Capital Title schedules shareholder vote on merger

July 11, 2006

Next month, Capital Title Group Inc. will ask its stockholders to approve a proposed buyout of the company by LandAmerica Financial Group Inc.

The special shareholders meeting has been scheduled for Aug. 10, with a record date of July 11.

As announced March 29, Capital Title entered into a definitive agreement to become a wholly owned subsidiary of LandAmerica, a provider of real estate transaction services, for $251 million in cash and stock.

The merger is subject to Capital Title shareholder approval and receipt of all required regulatory approvals.

Capital Title Group (NASDAQ: CTGI - News) is a Scottsdale-based provider of title and appraisal services.

Source: Capital Title Group


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