News release

First American Title Insurance Co. Selects HP Technology to Speed Access to Real Estate Market Information

HP Integrity Superdome server installation helps title insurance firm become an Adaptive Enterprise

HP today announced that First American Title Insurance Company, one of the nation's leading title insurance providers and a member of The First American Corporation (NYSE: FAF) family of companies, has selected HP to maximize the data processing capabilities central to its core business. In order to achieve this, First American Title has deployed HP Integrity Superdome servers running Microsoft Windows® Server 2003, Datacenter Edition.

The HP solution significantly improves the performance of First American Title's FAST Transaction System - a fully integrated, browser-based system designed to automate and centralize title and escrow settlement services - allowing the company to improve business performance and anticipate and quickly respond to change as an Adaptive Enterprise.

The upgrade of the FAST Transaction System to HP Integrity Superdome servers enables First American Title to deliver significant productivity improvements for more than 15,000 employees in 1,200 offices worldwide by decreasing the overall processing time of title and closing procedures.

First American Title worked closely with HP to implement the Intel® Itanium® 2-based HP Integrity Superdome servers running Microsoft Windows Server 2003, Datacenter Edition and Microsoft SQL Server 2000, Enterprise Edition (64-bit). The high-end HP Integrity Superdome servers offer a considerable performance advantage over the Unisys ES7000 systems the company chose to replace.

"As the nation's leading provider of business and real estate related data, we are constantly seeking ways to optimize productivity in delivering valuable products and services to our customers," said John M. Hollenbeck, senior executive vice president of technology, First American Title Insurance Company. "With the deployment of the FAST Transaction System on HP Integrity servers, our efficiency has improved considerably, contributing to $100 million in annual savings to The First American Corporation."

First American Title Insurance Company provides its customers with timely and accurate access to information that protects real estate property buyers and lenders from problems that might affect title ownership. In addition to using HP Integrity Superdome servers for its data processing needs, the company also uses industry-standard HP ProLiant servers for the FAST Transaction System and other business critical applications.

"We view technology as a means to enhance our competitive advantage, and we chose HP Integrity servers and Microsoft Windows because the combination gives us better performance and more stability in our mission-critical systems," said Larry W. Godec, chief information officer, First American Title. "HP Integrity servers deliver the cost and flexibility benefits we were looking for, while providing a proven path to scale these systems as our customer base and data volume continue to expand."

"HP Integrity servers deliver the leading performance and flexibility for customers like First American Title Insurance Company to help mitigate risk, improve overall system and business performance, and increase the company's agility - all part of achieving an Adaptive Enterprise," said Jim Milton, senior vice president, Customer Solutions Group, and managing director - CSG Americas, HP. "As First American Title continues to expand, the company can be confident that HP Integrity servers, with the ability to scale from 1-128 processors and run multiple operating systems, will likewise reliably grow with them to meet their most demanding workload requirements."

HP Services performed a proof of concept with First American Title at the HP Global Solution Center in Cupertino, Calif., before implementation of the Integrity Superdome, reducing the time-to-market for the new deployment. With more than 80 locations worldwide, HP Solution Centers are a secure data center resource for customers to perform proof-of-concept and benchmark work with access to highly skilled HP Services specialists.

About First American

First American Title Insurance Company, the largest subsidiary of The First American Corporation, traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through nearly 1,500 offices and an extensive network of agents throughout the United States and abroad. The company has its headquarters in Santa Ana, Calif. Information about The First American Corporation's subsidiaries and an archive of its press releases can be found on the Internet at http://www.firstam.com.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. For the four fiscal quarters ended April 30, 2004, HP revenue totaled $76.8 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.

Microsoft and Windows are U.S. registered trademarks of Microsoft Corporation. Intel and Pentium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they ever materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the proposed contract may not be entered into on the terms or within the timeframe currently contemplated or at all; that the market for the sale of certain products and services may not develop as expected; that development and performance of these products and services may not proceed as planned; and other risks that are described from time to time in the Quarterly Report on Form 10-Q for the fiscal quarter ended Jan. 31, 2004, and other Securities and Exchange Commission reports, filed after the Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2003. HP assumes no obligation and does not intend to update these forward-looking statements.