Stewart Closes Private Placement of 6.00% Convertible Senior Notes Due 2014

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HOUSTON, (October 15, 2009) - Today, Stewart Information Services Corporation (NYSE-STC ) announced the closing of its previously-announced private placement of $65,000,000 aggregate principal amount of 6.00% Convertible Senior Notes due 2014 (the "Notes"). This amount includes the exercise in full of the initial purchaser's over-allotment option to purchase $5,000,000 aggregate principal amount of additional Notes. Stewart received aggregate net proceeds from the sale of the Notes of approximately $62.3 million, after deducting the initial purchaser's commissions and estimated expenses.

The Notes will pay interest semiannually at a rate of 6 percent per annum beginning on April 15, 2010. The Notes are, subject to certain limitations, convertible into shares of Stewart's common stock at an initial conversion rate of 77.6398 shares per $1,000 principal amount of Notes (equal to a conversion price of $12.88 per share), subject to adjustment in certain circumstances. The conversion price represents a 25 percent premium above the $10.30 per share closing price of Stewart's common stock on the New York Stock Exchange on October 8, 2009.

The Notes are guaranteed by Stewart's wholly-owned subsidiary, Stewart Title Company, and certain of its wholly-owned domestic subsidiaries. The Notes are not redeemable at the option of Stewart. The holders have the right to require Stewart to repurchase their Notes at a price equal to 100 percent of the principal amount of the Notes to be repurchased plus any unpaid interest in the event of certain fundamental changes, including certain change of control transactions. The Notes mature on October 15, 2014 unless earlier converted or repurchased. The Notes are senior unsecured obligations of Stewart and rank senior in right of payment with all existing and future indebtedness of Stewart that is expressly subordinated in right of payment to the Notes.

Because the notes are initially convertible in full into more than 20 percent of Stewart's outstanding common stock, Stewart has agreed to seek the approval of the holders of its outstanding shares of its common stock, at its next annual shareholders' meeting, for the issuance of more than 20 percent of Stewart's outstanding common stock upon conversion of the Notes. Prior to the earlier of shareholder approval or April 15, 2014, holders may surrender their Notes for conversion only for a combination of cash and common stock, upon the satisfaction of certain conditions.

Stewart intends to use the net proceeds from the offering to pay down an aggregate amount of $60.5 million of outstanding unsecured callable bank debt, which results in an extension of Stewart's debt maturities. The remaining net proceeds from the offering will be used for general corporate purposes.

The Notes were sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Notes, the subsidiary guarantees and the underlying shares of common stock that may be delivered upon conversion of the Notes have not been registered under the Securities Act or any state securities laws, and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws. This press release shall not constitute an offer to sell or the solicitation of any offer to buy any of these securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

Stewart Information Services Corporation (NYSE-STC) is a customer-driven, technology-enabled, strategically competitive real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries throughout the United States and in international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at http://www.stewart.com/.

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