Document:

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                          REGISTRATION RIGHTS AGREEMENT

                          Dated as of February 23, 2001

                                     between

                       CCC INFORMATION SERVICES GROUP INC.

                                       and

                          CAPRICORN INVESTORS III, L.P.

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                                TABLE OF CONTENTS

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ARTICLE I REGISTRATION RIGHTS..................................................1

      Section 1.1  Demand Registration.........................................1

      Section 1.2  Piggyback Rights............................................4

      Section 1.3  Lock-Up Agreements..........................................5

      Section 1.4  Registration Procedures.....................................5

      Section 1.5  Suspension of Dispositions..................................8

      Section 1.6  Registration Expenses.......................................8

      Section 1.7  Indemnification.............................................9

      Section 1.8  Reliance on Rule 144.......................................11

      Section 1.9  Information by Holder......................................11

ARTICLE II MISCELLANEOUS......................................................11

      Section 2.1  Notices....................................................11

      Section 2.2  Entire Agreement...........................................12

      Section 2.3  Non-Waiver.................................................12

      Section 2.4  Transferees................................................12

      Section 2.5  No Superior Registration Rights............................13

      Section 2.6  Severability...............................................13

      Section 2.7  Governing Law..............................................13

      Section 2.8  Construction...............................................13

      Section 2.9  Counterparts...............................................13

      Section 2.10 Amendments.................................................13

      Section 2.11 Aggregation of Shares......................................13

      Section 2.12 Definitions................................................14
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                          REGISTRATION RIGHTS AGREEMENT

      THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is entered into and
effective as of February 23, 2001, between CCC Information Services Group Inc.,
a Delaware corporation (the "Company"), and Capricorn Investors III, L.P. and
any direct or indirect transferees of Capricorn Investors III, L.P. who become
parties to this Agreement in accordance with the provisions of Section 2.4
hereof.

      WHEREAS, the parties hereto desire to enter into this Agreement on the
terms set forth herein; and

      WHEREAS, capitalized terms used herein but not otherwise defined herein
shall have the respective meanings indicated in Section 2.12 hereof.

      In consideration of the premises, mutual covenants and agreements
hereinafter contained and for other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties hereto agree as
follows:

                                   ARTICLE I

                               REGISTRATION RIGHTS

      Section 1.1 Demand Registration.

            (a) Request for Registration.

            (i) At any time after the first anniversary of the date hereof, a
      Holder or Holders, who collectively own at least fifty percent (50%) of
      the Registrable Shares held by all Holders (the "Requesting Holders"), may
      request the Company, in writing (a "Demand Request"), to effect the
      registration under the Securities Act of all or part of its or their
      Registrable Shares (a "Demand Registration"); provided, however, that the
      aggregate market value (based on the current market price of the Common
      Stock on the date the Company receives the Demand Request) of the
      Registrable Shares to which such Demand Request relates must be at least
      $5,000,000; provided, further, that Holders may make only one such Demand
      Request in any six month period.

            (ii) The Company shall effect such Demand Registration on Form S-3
      promulgated under the Securities Act or any successor form thereto;
      provided, however, that, if at any time, the Company is not eligible to
      register securities on Form S-3 or such successor form, such Requesting
      Holder shall have the right to require the Company to effect the proposed
      Demand Registration on Form S-1 promulgated under the Securities Act or
      any successor form thereto.

            (iii) Each Demand Request shall specify the number of Registrable
      Shares proposed to be sold. If the Requesting Holders intend to distribute
      the Registrable Shares covered by their request by means of an

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      underwritten offering, they shall so advise the Company as part of their
      Demand Request, and the right of any Holder or Permitted Third-Party
      Holder to include Registrable Shares in such registration shall be
      conditioned upon such Holder's participation in such underwriting and the
      inclusion of such Holder's or Permitted Third-Party Holder's Registrable
      Shares in the underwriting. All Holders and Permitted Third-Party Holders
      proposing to distribute their securities through such underwriting shall
      enter into an underwriting agreement in customary form with the
      underwriter or underwriters selected for such underwriting in accordance
      with Section 1.1(c).

            (iv) Subject to Section 1.1(f), the Company shall file the Demand
      Registration within ninety (90) days after receiving a Demand Request (the
      "Required Filing Date") and shall use its reasonable best efforts to cause
      the same to be declared effective by the SEC as promptly as reasonably
      practicable after such filing; provided, however, that the Company need
      effect only an aggregate of three (3) Demand Registrations pursuant to
      Demand Requests made pursuant to this Section 1.1(a) only one (1) of which
      is required to be an underwritten offering; and provided further, that if
      the Company is not eligible to register securities on Form S-3 or any
      successor form thereto, the Company need only affect an aggregate of two
      (2) Demand Registrations on Form S-1 or any successor form thereto
      pursuant to Demand Requests made pursuant to this Section 1.1(a) only one
      (1) of which is required to be an underwritten offering. The Company shall
      not be required to effect a registration pursuant to Section 1.1(a) in any
      particular jurisdiction in which the Company would be required to execute
      a general consent to service of process in effecting such registration,
      unless the Company is already subject to service in such jurisdiction and
      except as may be required under the Securities Act.

