Primus Guaranty, Ltd. Schedules 4th Quarter 2008 Earnings Conference Call

Primus Guaranty, Ltd. (NYSE:PRS) announced that it will host a conference call for investors on Wednesday, February 4, 2009 at 11 a.m. Eastern Time to discuss its 4^th quarter 2008 earnings and provide an update on the company’s strategy. Its earnings are scheduled for release between 7 a.m. and 9 a.m. Eastern Time on Wednesday, February 4, 2009.

A copy of earnings press release and financial supplement will be available in the Investor Relations section of the company’s Web site, located at www.primusguaranty.com. The company also plans to post a presentation summarizing the strategic update on the company’s Web site. The conference call will be available via live or archived webcast at http://ir.primusguaranty.com/ or by dialing 866.261.4417 (domestic)/617.597.5529 (international), Passcode 15834824.

A replay of the call will be available from Wednesday, February 4, 2009 at 1 p.m. Eastern Time until Wednesday, February 25, 2009 at 5 p.m. Eastern Time. To listen to the replay, dial 888.286.8010 (domestic) or 617.801.6888 (international), Passcode 77773773.

About Primus Guaranty

Primus Guaranty, Ltd. is a Bermuda company, with its principal operating subsidiaries, Primus Financial Products, LLC and Primus Asset Management, Inc. Primus Financial Products provides protection against the risk of default on corporate, sovereign and asset-backed security obligations through the sale of credit swaps to dealers and banks. Primus Asset Management provides credit portfolio management services to Primus Financial Products, and manages private investment vehicles, including two collateralized loan obligations and three synthetic collateralized swap obligations for third parties.