ChoicePoint Responds to Unsolicited Below-Market Tender Offer by IG Holdings.

ALPHARETTA, GA.--(BUSINESS WIRE)--Feb. 3, 1999--ChoicePoint Inc. (NYSE: CPS) today reported that it is aware of an unsolicited tender offer by IG Holdings Inc. to purchase up to 2 percent of ChoicePoint's outstanding common stock.

Based on information obtained by ChoicePoint, IG Holdings purportedly commenced a tender offer on January 20, 1999, for the price of $50.50 per share. This offer is 12.25% lower than yesterday's closing price of $56 11/16 on the NYSE for ChoicePoint shares. Since the beginning of the year, ChoicePoint stock has traded at a high of $64 3/16 per share and a low of $53 3/16 per share, well above the tender offer price. ChoicePoint does not endorse this tender offer and strongly suggests that shareholders reject the tender offer on the basis of inadequate price.

In a Wall Street Journal article published January 28th of this year ChoicePoint learned IG Holdings has made a business of making unsolicited offers to buy small stakes in publicly traded companies at prices well below what the shares are trading for in the market.

Derek Smith, ChoicePoint president and CEO said, "We are in the business of helping our customers better understand who they do business with, and providing them intelligence to make smarter choices. Based on the information we have been able to obtain, this offer appears to target uninformed or unsophisticated shareholders who do not understand the current market value of their ChoicePoint shares. We strongly recommend our shareholders reject this offer based on inadequate price and discuss any interest they may have in the offer with their broker or financial advisor before accepting."

Shareholders who may have already tendered shares in response to the offer by IG Holdings are advised to consult with their broker and/or legal counsel with respect to their rights and obligations. Shareholders who want to sell ChoicePoint common stock should compare the sale price on the New York Stock Exchange with the tender price being offered by IG Holdings.

Although the company was not provided a copy of the tender offer materials by IG Holdings, it became aware of the tender offer when a few shareholders and investment brokers called to inquire about the offer. IG Holdings is in no way affiliated with ChoicePoint and did not contact ChoicePoint prior to commencing the offer, nor has ChoicePoint been contacted subsequently by IG Holdings.

ChoicePoint is the leading provider of intelligent information to help businesses, governments and individuals better understand with whom they do business. Through the identification, retrieval, storage, analysis and delivery of data, ChoicePoint helps customers make better, more timely and more informed business decisions. The Company serves the risk management information needs of the property and casualty insurance market, the life and health market, and the business and government markets, including Fortune 1000 corporations, asset-based lenders and professional service providers, and local, state and federal governments.

For more information about ChoicePoint, visit the Company's website at http://www.choicepointinc.com.

The company undertakes no obligation to publicly release any revisions to any forward-looking statement contained herein to reflect events or circumstances occurring after the date hereof or to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. The Company's actual results may differ materially from those projected in forward-looking statements made by, or on behalf of, the company.