The First American Corporation Announces WorldCom, Inc. Bond Exposure

July 12, 2002

SANTA ANA, Calif., /PRNewswire-FirstCall/ -- The First American Corporation (NYSE: FAF ), a  leading, diversified provider of business information and related products and services, announced that the company will take a $13.6 million pretax, or $8.0 million after-tax, charge against earnings in the quarter ended June 30, 2002, to reflect exposure related to the decline in value and collectability of WorldCom bonds in the principal amount of $16.5 million.

The First American Corporation is a Fortune 500 company that traces its history to 1889

Source: The First American Corporation