Old Republic Extends Shareholder Rights Plan

June 21, 2007

CHICAGO, -- Old Republic International Corporation (NYSE: ORI - News) today announced that its Board of Directors has approved an extension of the Company's shareholder rights plan originally adopted in June 1987. The plan, as now amended, extends through June 26, 2017, and reflects certain technical updating changes.

In reporting on the Board's action, A. C. Zucaro, chairman and chief executive officer, said, "The amended rights plan, like its predecessors, represents a sound and reasonable means of protecting the interest of shareholders and other stakeholders. The rights can be activated in the face of a possible takeover attempt that does not treat all shareholders equally, that disregards the Company's true value, or that exhibits self-dealing, coercive behavior or agenda-driven objectives and intents inimical to the best short or long term interests of stakeholders, including both shareholders and the Company's insureds. The plan has no immediate dilutive effect and is not being renewed due to any known threat to Old Republic's long-term mission as an independent company."

For the past 20 years during which the predecessor rights plans have been in effect, Old Republic's total market return, with dividends reinvested, has grown at a compounded annual rate of 15.1 percent per share, the shareholders' equity account, inclusive of cash dividends, has grown at an average annual rate of 13.6 percent per share, and the regular cash dividend has grown at an 11.6 percent annual compound rate. According to the Spring 2007 edition of Mergent's Dividend Achievers, Old Republic is one of just 119 companies, out of 10,000-plus publicly held corporations, that have posted at least 25 consecutive years of annual dividend growth. For the past 20 years, the total market return, with dividends reinvested, for the S&P 500 Index has grown at a 12.1 percent annual compound rate.

Source: Old Republic International Corporation


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.