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Wednesday November 7

CCC Information Services Group Inc. Announces $20 Million of New Equity and Commitments for New $30 Million Bank Facility

CHICAGO -- CCC Information Services Group Inc. has announced that the Board of Directors approved a $20 million rights offering to be effectuated pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission on June 27, 2001. In connection with the rights offering, CCC also announced that it has received commitments, subject to customary conditions, from two of its existing lenders for a $30 million, three-year bank-credit facility to replace the company's existing credit facility.

Under the terms of the offering, which remain subject to change, each holder of record of common stock and warrants to acquire common stock as of the close of business on November 20, 2001, would receive, at no charge, one subscription right for each share of common stock or warrant held. Holders of rights will be entitled to purchase one share of the Company's common stock, at a subscription price of $5.50 per share, for approximately 6.3 rights, based on the outstanding shares of common stock as of November 6, 2001, subject to adjustment for changes in the number of shares outstanding as of the record date. The rights will be transferable and a listing application has been filed with the Nasdaq National Market to enable the rights to be tradable.

The rights will expire on December 19, 2001, at 5 p.m. Eastern Standard Time, unless the company decides, in its sole discretion, to extend the expiration date. Upon completion of the rights offering, the total number of outstanding shares of common stock will be increased by approximately 15.8 percent.

Two of CCC's largest institutional shareholders, White River Ventures, Inc., managed by Charlesbank Capital Partners, and Capricorn Investors II and III L.P., have agreed to purchase their pro-rata share of the rights offering, as well as all of the shares not subscribed for by the Company's other stockholders or warrant holders, up to an aggregate of $20 million.

As soon as practicable after the record date, the company expects to mail to stockholders a final prospectus for the rights offering and related instructions for exercising or selling their rights. The prospectus will contain a description of the rights offering and other relevant information.

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