Fidelity National Financial to Acquire Sedgwick CMS Holdings

December 27, 2005

Fidelity National Financial Inc. has signed definitive agreements to acquire Sedgwick CMS Holdings Inc., an industry provider of outsourced insurance claims management services to large corporate and public sector entities.

With expected 2005 revenue of nearly $400 million, Sedgwick CMS designs, implements and manages outsourced third party administration programs for workers’ compensation claims management, liability claims management and disability claims management. The Company’s services include claims administration, managed care and related services to clients with high frequency, low severity claim exposures.

The purchase price of $635 million, subject to certain adjustments, is expected to be funded through a combination of cash on hand and borrowings under existing lines of credit. Subject to regulatory approvals, the transaction is expected to close on Jan. 31, 2006.

Source: Fidelity National Financial, Inc.

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