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Primus Guaranty Elects James MacNaughton to Board of Directors

July 31, 2008

Primus Guaranty, Ltd. (NYSE:PRS) today announced the election of James MacNaughton to its board of directors.  Mr. MacNaughton was elected as a Class 1 director with a term expiring in 2010 and will serve on the board’s Audit and Finance and Investment Committees.  His election fills a vacancy and brings the size of the board to 10 directors.

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