On April 27 2009 Primus Financial purchased $22

On April 27, 2009, Primus Financial purchased $22.7 million principal amount ofits $125 million subordinated deferrable interest notes due 2021 in a privatelynegotiated transaction. Primus Financial purchased such notes for $5.7 millionin cash. The transaction is expected to result in a net realized gain onretirement of long-tem debt of approximately $16.7 million in the second quarterof 2009. Earnings Conference CallPrimus Guaranty will host a conference call on Wednesday, May 6, 2009, at 11a.m., Eastern Time, to discuss its first quarter 2009 financial results. A copythis press release and financial supplement will be available in the InvestorRelations section of the Company`s Web site, located at The conference call will be available via live or archived webcast at or by dialing 866.314.9013 (domestic)/617.213.8053(international), Passcode 93726480. A replay of the call will be available from Wednesday, May 6, 2009, at 1 p.m.,Eastern Time, until Wednesday, May 27, 2009, at 5 p.m., Eastern Time.

To listento the replay, dial 888.286.8010 (domestic) or617.801.6888 (international),Passcode 51004472. Supplemental financial information, including additional credit swap portfolioand historical data, will be available on the Company`s Web site under "Investor Relations-Webcasts" About Primus GuarantyPrimus Guaranty, Ltd. is a Bermuda company, with two principal operatingsubsidiaries, Primus Financial Products, LLC and Primus Asset Management, Inc.Primus Financial Products provides protection against the risk of default oncorporate, sovereign and asset-backed security obligations through the sale ofcredit swaps to dealers and banks. Primus Asset Management provides creditportfolio management services to Primus Financial Products, and manages privateinvestment vehicles, including two CLOs and three CSOs for third parties. Safe Harbor StatementSome of the statements included in this press release and other statementsPrimus Guaranty may make, particularly those anticipating future financialperformance, business prospects, growth and operating strategies, marketperformance, valuations and similar matters, are forward-looking statements thatinvolve a number of assumptions, risks and uncertainties, which change overtime.For those statements, Primus Guaranty claims the protection of the safeharbor for forward-looking statements contained in the U.S. Private SecuritiesLitigation Reform Act of 1995.Any such statements speak only as of the date theyare made, and Primus Guaranty assumes no duty to, and does not undertake to,update any forward-looking statements. Actual results could differ materiallyfrom those anticipated in forward-looking statements, and future results coulddiffer materially from historical performance.For a discussion of the factorsthat could affect the Company's actual results please refer to the risk factorsidentified from time to time in the Company's SEC reports, including, but notlimited to, Primus Guaranty's Annual Report on Form 10-K, as filed with the U.S.Securities and Exchange Commission Primus Guaranty, Ltd.

Regulation G and Other DisclosureEconomic Results March 31, 2009 (Unaudited)In managing its business and assessing its growth and profitability from a strategic and financial planning perspective,the Company believes it is appropriate to consider both its U.S. GAAP financial results as well as the impact on thoseresults of fair value accounting and the early termination of credit default swaps ("CDS" or "credit swaps"). Therefore,the Company evaluates what its Economic Results would have been if it excluded from revenue the amounts of anyunrealized gains and losses on Primus Financial Products, LLC ("Primus Financial")`s portfolio of credit swaps sold, anyrealized gains from terminations of credit swaps sold prior to maturity (although Primus Financial amortizes those gainsover the remaining original lives of the terminated contracts, except for credit swaps undertaken to offset credit risk)and includes provisions for credit events caused by downgrades below CCC/Caa2 (S&P/Moody's) on CDS on asset-backedsecurities ("ABS"). Copyright Business Wire 2009.

MOGADISHU (Reuters) - Somali pirates said on Wednesday they had freed a UAE-owned cargo ship captured at the weekend en route to Mogadishu with goods for local businessmen. Synology Releases Case Study and White Paper: Small Business Data StorageSolutions, Which Direction Should Your Creative Company Take?REDMOND, Wash., May 6 /PRNewswire/ -- Today, Synology(R), a global provider ofnetwork attached storage devices, released an interactive agency case studyand a technical white paper demonstrating how small businesses, particularlyin the creative industries, are saving time, money and resources with analternative solution to PC servers.Imulus, an interactive agency out of Colorado demonstrates how a smallcompany, heavily dependent on digital files and server availability, chose toreplace their PC server with a Synology Disk Station, delivering them costsavings and peace of mind. "I just can't believe Synology can pack so muchgoodness into these units without compromising usability and price ... butsomehow you've pulled it off," says George Morris, co-founder of Imulus. In the newly released white paper, "Small Business Data Storage Solutions,Which Direction Should Your Creative Company Take?," Synology delves into theavailable alternatives for small businesses as they explore backup solutionsand the needs of small business.

The new multimedia industry white paper and case study offer small businessesinsight into their choices for data storage delivering cost-effective andeasy-to-manage solutions.Small businesses everywhere are faced with theoverwhelming task of managing and backing up their digital files. Companiesthat have never had IT departments or stored files electronically are nowfinding themselves faced with industry standards and regulations that requirethem to maintain digital file archives. For small companies, choosing a systemto manage, maintain and back up their digital assets can be an easier taskwhen armed with the right information.The newly released white paper and case study are available on Synology'swebsite: http:// Studies: http:// White Paper: http:// SynologyFounded in April of 2000, Synology Inc. develops next-generation NetworkAttached Storage (NAS) products for the home, small and medium-sized businessmarkets.