Syncora Holdings announced the appointment of  Duncan Hennes, Edward Muhl, Thomas Norsworthy, and Robert White to its board of directors in connection with the transfer on Nov. 18 of 30,069,049 Syncora shares, previously owned by XL Capital , to a Trust pursuant to the Master Commutation Release and Restructuring Agreement, dated July 28, 2008. 

The shares are being held in the trust for the benefit of Syncora Guarantee until such time as an agreement between Syncora Guarantee and a consortium of Syncora Guarantee's credit default swap and financial guarantee counterparties  is reached and thereafter the shares will be held for the benefit of the Financial counterparties, or as otherwise provided in the Deed of Trust.

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