Investors Title Company Announces Stock Repurchase Program - Declares Dividend

November 12, 2004

J. Allen Fine, Chairman of the Board of Investors Title Company, announced today that the Company's Board of Directors has approved the purchase of up to an additional 125,000 shares of Company common stock in the open market or privately negotiated purchases. This brings the total number of shares that the Company is authorized to repurchase up to 500,000.

Tthe Company's Board of Directors also declared a cash dividend of $.04 per share to shareholders of record December 1, 2004, payable December 15, 2004.