LandAmerica Chairman and Chief Executive Officer Theodore L. Chandler, Jr.said, "We are disappointed with Fidelity's decision; however, our attentionremains focused on strengthening LandAmerica's business and exploringstrategic alternatives during these incredibly difficult economic times."

About LandAmerica Financial Group, Inc.

LandAmerica Financial Group, Inc. is a leading provider of real estatetransaction services with offices nationwide and a vast network of activeagents. LandAmerica serves its agent, residential, commercial and lendercustomers throughout the United States, Mexico, Canada, the Caribbean, LatinAmerica, Europe and Asia. LandAmerica is recognized as number one in themortgage services industry on Fortune's(R) 2007 and 2008 lists of America'sMost Admired Companies.

The Company cautions readers that the statements contained hereinregarding the Company's future financial condition, results of operations,future business plans, operations, opportunities, or prospects, including anyfactors which may affect future earnings, are forward-looking statements madepursuant to the safe harbor provisions of the Private Securities LitigationReform Act of 1995. Such forward-looking statements are based uponmanagement's current knowledge and assumptions about future events and involverisks and uncertainties that could cause actual results, performance orachievements to be materially different from any anticipated results,performance or achievements, expressed or implied by such forward-lookingstatements. Such risks and uncertainties include: (i) the Company's results ofoperations and financial condition are susceptible to changes in mortgageinterest rates and general economic conditions; (ii) changes to theparticipants in the secondary mortgage market could affect the demand fortitle insurance products; (iii) the Company is subject to governmentregulation; (iv) heightened regulatory scrutiny of the Company and the titleinsurance industry, including any future resulting reductions in the pricingof title insurance products and services, could materially and adverselyaffect the Company's business, operating results, and financial condition; (v)the Company may not be able to fuel its growth through acquisitions; (vi) theCompany's inability to integrate and manage successfully the Company'sacquired businesses could adversely affect the Company's business, operatingresults, and financial condition; (vii) regulatory non-compliance, fraud ordefalcations by the Company's title insurance agents or employees couldadversely affect its business, operating results, and financial condition;(viii) competition in the Company's industry affects its revenue; (ix)significant industry changes and new product and service introductions requiretimely and cost-effective responses; (x) the Company's litigation risksinclude substantial claims by large classes of claimants; (xi) the Company'sclaims experience may require the Company to increase its provision for titlelosses or to record additional reserves, either of which may adversely affectits earnings; (xii) key accounting and essential product delivery systems areconcentrated in a few locations; (xiii) provisions of the Company's articlesof incorporation and bylaws and applicable state corporation and insurancelaws could limit another party's ability to acquire the Company and coulddeprive shareholders of the opportunity to obtain a takeover premium forshares of common stock owned by them; (xiv) the Company's future successdepends on its ability to continue to attract and retain qualified employees;(xv) the Company's conduct of business in foreign markets creates financialand operational risks and uncertainties that may materially and adverselyaffect its business, operating results, and financial condition; and (xvi)various external factors including general market conditions, governmentalactions, economic reports and shareholder activism may affect the tradingvolatility and price of the Company's common stock. For a description offactors that may cause actual results to differ materially from suchforward-looking statements, see the Company's Annual Report on Form 10-K forthe year ended December 31, 2006, and other reports from time to time filedwith or furnished to the Securities and Exchange Commission. The Companycautions investors not to place undue reliance on any forward-lookingstatements as these statements speak only as of the date when made. TheCompany undertakes no obligation to update any forward-looking statements madein this release.

SOURCE LandAmerica Financial Group, Inc.