PMI Australia Names Odland Director

June 3, 2005

The Calif.-based PMI Group Inc. has announced the appointment of Lynn Odland as an independent director to the PMI Australia Group Boards. The PMI Australia Boards include PMI Holdings (Aust) Pty Ltd., PMI Mortgage Insurance Ltd. and PMI Indemnity Limited.

“Lynn brings with him a breadth of knowledge and experience of the Australian market, that will be invaluable to the board and management of PMI,” stated Brad Shuster, chairman of the PMI Australia Group Boards.

Odland, who recently retired as the chairman and CEO of Deloitte Touche Tohmatsu in Australia, has served on the Boards of several Australian organizations including the Business Council of Australia.

“Lynn’s established strong network of relationships within government and the business community will assist us with the ongoing development of our key business strategies,” noted Ian Graham, managing director of PMI Australia.

Prior to taking up the CEO position at Deloitte in Australia, Odland was the regional managing partner of Deloitte & Touche LLP in the U.S., where he was responsible for client relationships and operations in the western part of the U.S. He has also served on the Boards of many universities and business schools in the U.S. and Australia.

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