The First American Financial Corporation board of directors declares regular quarterly dividend

February 28, 1997, SANTA ANA, CALIFORNIA

At its February 27 meeting, the board of directors of The First American Financial Corporation (NYSE: FAF) declared a regular quarterly dividend of 18 cents per Common share. The dividend is payable April 15, 1997, to shareholders of record on March 31, 1997.

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 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 on the Internet.