FIRST AMERICAN TITLE INSURANCE COMPANY ACQUIRES FLORIDA-BASED TITLE SECURITY OF BREVARD, INC.


April 28, 1999, SANTA ANA, Calif.

The First American Financial Corporation (NYSE: FAF), the leading provider of real estate-related information products and services, announced today that its largest subsidiary, First American Title Insurance Company, has purchased Title Security of Brevard, Inc., in Indian Harbour Beach, Fla., from owner Linda Jean Martin. Terms of the acquisition, which closed April 1, 1999, were not disclosed. Previously, First American and Title Security had an underwriting relationship.

Title Security, which serves the Brevard County community, will operate as First American Title Insurance Company. Linda Jean Martin, who has 27 years of title industry experience, will continue as manager. The company, which was originally named Security Title, was founded in Indian Harbour Beach, Fla., in 1979, by Martin and Perry Lane. A few years later, Lane left the company and Martin became the sole shareholder. That same year, Martin incorporated the company as Title Security of Brevard, Inc.

"We are very excited about being associated with First American because of its nationwide reputation and size," said Martin. "The acquisition will give us the added technological tools and resources we need to be able to better serve our current and future customers throughout the Brevard County area."

"First American and Title Security have enjoyed a great relationship for the past 20 years, and we are pleased to add them to the First American family," stated Mike Conway, regional vice president of Florida for First American. "The acquisition allows us to go forward from a stronger strategic position in Brevard County."

The First American Financial Corporation, based in Santa Ana, Calif., is the nation's leading provider of real estate-related information 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, 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 Risk Management division. First American Financial has nearly 20,000 employees in more than 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 on the Internet at http://www.firstam.com.

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