First Marblehead Corporation to Release Fiscal 2005 Second Quarter Fin

    Business Editors

    BOSTON--(BUSINESS WIRE)--Jan. 21, 2005--The First Marblehead Corporation (NYSE: FMD), a market leader in the processing and securitization of private, non-governmental, education lending, today announced that it will release its fiscal second quarter financial results on Monday, January 31, 2005.
    In conjunction with the release of financial results, the company will host a conference call that day at 10 a.m. EST, which will be simultaneously broadcast live over the Internet. Daniel Meyers, Chairman and Chief Executive Officer, and Donald Peck, Executive Vice President and Chief Financial Officer, will host the call. To access the webcast, please log on to: www.firstmarblehead.com.
    A replay will be available on First Marblehead's website for 14 days. A telephone replay will also be available for 14 days by dialing (888) 286-8010 from the U.S., or (617) 801-6888 for international callers, and entering the pass code 81755118.

    About First Marblehead Corporation

    First Marblehead provides outsourcing services for private, non-governmental, education lending in the United States. The Company helps meet the growing demand for private education loans by providing national and regional financial institutions and educational institutions, as well as businesses and other enterprises, with an integrated suite of design, implementation and securitization services for student loan programs tailored to meet the needs of their respective customers, students, employees and members.

    This is a "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including statements related to our outlook for the industry and for our performance for fiscal year 2005 and beyond, are based upon the Company's historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. These forward-looking statements represent First Marblehead's expectations as of January 21, 2005. Subsequent events may cause our expectations to change, and we disclaim any obligation to update the forward-looking statements in the future. You are cautioned that matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, regulatory and competitive and other factors that may cause First Marblehead's performance or achievements to be materially different than those expressed or implied by forward-looking statements. Important factors that could cause First Marblehead's actual results to differ from its expectations include the factors set forth under the caption "Factors That May Affect Future Results" in First Marblehead's annual report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2004. These risks could cause actual results of the industry or our actual results for fiscal year 2005 and beyond to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company.

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CONTACT: The First Marblehead Corporation Donald R. Peck, 617-638-2000 or Porter, LeVay & Rose, Inc. Cheryl Schneider, VP - Investor Relations Jeff Myhre, VP - Editorial 212-564-4700 Tom Gibson, VP - Media Relations 201-476-0322

KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: EDUCATION BANKING EARNINGS CONFERENCE CALLS SOURCE: The First Marblehead Corporation

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