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March 31, 1999

Factual Data Corp. Announces $15 Million Private Equity Offering

Loveland, CO — Factual Data Corp. (Nasdaq: FDCC, FDCCW), a leading national provider of customized information services to the mortgage and consumer lending, employment, and real estate rental markets, today announced a $15 million private placement of 1,854,713 newly-issued shares of common stock to a group of institutional investors headed by CIVC Partners (CIVC), an affiliate of Bank of America, BCI Advisors and Marshall Ventures LLC. The transaction was priced at $8.08 per share. U.S. Bancorp Piper Jaffray Inc. served as the financial advisor to the Company on the transaction.

In commenting on this event, Jerald H. Donnan, President and CEO, said, "We are excited about the synergies between Factual Data and the investment group. We are particularly intrigued by their affiliation with the mortgage industry and other associated businesses. This funding provides the capital resources to aggressively continue our ambitious industry consolidation plan. From August 1998 through January 1999 we have consummated 11 acquisitions, of mortgage credit reporting businesses, with trailing twelve months revenues of approximately $17 million for an aggregate purchase price of $9.8 million. Giving effect to the acquisitions the Company had pro forma 1998 revenues of approximately $24 million."

Factual Data Corp. is a Loveland, Colorado, based information services provider to the mortgage and consumer lending industries, employers, landlords and other business customers located throughout the United States. The Company markets its services nationally through seven corporate owned locations, 25 franchisees and 29 licensees. The Company is in the process of implementing a consolidation plan in the mortgage credit reporting business. Factual Data's initial public offering took place in May 1998 and its common stock and warrants trade on the Nasdaq SmallCap Market under the symbols FDCC and FDCCW.

CIVC Partners is a $500 million private equity fund whose sole limited partner is Bank of America. CIVC Partners, with 30 years of experience in private equity investing, provides growth capital to middle market companies with a focus on business services, financial services, communications and industrial growth.

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