      (b) Effective Registration and Expenses. A registration will not count as
a Demand Registration until it has become effective unless the Requesting
Holders holding a majority of the Registrable Shares held by Requesting Holders
for which registration was previously requested withdraw their Demand Request
and the Company has performed its obligations hereunder in all material
respects, in which case such registration will count as a Demand Registration
unless either (i) the Requesting Holders pay all Registration Expenses in
connection with such withdrawn registration or (ii) the Requesting Holders
withrew such Registrable Shares pursuant to the second sentence of Section
1.1(d); provided, that if, after it has become effective, an offering of
Registrable Shares pursuant to a registration is interfered with by any stop
order, injunction or other order or requirement of the SEC or other governmental
agency or court, such registration will be deemed not to have been effected and
will not count as a Demand Registration.

      (c) Selection of Underwriters. Subject to the limitations of Section
1.1(a)(iv), the Requesting Holders holding a majority of the Registrable Shares
held by the Requesting Holders to be registered in a Demand Registration shall
select a nationally recognized investment banking firm or firms to manage the
underwritten offering;

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provided, however, that such selection shall be subject to the consent of the
Company, which consent shall not be unreasonably withheld or delayed.

      (d) Priority on Demand Registrations. No securities to be sold for the
account of any Person (including the Company) other than the Requesting Holders
shall be included in a Demand Registration unless the managing underwriter or
underwriters shall advise the Company and the Requesting Holders in writing that
the inclusion of such securities will not materially and adversely affect the
price or success of the offering (a "Material Adverse Effect"). Furthermore, in
the event the managing underwriter or underwriters shall advise the Company and
the Requesting Holders that even after exclusion of all securities of other
Persons pursuant to the immediately preceding sentence, the amount of
Registrable Shares proposed to be included in such Demand Registration by the
Requesting Holders is sufficiently large to cause a Material Adverse Effect, the
Requesting Holders holding a majority of the Registrable Shares held by the
Requesting Holders for which registration was previously requested may withdraw
their Demand Request by giving notice to the Company, and if withdrawn, the
Demand Request shall be deemed not to have been made for purposes of this
Section 1.1. If such Requesting Holders do not withdraw such Demand Request, the
Registrable Shares of the Requesting Holders to be included in such Demand
Registration shall equal the number of shares which the Company is so advised
can be sold in such offering without a Material Adverse Effect, and such shares
shall be allocated pro rata among the Requesting Holders on the basis of the
number of Registrable Shares requested to be included in such Demand
Registration by each such Requesting Holder.

      (e) Rights of Nonrequesting Owners. Upon receipt of any Demand Request,
the Company shall promptly (but in any event within ten (10) Business Days) give
written notice of such proposed Demand Registration to all other Holders of
Registrable Shares and to all Permitted Third-Party Holders, who shall have the
right, exercisable by written notice to the Company within twenty (20) days of
their receipt of the Company's notice, to elect to include in such Demand
Registration such portion of their Registrable Shares as they may request.

      (f) Deferral of Filing. The Company may defer the filing (but not the
preparation) of a registration statement required by this Section 1.1 until a
date not later than ninety (90) days after the Required Filing Date (or, if
applicable, one hundred eighty (180) days after the effective date of the
registration statement contemplated by clause (ii) below) if (i) at the time the
Company receives the Demand Request, the Company or any of its subsidiaries is
engaged in confidential negotiations or other confidential business activities,
disclosure of which would be required in such registration statement (but would
not be required if such registration statement were not filed), and the Board of
Directors of the Company determines in good faith that such disclosure would be
seriously detrimental to the Company and its stockholders or would have a
material adverse effect on any such confidential negotiations or other
confidential business activities; (ii) prior to receiving the Demand Request,
the Board of Directors of the Company had determined to effect a registered
underwritten public offering of the Company's securities for the Company's
account, and the Company has taken substantial

