LandAmerica Announces Additional Common Stock Repurchase Program and Quarterly Dividend

February 22, 2007

RICHMOND, Va.,-- LandAmerica Financial Group, Inc. (NYSE: LFG), a leading provider of real estate transaction services, announces that its Board of Directors has approved a program to purchase up to 1,500,000 shares between now and the end of October 2008, or approximately 8.5% of its fully diluted outstanding shares as of December 31, 2006. Purchases of stock will be accomplished primarily in the open market, with the timing of such transactions subject to market conditions and SEC regulations.

We are pleased to establish an additional share repurchase program based on the cash generated from our operating cash flows as well as the recent redomestication of our principal insurance subsidiaries," said Chairman and CEO Theodore L. Chandler, Jr. "This program further demonstrates our commitment to improving our return on equity."

The Company anticipates funding for this program will come from available corporate funds and future excess cash flow. The program would be in addition to purchases made under the share repurchase plan publicly announced in October 2005 that provides for the purchase of up to 1.25 million shares and expires in July 2007.

The Board of Directors has also declared a quarterly dividend of $.22 per share payable on March 15, 2007, to shareholders of record on March 1, 2007.

Source: LandAmerica Financial Group, Inc.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. 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.