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MBIA ADOPTS SHAREHOLDERS' RIGHTS PLAN

 MBIA ADOPTS SHAREHOLDERS' RIGHTS PLAN
 ARMONK, N.Y., Dec. 13 /PRNewswire/ -- MBIA Inc. (NYSE: MBI)


announced today that its board of directors has adopted a shareholders' rights plan designed to help achieve a fair price for all shareholders in the event of an unsolicited attempt to acquire the company. The plan is intended to encourage any bidder to negotiate with the company's board of directors regarding the terms of any attempted acquisition. The rights plan is not being issued is response to any known effort to acquire MBIA Inc.
 William O. Bailey, chairman and chief executive officer of MBIA Inc., said, "The adoption of a shareholders' rights plan enhances the board's ability to maximize long-term value for all shareholders. It also demonstrates MBIA board's commitment to maintaining the stable ownership and financial strength which are fundamental to honoring the company's long-term obligations to MBIA-insured bondholders."
 MBIA, Inc., through its wholly owned subsidiary, MBIA Corporation, is a leading insurer of municipal bonds, including new issues and bonds traded in the second market. MBIA has a claims-paying rating of Triple-A by Moody's Investors Service, Inc. and Standard & Poor's Corporation and municipal bonds insured by MBIA receive these ratings.
 -0- 12/13/91
 /CONTACT: Michael C. Ballinger of MBIA, 914-765-3893/
 (MBI) CO: MBIA, Inc. ST: New York IN: FIN SU: SRP


SH-OS -- NY010 -- 2272 12/13/91 09:34 EST
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Publication:PR Newswire
Date:Dec 13, 1991
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