Funding Agreement-Backed Note Program

1 Preservation of Capital and Ratings Consistently Top-Tier Financial Strength Ratings Current Outlook Agency A.M. Best Guardian Financial Strength A++ (Superior - highest of 15 ratings) Upgraded in November 2008 from A+ Stable Fitch AA+ (Very Strong - 2nd highest of 21 ratings) Upgraded in October 2007 from AA Stable Moody's Aa2 (Excellent - 3rd highest of 21 ratings) Since 2003 Stable S&P AA+ (Very Strong - 2nd highest of 22 ratings) Upgraded in July 2008 from AA Stable Guardian's ratings profile has been strong across all rating agencies over the last 10+ years 8 Guardian 19

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