SPINOFF and MERGER: Fidelity Group - FNT, FNF, and FIS

Issue:

In late October and early November of 2006, the Fidelity Group has had a number of reorganizations.

On October 24, 2006, Fidelity National Financial, Inc. [FNF] distributed all of the shares of Fidelity National Title Group, Inc. [FNT] to its shareholders. This is a tax-free spinoff. For each share of FNF, shareholders received 1.047732 shares of FNT. The company has advised that shareholders allocate 52.82% of FNT's basis to FNT and 47.18% to FNF. You can get the details of the tax treatment of this transaction at http://files.shareholder.com/support/download.aspx?file=FNF/65491326x0x57263/366AFEFA-5CD8-40D0-8BFE-B918019E9584/TaxBasis.pdf.

On November 9, FNF was merged into Fidelity National Information Services [FIS]. Each FNF shareholder received 0.537410 shares of FIS. FIS closed at $41.35 on 11/9/06

On November 10, 2007, Fidelity National Title Group [FNT] changed its name to Fidelity National Financial, Inc, and started to trade under the symbol FNF.

Resolution:

Instructions for entering the above three items are shown below, both for Club Accounting 3 and Club Accounting Online. It is important that you follow the instructions exactly, and enter them in the order shown.

FNT Spinoff

In Club Accounting Online (CAO)

1. Go to ACCOUNTING > SECURITIES > SPINOFF.

2. Enter 10/24/06 as the date, select the parent stock of FNF, and enter 1 for the number of daughter companies, then click CONTINUE.

3. Click the radio button for REMAINING BASIS PERCENTAGE (instead of price per share for FNF) and enter 52.82 in the percentage box.

4. In row 1, enter FNT for the symbol of the new company.

5. Enter the number of shares of FNT received, including fractional shares, and 22.23 for the price per share.

6. In the CASH RECEIVED box, enter the amount of cash, if any, received in lieu of fractional shares.

7. Click SUBMIT, then click CONTINUE.

In Club Accounting 3 (CA3)

1. Go to TRANSACTIONS > SPINOFF.

2. Enter 10/24/06 as the date

3. Select the PARENT SECURITY as Fidelity National Financial, Inc. [FNF]

4. Click the radio button for REMAINING BASIS PERCENTAGE and enter 52.82 in the percentage box.

5. Click NEW SECURITY and enter the name and ticker for Fidelity National Title Group, Inc. [FNT]. Click OK to save the data.

6. Under SPINOFF SECURITY, scroll down to Fidelity National Title Group, Inc. and enter the number of shares received, including fractional shares, and 22.23 for the price per share.

7. Under CASH RECEIVED, IF ANY, enter the cash received in lieu of fractional shares.

8. Click OK.

9. On the CONFIRM TRANSACTION screen, click OK.

That will take care of the spinoff. When you have finished, 47.18% of the original cost of FNF should have been allocated to FNT.

Merger of FNF into FIS

In Club Accounting Online (CAO)

1. Go to ACCOUNTING > SECURITIES > MERGER.

2. Enter 11/9/06 as the date.

3. Enter FNF as the merging company.

4. Enter 1 for number of daughter companies.

5. Select CONTINUE.

6. Enter FIS for the symbol of the new company.

7. Enter the number of shares of FIS received. This will be 0.537410 times the number of FIS shares held. Be sure to enter the fractional portion.

8. Enter 41.35 for the price per share.

9. Enter any cash received in lieu of fractional shares.

10. Select the appropriate cash account.

11. Click SUBMIT.

In Club Accounting 3 (CA3)

1. Go to TRANSACTIONS > ENTER NEW

2. Enter 11/9/06 as the date.

3. For Transaction Type, select MERGER.

4. Select the appropriate cash account.

5. Enter FNF as the Old Security.

6. Enter any cash received in lieu of fractional shares in the CASH RECEIVED box.

7. If Fidelity National Information Services [FIS] does not appear as one of the New Securities, click NEW SECURITY and enter the information for that company.

8. For FIS, enter the number of shares of FIS received. This will be 0.537410 times the number of FIS shares held. Be sure to enter the fractional portion.

9. Enter 41.35 for the price per share.

10. Click OK

That takes care of the merger of FNF into FIS.

Change of name and symbol for Fidelity National Title Group [FNT]

In Club Accounting Online (CAO)

1. Go to ACCOUNTING > SECURITIES > SECURITY SETTINGS

2. Click EDIT in the FNT line.

3. Change the name and symbol to Fidelity National Financial, Inc. and FNF

4. Click SUBMIT.

In Club Accounting 3 (CA3)

1. Go to SECURITIES.

2. Double-click on the FNT line.

3. Change the name and symbol to Fidelity National Financial, Inc. and FNF

4. Click OK

Done!