Fidelity National Financial Announces FNFV Group Intends to Distribute shares of J. Alexander's Common Shares Tax-Free to Holders

Fidelity National Financial, Inc. today announced that FNFV Group

, a tracking stock established to highlight the inherent value of the portfolio companies of Fidelity National Financial, Inc., intends to distribute shares of J. Alexander's Holdings, Inc. ("J. Alexander's") common stock to FNFV shareholders in a tax-free distribution. FNFV expects there to be approximately 13,116,749 shares of J. Alexander's common stock included in the distribution, or approximately 87.4% of the outstanding shares of J. Alexander's common stock. FNFV expects to have approximately 75,945,382 shares of its common stock outstanding at the time of the distribution. Under the distribution plan, FNFV shareholders will receive approximately 0.17271 shares of J. Alexander's common stock for each share of FNFV common stock that they own. The distribution is expected to be made on September 28, 2015, to FNFV shareholders as of the record date, which is expected to be at the close of business on September 22, 2015. J. Alexander's is expected to begin trading on the NYSE on September 29, 2015, under the trading symbol "JAX". The completion of the distribution of J. Alexander's common stock to FNFV shareholders is conditioned on the satisfaction of the conditions described in the Form 10 General Form for Registration of Securities. The Fidelity National Financial, Inc. Board of Directors has reserved the right to withdraw or change the declaration of the distribution at any time prior to the distribution. The distribution of J. Alexander's common stock is expected to generally be tax-free to FNFV shareholders for U.S. federal income tax purposes, except to the extent of any cash received in lieu of J. Alexander's fractional shares. No action or payment is required by FNFV stockholders in order to receive the shares of J. Alexander's common stock. Stockholders who hold FNFV common stock on the record date and through the distribution date will receive a book-entry account statement reflecting their ownership of J. Alexander's common stock or their brokerage account will be credited with the J. Alexander's shares. Investors are encouraged to consult with their financial advisors regarding the specific implications of buying or selling FNFV common stock on or before the distribution date.