First American Financial announces 20 percent increase in quarterly cash dividend


August 28, 1998, SANTA ANA, CALIFORNIA

The First American Financial Corporation (NYSE: FAF), the leading provider of real estate-related financial and information services, announced today that its board of directors has approved an increase in the company's quarterly cash dividend from 5 cents per share to 6 cents per share, representing an increase of 20 percent.

The cash dividend is payable on October 15, 1998, to shareholders of record as of September 30, 1998. The company has paid a cash dividend every year since 1909.

"The increase in our quarterly cash dividend is testimony to our confidence in First American's strong operating performance and future outlook," said Parker S. Kennedy, president of First American Financial. "We are pleased to share the benefits of our strong performance with our shareholders."

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, property data services, flood certification, field inspection services, appraisal services, mortgage loan origination and servicing systems, and mortgage document preparation 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 approximately 15,000 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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