FIRST AMERICAN TITLE INSURANCE COMPANY ACQUIRES KANSAS-BASED GUARANTEE TITLE


April 12, 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 Guarantee Title of Johnson County, Inc.; Guarantee Title of Wyandotte County, Inc.; and Guarantee Land Title of Leavenworth, Inc. All three offices are located in the Kansas City area. Terms of the acquisition, which closed April 9, 1999, were not disclosed.

The three offices of Guarantee Title will retain their current names, with Joe F. Jenkins II continuing as president of both the Wyandotte County and Leavenworth offices and Douglas T. Tyler continuing as president of the Johnson County office. Jenkins, who has more than 30 years of title industry experience, is a recognized member of the Kansas City real estate community, with many contacts among real estate agents and builders. Tyler, who has 28 years of title industry experience, co-founded Guarantee Title's Johnson County office with Jenkins.

"We are very excited about our new association with First American," said Jenkins. "In addition to being a great opportunity for our employees, this acquisition will provide our company with greater flexibility, capital and technological tools, which will enable us to offer additional services to our customers and to more effectively compete into the next century."

Presently, First American's operations in the Kansas City market are conducted primarily through several branch offices, as well as a network of small, local agents. Guarantee Title holds the largest market share in Leavenworth and Wyandotte counties, including Kansas City, Kan.

"We have recognized that we need a more direct Kansas City presence if we are to deliver a consistently high level of quality service required to succeed in this growing metropolitan market," said Gary Kermott, president of First American Title Insurance Company. "The addition of Guarantee Title's operations with its excellent reputation and history will enhance and complete First American's other Kansas City operations by instantly making us one of the area's leading full-service title companies."

Guarantee Title was founded in 1889 in Wyandotte County, Kan. In 1941, the company was purchased by Joe F. Jenkins Sr., who incorporated it as Guarantee Abstract and Title Company, Inc., 13 years later. In 1987, the company's name was changed to Guarantee Title of Wyandotte County. Guarantee Title's Johnson County office was incorporated in 1977, with the Leavenworth office incorporated in 1980.

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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