First American Financial increases dividend


August 29, 1997, SANTA ANA, CALIFORNIA

At its August meeting, the board of directors of The First American Financial Corporation (NYSE: FAF) declared a quarterly dividend of 20 cents per Common share, an increase of 11 percent from the prior level of 18 cents. The dividend is payable October 15, 1997, to shareholders of record on September 30, 1997.

"This increased dividend is another vote of confidence in the company from our board of directors," said President Parker S. Kennedy. "A dividend is a form of profit-sharing paid directly to our shareholders, and we are pleased to increase their level of participation in this manner."

The company has paid a cash dividend every year since 1909.

The First American Financial Corporation, based in Santa Ana, California, is the nation’s leading provider of real estate-related financial and information 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, appraisal services, mortgage document preparation and field inspection services nationally; First American Home Buyers Protection Corporation, a home warranty company; and First American Capital Management, an investment advisory 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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