Affiliates

Primus Financial is the principal operating subsidiary of Primus Guaranty, Ltd.

Primus Guaranty is also the parent company of two other operating companies. Primus Asset Management, Inc. is a Delaware-based provider of operating services to the Primus Guaranty group, and the company manages the Primus Financial Products credit swap portfolio. Primus Asset Management contracts with all outside service providers and vendors on behalf of the Primus group. Primus Re, Ltd. is a Class-3 insurance company licensed in Bermuda. Primus Re's business strategy is to provide credit risk management solutions to both the insurance and swap markets. It is regulated by the Bermuda Monetary Authority.

Primus Financial is bankruptcy remote from its affiliated companies, and its obligations are not guaranteed by Primus Guaranty, Ltd. or any of its affiliated companies.