First American Financial announces appointment of Dale F. Frey to board of directors


March 27, 1997, SANTA ANA, CALIFORNIA

The First American Financial Corporation (NYSE: FAF) announces the appointment of Dale F. Frey to its board of directors and to the board of its principal subsidiary, First American Title Insurance Company.

"Mr. Frey brings with him extensive financial experience, and we are looking forward to his assistance as a member of our board," said D. P. Kennedy, chairman of the board of both The First American Financial Corporation and the title insurance company.

Frey holds a bachelor's degree from Franklin and Marshall College and a master's in business administration from New York University. After serving in the U.S. Air Force, he was hired by General Electric, serving in various managerial positions until being appointed staff executiveBinternational finance operation in 1975. From 1980 to 1984 he held the position of vice president and treasurer of General Electric and was reappointed to this position from 1986 until 1994. In addition, he served as chairman of the board and president of the General Electric Investment Corporation in Connecticut from 1984 until his retirement in early 1997.

Frey is currently a member of the board of directors of RhoneBPoulenc Rorer; USF&G Corporation; Praxair, Inc.; Doubletree Hotels Corporation; The Beacon Companies; The Cancer Research Fund of the Damon RunyonBWalter Winchell Foundation; and serves as a trustee of Franklin and Marshall College. In addition, Frey is a member of both the Forstmann Little and Company Advisory Committee and the Financial Executives Institute.

The First American Financial Corporation, based in Santa Ana, California, is the nation's leading provider of real estate-related financial and informational services. The corporation's subsidiaries include First American Title Insurance Company, a national and international title insurer; First American Real Estate Information Services, Inc., which offers tax monitoring, credit reporting, flood certification, mortgage loan servicing systems and property information services nationally; First American Home Buyers Protection Corporation, a home warranty company; and First American Capital Management, an investment firm. The corporation also operates First American Trust Company and First Security Thrift Company in Southern California. First American Financial has more than 10,000 employees in over 400 branch offices in the United States and abroad. Information about the company's subsidiaries and an archive of its press releases can be found at http://www.firstam.com on the Internet.

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