FNF Fidelity National Financial Inc

Fidelity National Financial, Inc. Announces Acquisiton of ClearPar(SM), LLC JACKSONVILLE, Fla., Dec. 13 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, today announced the acquisition of ClearPar(SM), LLC ("ClearPar") a provider of technology and services that delivers primary and secondary commercial loan trade settlement services. ClearPar provides the first fully operational web-based commercial loan settlement system dedicated to the efficient settlement of par loan closings in the primary syndication and secondary loan trading markets. The ClearPar system simplifies trade settlement by providing an integrated, collaborative, real-time environment for buyers and sellers to create, review, approve, and execute secondary trade and syndication documents. System generated documents include trade confirmations, assignment and acceptance agreements, net-off letters, multilateral agreements and funding memoranda. Since its inception in June 2000, the ClearPar system has settled nearly $172 billion in combined par and secondary loan trades and primary issue syndications. "The ClearPar acquisition provides a mid-office commercial loan settlement solution that can be integrated with our existing front-office syndication and trading solutions and our back-office commercial loan servicing systems," said Chairman and Chief Executive Officer William P. Foley, II. "We now have the tools to provide the only completely integrated, inter-party automated processing solution that spans the life of commercial and syndicated loan transactions, from origination through trade settlement, servicing and ultimate maturity." Fidelity National Financial, Inc., number 262 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF had total revenue of more than $6.2 billion and earned more than $560 million for the first nine months of 2004, with cash flow from operations of more than $925 million for that same period. FNF is the nation's largest title insurance company, with more than 30 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its subsidiary Fidelity National Information Services, Inc. ("FIS"), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. FIS' software processes nearly 50 percent of all U.S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 3,600 small and mid-sized U.S. financial institutions, and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. FIS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. FIS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at http://www.fnf.com/ and http://www.fidelityinfoservices.com/. ACBS is an integrated family of commercial lending solutions that automates the entire range of commercial lending activity, from deal origination, syndication, servicing and trading through portfolio management. The products operate in real-time managing any currency. ACBS products run on Windows and IBM iSeries platforms or through an application service provider and are licensed by over 70 leading financial institutions, including ABN AMRO, Bank of America, Barclays, Canadian Imperial Bank of Commerce, Dresdner Bank, JPMorgan Chase, Merrill Lynch, PNC and Scotiabank. This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward- looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the Company's Form 10-K and other reports and filings with the Securities and Exchange Commission. DATASOURCE: Fidelity National Financial, Inc. CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations, Fidelity National Financial, Inc., +1-904-854-8120, or Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/

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