SAFE HARBOR STATEMENT Except for the historical information presented, the matters disclosed in the foregoing discussion  and analysis and other parts of this report include forward-looking statements. These statements  represent the Company' s current judgment on the future and are subject to risks and uncertainties  that could cause actual results to differ materially. Such factors include, without limitation: (1)  that the demand for title insurance will vary with factors beyond the control of the Company as  changes in mortgage interest rates, availability of mortgage funds, level of real estate activity,  cost of real estate, consumer confidence, supply and demand for real estate, inflation and general  economic conditions; (2) that losses from claims may be greater than anticipated such that  reserves for possible claims are inadequate; (3) that unanticipated adverse changes in securities  markets could result in material losses on investments made by the Company; and (4) the  dependence of the Company on key management personnel the loss of whom could have a  material adverse effect on the Company' s business. Other risks and uncertainties may be  described from time to time in the Company' s other reports and filings with the Securities and  Exchange Commission.  18 © Investors Title Company 