CCC Information Services Group Inc. Secures Funding from Capricorn Investors III, L.P.

    CHICAGO--Feb. 23, 2001--CCC Information Services Group Inc. , through its wholly-owned subsidiary CCC Information Services Inc., a leading provider of business solutions to the automobile claims industry, today announced that it completed the previously announced sale to Capricorn Investors III, L.P., one of its existing major shareholders, of $15 million of Trust Preferred securities and warrants for 1.2 million shares of CCCG common stock with an exercise price of $10 per share.
    "We are pleased to have supplemented the strong cash flow generated by our core CCC U.S. business with an additional $15 million of funding," said Githesh Ramamurthy, Chairman and CEO of CCC Information Services Inc. "This funding will be instrumental in helping to expand CCC's position as a top quality technology and service provider for 2001 and beyond."

    About CCC

    CCC Information Services Inc., a wholly owned subsidiary of CCC Information Services Group , headquartered in Chicago, IL, is a leading supplier of advanced software and communications systems to the automotive claims industry, including information and network services for a wide variety of claims management solutions. Its value-added, technology-based products and services increase efficiency and facilitate communication among more than 14,000 collision repair facilities, 350 insurance companies, and a range of industry participants. For more information about CCC Information Services, visit our Web site at www.cccis.com; or contact Susan Jablonski at CCC Information Services Inc., 312-229-2830; or contact Rich Ringer at HLB Communications, 312-649-0371.