SCA Stellus Capital Investment Corporation

HAMILTON, Bermuda, March 10 /PRNewswire-FirstCall/ -- Security Capital Assurance Ltd (NYSE:SCA) ("SCA" or the "Company") today announced the Company will release its 2007 fourth quarter and full-year results after the close of regular stock market hours on Thursday, March 13, 2008. Paul S. Giordano, president and chief executive officer, David P. Shea, executive vice president and chief financial officer, and Edward B. Hubbard, executive vice president and president of SCA's subsidiary XL Capital Assurance Inc., will host an earnings conference call to discuss SCA's fourth quarter and full-year 2007 results on Friday, March 14, 2008 at 8:30 am Eastern Time. The conference call will include prepared remarks by the SCA management team and a listen-only question and answer format. The Company will accept questions in advance of the conference call via email at the following email address: . Conference call participants also will be able to submit questions during the course of the conference call via the same email address. To access the conference call, please dial +1 888-694-4702 (U.S.) or +1 973-582-2741 (International). Please ask to be connected to "SCA's Q4 2007 Earnings Call" and provide the following passcode: 31103493. SCA will also broadcast a live audio webcast of the conference call. The webcast will be available by visiting the "Investor Relations" section of the Company's website located at http://www.scafg.com/. Following the earnings conference call, an archive of the call will be available for 30 days by dialing +1 800- 642-1687 (U.S.) or +1 706-645-9291 (International). The passcode for replay participants is: 31103493. The audio webcast of the conference call will also be archived for 30 days following the call in the "Investor Relations" section of the Company's website located at http://www.scafg.com/. About Security Capital Assurance Ltd Security Capital Assurance Ltd is a holding company domiciled in Bermuda whose common shares are listed on the New York Stock Exchange (NYSE:SCA). For more information please visit http://www.scafg.com/. FORWARD-LOOKING STATEMENTS This release contains statements about future results, plans and events that may constitute "forward-looking" statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that these statements are not guarantees of future results, plans or events and such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control. These factors include, but are not limited to: the outcome of the rating assessments for SCA and its subsidiaries and for all bond insurers, generally, that are on going by Fitch Ratings ("Fitch"),Moody's Investor Services ("Moody's) and Standard & Poor's ("S&P"), the outcome of the Company's discussions with Fitch, Moody's and S&P, and the company's ability to successfully address any other capital requirements within the required timeframes; the impact of the ratings actions on SCA operating subsidiaries announced on February 25, 2008 by S&P, February 7, 2008 by Moody's, and January 23, 2008 by Fitch; the impact of any adverse changes that may be made to the financial strength or financial enhancement ratings of any or all of the Company's operating subsidiaries; higher risk of loss in connection with obligations guaranteed by the Company due to recent deterioration in the credit markets stemming from the poor performance of subprime residential mortgage loans; developments in the world's financial and capital markets that adversely affect the performance of the Company's investments and its access to such markets; ineffectiveness of Company's business strategy, due to changes in current or future market conditions or other factors; the performance of invested assets, losses on credit derivatives or changes in the fair value of credit default swaps; the availability of capital and liquidity; the timing of claims payments and the receipt of reinsurance recoverables; increased competition; greater frequency or severity of claims and loss activity; changes in Company reinsurance agreements with certain of its subsidiaries; changes in regulation, tax laws, legislation or accounting policies or practices; changes in officers; general economic conditions; changes in the availability, cost or quality of reinsurance or retrocessions; changes that may occur in Company operations and ownership as the Company matures; other additional factors, risks or uncertainties described in Company filings with the Securities and Exchange Commission, including in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, and also disclosed from time to time in subsequent reports on Form 10-Q and Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements are made. Contact: Investors Frank Constantinople +1 441-279-7450 Media Michael Gormley +1 441-279-7450 Michele Loguidice/Cindy Leggett-Flynn +1 212-333-3810 or DATASOURCE: Security Capital Assurance Ltd CONTACT: Investors, Frank Constantinople, +1-441-279-7450, ; Media, Michael Gormley, +1-441-279-7450, ; Michele Loguidice, , Cindy Leggett-Flynn, , both of The Brunswick Group, +1-212-333-3810 Web site: http://www.scafg.com/

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