LandAmerica Default Services Acquires 3 Arch Financial Services Corporation

December 8, 2004

Richmond, Virginia – LandAmerica Financial Group, Inc. (NYSE: LFG), a provider of real estate transaction services, through its subsidiary LandAmerica Default Services Company (LADS), announces the purchase of 3 Arch Financial Services Corporation. 3 Arch Financial Services is based in Irvine, California, with offices in New York.

Through two of its founding shareholders, Shawn Miller and Steven Davis, 3 Arch Financial Services has provided clients with decades of collective mortgage default experience and a full platform of services. Miller and Davis will remain with the company following the acquisition.

“This is a great opportunity for our customers,” said Miller. “We are now able to offer clients the full range of default services backed by the financial strength of a Fortune 500 company.”

“We are excited to have 3 Arch Financial Services join the LandAmerica family of companies,” said Carl Brown, President of LandAmerica Default Services. “It is a solid company with an excellent reputation for delivering superior customer service. Together, we can expand and prosper.”

Source: LandAmerica Financial Group, Inc.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.