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The PMI Group receives LRN award for excellence in ethics and compliance training

WALNUT CREEK and LOS ANGELES, CA—March 24, 2005—The PMI Group, Inc. (NYSE: PMI) received an award today recognizing its achievement of exemplary compliance in business ethics and legal awareness training from LRN. The award was presented to PMI today at PMI's quarterly all-employment meeting.

"We've made a significant investment to provide world-class education to help our employees understand their personal responsibilities and apprise them of the legal and ethical issues they need to know," said Anthony D. Shore, compliance officer PMI. "This award is a testament to the commitment of our employees and the support for our compliance programs from the PMI management team." PMI licenses its online training system from LRN, which provides the Legal Compliance and Ethics Center™ (LCEC®), and administrates the program internally through its own PMI University .

"We congratulate PMI on this achievement in sustaining a unified corporate culture committed to the highest standards of conduct," commented Dov Seidman, Chairman and CEO of LRN. "Achieving near universal participation in a comprehensive legal, ethics and compliance education program represents a significant milestone in the company's efforts to instill a common understanding of the standards and shared values PMI is committed to upholding."

LRN offers over 200 separate online courses covering more than 3,600 subjects in more than twenty languages. PMI offers 24 courses to its employees—including its board of directors—and has added a custom code of conduct course, among others. PMI has been educating its employees using LRN's LCEC since 2001.

About PMI
The PMI Group, Inc., headquartered in Walnut Creek, CA, is an international provider of credit enhancement products that promote homeownership and facilitate mortgage transactions in the capital markets. Through its wholly owned subsidiaries and unconsolidated strategic investments, the company offers residential mortgage insurance and credit enhancement products domestically and internationally, financial guaranty insurance and financial guaranty reinsurance.

 

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Encouraging professional business ethics starts at the top with an organization's code of conduct, a set of guidelines that describe the proper practices for an organization. In most cases, an organization's code of conduct states principles that govern the organization's interactions with employees, customers, business partners, government, and outlines global business ethics.

LRN helps organizations build their code of ethics and to infuse it at every level of the company through diversity education, ethics courses and sexual harassment training. LRN's ethics and compliance training programs promote a principled working environment that increases productivity company-wide. Additionally, our ethics training solutions reduce your compliance risk through the power of education and communication.

LRN has inspired ethical leadership in business since 1993. Our expertise in the areas of corporate ethics training, workplace diversity training, and harassment training have helped companies worldwide create a respectful corporate culture.