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Investors Title Company Declares Quarterly Dividend

May 24, 2004

CHAPEL HILL, N.C., -- J. Allen Fine, Chairman of the Board of Investors Title Company (NASDAQ: ITIC), announced that the Company's Board of Directors has declared a cash dividend of $.04 per share to shareholders of record June 1, 2004, payable June 15, 2004.

Investors Title Company is a publicly-held North Carolina company whose stock is traded on the NASDAQ National Market (Symbol: ITIC). Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. Title insurance is typically sold when real estate is purchased and upon refinancing of loans secured by real estate. Premiums are written through 28 branch offices and a network of agents in 24 states and the District of Columbia. The Company also provides services in connection with tax-free exchanges of like-kind property as well as investment management services to individuals, trusts, foundations and businesses.

Source: : Investors Title Company



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