First American Financial increases dividend


February 27, 1998, SANTA ANA, CALIFORNIA

At its February meeting, the board of directors of The First American Financial Corporation (NYSE: FAF) declared a regular quarterly dividend of 15 cents per Common share, representing a 12.5 percent increase over the prior quarter. The dividend is payable April 15, 1998, to shareholders of record on March 31, 1998.

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, property data services, flood certification, field inspection services, appraisal services, mortgage loan 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 more than 13,000 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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