusguaranty.com

KEYWORD: INTERNATIONAL LATIN AMERICA INDUSTRY KEYWORD: INSURANCE BANKING EARNINGS CONFERENCE CALLS SOURCE: Primus Guaranty, Ltd.

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