Capital Title Group Exceeds Guidance Outlook for Fourth Quarter 2002 EPS

January 28, 2003

PHOENIX, /PRNewswire-FirstCall/ -- Capital Title Group, Inc. (Nasdaq: CTGI - News) a regional title agency, title insurance underwriter and provider of real estate-related services, today stated that fourth quarter 2002 results will be significantly higher than the company's previously announced outlook. Earnings per diluted share for the three month period ended December 31, 2002 are expected to be $0.21, up from the company's earlier guidance of $0.10 to $0.13 and over 250% greater than the prior year period of $0.06 per diluted share.

For the full-year 2002 the company expects to report record earnings per diluted share of $0.38, rising an impressive 35.7% over the prior year earnings per diluted share of $0.28. The company will report full financial results upon completion of the 2002 financial statement audit, which is anticipated to be in early March.

"Increasing market share gains, strength in the residential and refinance markets bolstered by continuing low mortgage rates, and the acquisition and successful integration of Nations Holding Group in our California market, all contributed to a record year for Capital Title," commented Donald R. Head, chairman of the board, president and chief executive officer. "However it is our opinion the refinance market will slow in the near term, an issue our management team has addressed in our operational planning for 2003.

"Our employees are committed to our corporate philosophy of: 1) building a company that is number one in customer service; 2) a company that is a great place to work; and 3) a company that is focused on profitable results for our shareholders. It all comes down to quality people and execution of our business model. Capital Title has made a tremendous investment in its people as well as technology. We can now see the bottom line benefits from theses critical investments through the company's growth and strength as a super regional player in the title industry," concluded Head.

Source: Capital Title Group, Inc.

Contact ALTA at 202-296-3671 or [email protected].