Fidelity National Information Services buys back 1.4m shares

Source: Fidelity National Information Services

Fidelity National Information Services, Inc. (NYSE:FIS) , a majority-owned subsidiary of Fidelity National Financial, Inc. (NYSE:FNF) , announced that it repurchased approximately 1.4 million shares of FIS common stock from Fidelity National Title Group, Inc., (NYSE:FNT) and its subsidiaries on October 23, 2006, at a total cost of approximately $56.4 million, bringing the total number of FIS shares outstanding to 189,282,429.

FIS' repurchase of shares is in conformity with FNF's previously announced receipt of a formal private letter ruling from the Internal Revenue Service regarding the tax-free distribution of FNT stock to FNF shareholders and the merger of FNF with and into FIS.

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