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steps and is proceeding with reasonable diligence to effect such offering or the
Company has already effected a registered public offering within the previous
one hundred eighty (180) days; or (iii) in the good faith judgment of the Board
of Directors of the Company, it would be seriously detrimental to the Company
and its stockholders for such registration statement to be effected at such
time. A deferral of the filing of a registration statement pursuant to this
Section 1.1(f) shall be lifted and the requested registration statement shall be
filed as promptly as reasonably practicable, if, in the case of a deferral
pursuant to clause (i) of the preceding sentence, the negotiations or other
activities are disclosed or terminated, or, in the case of a deferral pursuant
to clause (ii) of the preceding sentence, the proposed registration for the
Company's account is abandoned. In order to defer the filing of a registration
statement pursuant to this Section 1.1(f), the Company shall promptly (but in
any event within ten (10) Business Days), upon determining to seek such
deferral, deliver to each Requesting Holder, if applicable, a certificate signed
by an executive officer of the Company stating that the Company is deferring
such filing pursuant to this Section 1.1(f) and a general statement of the
reason for such deferral and an approximation of the anticipated delay. Within
twenty (20) days after receiving such certificate, the Requesting Holders
holding a majority of the Registrable Shares held by the Requesting Holders for
which registration was previously requested may withdraw such Demand Request by
giving notice to the Company; and if withdrawn, the Demand Request shall be
deemed not to have been made for all purposes of this Section 1.1. The Company
may defer the filing of a particular registration statement pursuant to this
Section 1.1(f) only twice in any twelve (12) month period.

      Section 1.2 Piggyback Rights (a) Right to Piggyback. Each time the Company
proposes to register any of its Common Stock under the Securities Act (other
than pursuant to an Excluded Registration) for sale to the public and the
registration form to be used may be used for the registration of Registrable
Shares, the Company shall give prompt written notice to the Holders of its
intention to effect such a registration (which notice shall be given not less
than fifteen (15) days prior to the effective date of such registration
statement) and such notice shall offer such Holders the opportunity to have any
or all of the Registrable Shares included in such registration statement,
subject to the limitations contained in Section 1.2(b). The Holders desiring to
have their Registrable Shares registered under this Section 1.2 will so advise
the Company in writing within seven (7) days after the date of receipt of such
notice from the Company. Subject to Section 1.2(b) below, the Company shall
include in such registration statement all such Registrable Shares so requested
to be included therein; provided, however, that the Company may at any time
withdraw or cease proceeding with any such registration if it shall at the same
time withdraw or cease proceeding with the registration of all other Common
Stock originally proposed to be registered.

      (b) Priority on Registrations. If the managing underwriter advises the
Company in writing that the number of Shares requested to be included in the
registration by all Persons (including the Company) exceeds the number of Shares
which can be sold in such offering without having a Material Adverse Effect on
such offering, including, without limitation, the price at which such securities
can be sold (the "Maximum Offering Size"), the Company will be obligated to
include in such registration only (i)

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first, (x) if such registration was initiated by the Company for the sale of
Shares for its own account, any and all Shares for sale by the Company, or (y)
if such registration was initiated by any Holder or Holders pursuant to any
Demand Request, any and all Shares for sale by the Requesting Holders pursuant
to such Demand Request, (ii) second, if such registration was not initiated by
the Company for the sale of Shares for its own account, to the extent of any
remaining Shares which may be sold in such offering, without exceeding the
Maximum Offering Size, any Shares for sale by the Company, (iii) third, to the
extent of any remaining Shares which may be sold in such offering without
exceeding the Maximum Offering Size, each other Holder and Permitted Third-Party
Holder shall be entitled to include any and all Shares held by such holders in
the registration (pro rata based on the total number of such Shares requested to
be included in such registration by each such holder), and (iv) fourth, to the
extent of any remaining Shares which may be sold in such offering without
exceeding the Maximum Offering Size, pro rata among any other Shares requested
to be included pursuant to any other registration rights, except for those of
Permitted Third Party Holders, that may have been, or may hereafter be, granted
by the Company (on the basis of the total number of Shares that each holder
requests to be included in such registration). No Person may participate in any
registration under this Section 1.2 unless such Person (x) agrees to sell such
Person's Shares on the basis provided in any underwriting arrangements approved
by the Company and (y) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents required
under the terms of such underwriting arrangements.

      Section 1.3 Lock-Up Agreements. Each Holder of Registrable Shares agrees
that it will not, to the extent requested by the Company and the managing
underwriter or underwriters, sell or otherwise dispose of any Shares or Common
Stock Equivalents, including, but not limited to, any sale pursuant to Rule 144
of the Securities Act, during a period specified by the Company and such
underwriter or underwriters (not to exceed one hundred eighty (180) days after
the effective date of any underwritten public offering of securities of the
Company registered under the Securities Act), except in conjunction with such
underwritten offering, provided that each executive officer and director of the
Company holding Shares or Common Stock Equivalents shall enter into similar
agreements that are no more favorable to such executive officers and directors
than those executed by the Holders of Registrable Shares. Notwithstanding the
foregoing, in the event that the Company or the underwriter releases any such
executive officer or director or any other Holder of Registrable Shares (the
"Released Holder") from the requirements of the foregoing provisions, each
Holder shall be entitled to a corresponding pro rata release from such
provisions.

