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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Capital Title Announces Agreement to Acquire Nationwide Appraisal Services

January 27, 2004

SCOTTSDALE, Ariz., /PRNewswire-FirstCall/ -- Capital Title Group, Inc. (Nasdaq: CTGI) -- a title agency, title insurance underwriter and provider of real estate-related services, announced today the signing of a definitive agreement to acquire Nationwide Appraisal Services Corporation, headquartered near Pittsburgh, Pennsylvania.

Nationwide provides appraisal and valuation services to customers in the mortgage lending and real estate industries throughout the United States. Nationwide is also licensed as an agent to issue title insurance policies in 35 states.

The acquisition of Nationwide significantly expands the geographic scope of Capital Title's operations, as well as the breadth of bundled real estate settlement services that Capital can offer to its lending and real estate clients.

Terms of the acquisition call for payment of $25 million in cash at closing, with deferred payments of up to $3 million dependent upon specified conditions. The acquisition is subject to customary closing conditions, including receipt of all necessary regulatory approvals.

Soure: Capital Title Group, Inc.

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