Press Releases

LIVE ACQUIRED BY FIRST TITLE PLC

01 March 2005

First Title plc, the UK's leading provider of title insurance and mortgage processing services, today announced the acquisition of The Live Organisation Ltd, a leading provider of legal services in the conveyancing sector.

The Live Organisation was formed in 1996 and launched Conveyancing Live, its first no move, no fee service, which pioneered the use of online progress reports and SMS text messaging and has since completed over 100,000 transactions. The acquisition comes only 6 months after First Title acquired enact, the Leeds based volume legal conveyancing operation. Commenting on this significant acquisition, David Thorpe, Chief Executive Officer of First Title said "Live and First Title are ideally positioned to lead the market in the provision of Home Information Packs in 2007. We have retained the existing management team to build on their initial success".

Rob Sendall, Managing Director of Live, added: " This is a tremendously exciting development for Live. Having the financial strength and support of a global business dedicated to the property sector, we will be able to grow and develop at a faster pace than previously envisaged. With the backing of First Title, Live are in a position to deliver even more value to their partners."

Live was advised on the transaction by Manches. First Title was advised by Maclay Murray & Spens, City Law Partnership.

About First Title plc
First Title plc has 5 offices in the UK employing more than 700 staff. It provides a wide range of innovative products, which enable solicitors, mortgage lenders and estate agents to deliver a more efficient and advanced service to their property clients.
First Title plc is owned by First American Corporation (www.firstam.com) - a world leader in title insurance and data provision supplying businesses and consumers with information resources in connection with major economic events in people's lives. A Fortune 500 company with over 100 years heritage, it has over 1,800 offices in North America and around the world employing in excess of 30,000 staff and an annual operating revenue in excess of $6.7 billion.

Press enquiries: Please contact the First Title Press Office on 0208 315 1300 (Switchboard) or e-mail tim.jones@first-title.co.uk or the Live press office on 0870 6095 103 or e-mail rob.sendall@55live.com.

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