First Marblehead regains compliance with NYSE listing standards

May 2, 2013

The First Marblehead confirmed that it has regained compliance with NYSE continued listing standards. On November 7, 2012, the company received notification from NYSE Regulation that it was not in compliance with one of the continued listing standards of the NYSE. The applicable listing standard requires an average closing price of not less than $1.00 per share over a consecutive 30 trading-day period. The company received confirmation on May 2 that it had cured the deficiency by having a closing price greater than $1.00 per share on the last trading day of April while maintaining an average share price greater than $1.00 over the 30 trading days preceding the end of that month.