MBIA Posts Exposure to Credits Affected by Terrorist Attacks On Its Web Site.

Business Editors

ARMONK, N.Y.--(BUSINESS WIRE)--Sept. 19, 2001

MBIA Inc. (NYSE: MBI) announces today that, in response to investor inquiries, it is posting on its web site credits related to its New York City exposure, domestic airport exposure and domestic enhanced equipment trust

MBIA is closely monitoring and evaluating these exposures and believes it will not incur any material losses as a result of the recent terrorist attacks.

For a copy of the list of credits, please go to MBIA's web site at http://www.mbia.com, or contact Judy Radasch at 914-765-3860.

MBIA Inc., through its subsidiaries, is the world's preeminent financial guarantor and a leading provider of specialized financial services. MBIA provides innovative and cost-effective products and services that meet the credit enhancement, financial and investment needs of its public and private sector clients, domestically and internationally. MBIA Inc.'s principal operating subsidiary, MBIA Insurance Corporation, has a financial strength rating of Triple-A from Moody's Investors Service, Standard & Poor's Ratings Services, Fitch and Rating and Investment Information, Inc.