Simone Kagan honored by First American as oldest continuous holder of company stock


October 13, 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 Simone Kagan of Newport Beach, California, was recently honored as the oldest owner of continuously held company stock.

Kagan purchased 100 shares of company stock--her first and only purchase--in 1965 at the suggestion of her stepdaughter. Since that time, Kagan has continuously owned the stock, which now totals more than 2,500 shares after numerous stock splits.

At a luncheon in her honor, Kagan, 93, met with Donald P. Kennedy, chairman of the board for First American, and his wife, Dorothy, as well as their son, Parker S. Kennedy, president. Also in attendance at the luncheon were: Craig DeRoy, executive vice president-regional counsel; Tom Klemens, executive vice president-chief financial officer; and Jo Etta Bandy, director of communications. Kagan was presented with a selection of First American merchandise and taken on a tour of the corporate headquarters.

Chairman Kennedy commented that Simone Kagan "looked at least 30 years younger than her 93 years--maybe owning First American stock has contributed to her youthfulness."

Kagan was born on August 31, 1906, in Bordeaux, France. As a child, she was educated in Europe, attending schools in both France and Switzerland. At the age of 14, Kagan and her family emigrated to the United States, arriving on the maiden voyage of the luxury-liner Normandy.

Kagan's first home in America was in Kansas City, Missouri, where she graduated from high school and college. While there, she also opened and ran a private school comprised of 50 students. "I was interested in helping children graduate with a good foundation, both mentally, socially and with a good basic knowledge," said Kagan.

During World War II, Kagan moved with her husband to San Francisco where she drove ambulances for the duration of the war. Kagan has also lived in the California cities of Brawley, Laguna Niguel and Los Angeles.

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 more than 17,000 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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