Old Republic International Approves Increase in Cash Dividend on Common Stock

March 22, 2002

CHICAGO,  /PRNewswire-FirstCall/ -- Old Republic International Corporation (NYSE: ORI) approved a higher regular quarterly cash dividend rate beginning in the year's second quarter. The quarterly and annual rates on the common shares have been set at 16 cents and 64 cents per share, respectively. This represents an increase of approximately 6 percent over the current quarterly and annual rates of 15 cents and 60 cents, respectively.

Old Republic International has paid common stock dividends without interruption since 1942. With this latest increase, the annual rate will have been raised for 21 consecutive years. The Company currently has approximately 119.4 million common shares outstanding.

Source: Old Republic International Corporation