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Fidelity National Financial, Inc. Acquires a Controlling Interest in Cascade Timberlands LLC
Jacksonville, Florida, USA, 22 May 2006 -- /PRNewswire/ -- Fidelity National Financial, Inc., (NYSE:FNF), a Fortune 500 provider of outsourced products and services to a variety of industries, today announced that it has acquired an approximately 70% controlling interest in Cascade Timberlands LLC ("Cascade Timberlands").

The primary assets of Cascade Timberlands are approximately 293,000 acres of productive timberlands, known as Oregon tree farm, located on the eastern side of the Cascade mountain range extending from Bend, Oregon south on State Highway 20 toward the California border. Cascade Timberlands was created by the secured creditors of Crown Pacific LP upon the conclusion of the bankruptcy case of Crown Pacific LP in December 2004.

"We intend to review all 26 properties in the Oregon tree farm and determine the optimal use for each property on its own and in relation to the other properties," said chairman and chief executive officer William P. Foley, II. "This may entail utilizing the timber assets themselves, conservation and preservation of the land or the exploration of other alternative development uses for the timberland. We have also had preliminary conversations with Deschutes Basin Land Trust concerning the Skyline Forest section of the timberlands and we will continue to work with that Land Trust in pursuit of our respective goals."

Fidelity National Financial, Inc., is a provider of outsourced products and services to a variety of industries. Through its majority-owned, publicly-traded subsidiary, Fidelity National Title Group, Inc. (NYSE:FNT), FNF is one of the nation's largest title insurance companies, with nearly 31% national market share. Through its majority-owned, publicly-traded subsidiary, Fidelity National Information Services, Inc. (NYSE:FIS), FNF provides an industry leading suite of data processing, payment, and risk management services to financial institutions and retailers. Through its wholly-owned subsidiaries, FNF is also a leading provider of specialty insurance products, including flood insurance, homeowners insurance, and home warranty insurance. Through its minority-owned subsidiary, Sedgwick CMS, FNF is a leading provider of outsourced insurance claims management services to large corporate and public sector entities. More information about the FNF family of companies can be found at http://www.fnf.com/ , http://www.fntg.com/ , http://www.fidelityinfoservices.com/ and http://www.sedgwickcms.com/ .

Source: Fidelity National Financial, Inc.

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