FIRST AMERICAN ACQUIRES RESIDENT SCREENING COMPANY ACE INFORMATION SERVICES


July 9, 1999, SANTA ANA, Calif.

The First American Financial Corporation (NYSE: FAF), the leading provider of business information and related products and services, announced that it has completed its acquisition of Ace Information Services, Inc., a Florida-based resident screening company. Terms of the transaction, which closed June 1, 1999, were not disclosed.

Ace Information Services, headquartered in Orlando, Fla., was established in 1977 to serve the specific risk management needs of landlords seeking to reduce the uncertainties involved in selecting residents for their rental housing. The company assists landlords by allowing them to obtain information on an applicant's credit background, eviction record, criminal conviction record and other background information.

"The addition of Ace Information Services continues First American's planned expansion into consumer information and services markets by forming alliances with leaders in complementary industries," said First American Consumer Information President Don Robert. "Ace is the established leader in the resident screening industry in key southern states, with particular strength in the booming Florida market. This market strength and the company's existing relationship with First American Registry made it a particularly attractive addition to the First American family."

Ace Information Services will be folded into First American Registry, Inc., the nation's leading resident screening company.

"We have been a primary, southern distributor of First American Registry's resident screening products since 1992," said Ace Information Services' President Ron Crawley. "Our market strength is a key addition to First American's growing, nationwide reach. We have developed an eviction database of more than 2 million court records and 2.1 million criminal records which instantly establishes First American as the leader in the Florida market and throughout the South."

The First American Financial Corporation, based in Santa Ana, Calif., is the nation's leading provider of business information and related products and 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, mortgage credit reporting, property data services, flood certification, field inspection services, appraisal services, loss mitigation services, mortgage loan origination and servicing systems, and mortgage document preparation nationally; First American Home Buyers Protection Corporation, a home warranty company; First American Capital Management, Inc., an investment advisory firm; and First American Trust Company and First Security Thrift Company in Southern California. The company also offers automotive and direct-to-consumer credit reporting, multifamily resident screening and pre-employment screening through its Consumer Information division. First American Financial has approximately 20,000 employees in more than 600 branch offices in the United States and abroad. Information about the company's subsidiaries and an archive of its press releases can be found on the Internet at http://www.firstam.com.

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