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Letter to the Editor

CCC Information Services Group Inc. Commences $20 Million Rights Offering and Closes on $30 Million Revolving Credit Facility

CHICAGO --( CCC Information Services Group Inc. has announced that it is commencing a $20 million rights offering for up to 3,636,364 shares of its common stock pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission on July 27, 2001. In connection with the commencement of the rights offering, the company's subsidiary, CCC Information Services Inc., announced that it has closed on a new three-year, $30-million revolving credit facility with two of its existing lenders, LaSalle Bank and Harris Bank, to replace the company's existing credit facility.

Under the terms of the rights offering, each holder of record of common stock and warrants as of the close of business on November 20, 2001 will receive one transferable right for each share of common stock or warrant held. Holders of rights will be entitled to purchase one share of CCC's common stock for every 6.33949 rights held, at a subscription price of $5.50 per share. The rights have been approved to trade on the Nasdaq National Market System under the symbol "CCCGR" until December 28, 2001.

The rights offering will expire at 5:00 p.m. Eastern Time on December 28, 2001, unless the company decides to extend the expiration date. Written prospectuses are being distributed to all holders of common stock and warrants to purchase common stock, which will contain a description of the terms and conditions of the rights offering and other relevant information.

In order to permit the CCC to close the new credit facility, three of the company's largest institutional stockholders, White River Ventures, Inc., Capricorn Investors II, L.P. and Capricorn Investors III, L.P., have agreed to purchase in a private placement the aggregate amount of common stock that they would otherwise have purchased in the rights offering on a pro rata basis. They have also agreed to purchase all of the shares not subscribed for by CCC's other stockholders or warrant holders, for an aggregate amount of up to $20 million.

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