IRANNOTICE

LOGO

February 29, 2016

VIA EDGAR

U.S. Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

Re: Notice of Disclosure Filed in Exchange Act Annual Report under Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Exchange Act

Ladies and Gentlemen:

Pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934, as amended, notice is hereby provided that MBIA Inc. has made disclosure pursuant to such provisions in its Annual Report on Form 10-K for the fiscal year ended December 31, 2015, which was filed with the U.S. Securities and Exchange Commission on February 29, 2016. This disclosure can be found in Part II, Item 9B of the Annual Report on Form 10-K.

Very truly yours,

MBIA Inc.

By: /s/ Ram D. Wertheim                        

Ram D. Wertheim

Chief Legal Officer

MBIA Inc.    •    1 Manhattanville Road, Suite 301    •    Purchase, NY 10577    •    +1 914 273 4545

www.mbia.com