      Section 1.4 Registration Procedures. Whenever the Holders have requested
that any Registrable Shares be registered pursuant to a Demand Registration, the
Company will use its commercially reasonable efforts to effect the registration
and the sale of such securities covered by such registration in accordance with
the intended method of disposition thereof, and pursuant thereto the Company
will as expeditiously as possible:

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            (a) prepare and file with the SEC a registration statement on any
appropriate form under the Securities Act with respect to such securities
covered by such registration and use its commercially reasonable efforts to
cause such registration statement to become effective;

            (b) prepare and file with the SEC such amendments, post-effective
amendments and supplements to such registration statement and the prospectus
used in connection therewith as may be necessary to keep such registration
statement effective for a period of not less than one year (or, in the case of
an underwritten offering, such lesser period as is necessary for the
underwriters to sell unsold allotments) and comply with the provisions of the
Securities Act with respect to the disposition of all securities covered by such
registration statement during such period in accordance with the intended
methods of disposition by the sellers thereof set forth in such registration
statement;

            (c) modify, at the reasonable request of any seller of securities
covered by such registration, any information contained in such registration
statement, amendment and supplement thereto pertaining to such seller if such
modification would be required in order that the prospectus not contain an
untrue statement of a material fact or omit to state any material fact required
to be stated therein or necessary to make the statements therein not misleading;

            (d) furnish to each seller of securities covered by such
registration and the underwriters of the securities being registered such number
of copies of such registration statement, each amendment and supplement thereto,
the prospectus included in such registration statement (including each
preliminary prospectus), and such other documents as such seller or underwriters
may reasonably request in order to facilitate the disposition of the securities
covered by such registration owned by such seller or the sale of such securities
by such underwriters;

            (e) use its commercially reasonable efforts to register or qualify
such securities covered by such registration under such other securities or blue
sky laws of such jurisdictions as the managing underwriter reasonably requests
and do any and all other acts and things which may be reasonably necessary or
advisable to enable such seller to consummate the disposition of the securities
covered by such registration owned by such seller in such jurisdictions
(provided, however, that the Company will not be required to (A) qualify
generally to do business in any jurisdiction where it would not otherwise be
required to qualify but for this subparagraph or (B) consent to general service
of process or taxation in any such jurisdiction);

            (f) notify each seller of securities covered by such registration
promptly of any request by the SEC for the amending or supplementing of such
registration statement or prospectus or for additional information or, at any
time when a prospectus relating thereto is required to be delivered under the
Securities Act, of the occurrence of any other event requiring the preparation
of a supplement or amendment to such prospectus so that, as thereafter delivered
to the purchasers of such securities covered by such registration, such
prospectus will not contain an untrue statement of a

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material fact or omit to state any material fact required to be stated therein
or necessary to make the statements therein not misleading;

            (g) prepare and file with the SEC promptly any amendments or
supplements to such registration statement or prospectus which, in the opinion
of counsel for the Company, is required in connection with the distribution of
the securities covered by such registration;

            (h) in connection with any underwritten public offering, enter into
such agreements (including underwriting agreements in the managing underwriter's
customary form) as are customary in connection with an underwritten
registration;

            (i) advise each seller of such securities covered by such
registration, promptly after it shall receive notice or obtain knowledge
thereof, of the issuance of any stop order by the SEC suspending the
effectiveness of such registration statement or the initiation or threatening of
any proceeding for such purpose and promptly use its best efforts to prevent the
issuance of any stop order or to obtain its withdrawal if such stop order should
be issued;

            (j) cause all such securities covered by such registration pursuant
hereto to be listed on each securities exchange on which similar securities
issued by the Company are then listed;

            (k) cooperate with the sellers of securities covered by such
registration, the underwriters participating in the offering and their counsel
in any due diligence investigation reasonably requested by the sellers of
securities covered by such registration or the underwriters in connection
therewith, and participate, to the extent reasonably requested by the managing
underwriter for the offering or the sellers of securities covered by such
registration, in efforts to sell the securities under the offering (including,
without limitation, participating in "roadshow" meetings with prospective
investors) that would be customary for underwritten secondary offerings of a
comparable amount of equity securities;

            (l) furnish to each seller of securities covered by such
registration who so requests and the underwriters of the securities being
registered legal opinions of the Company's counsel in customary form; and

            (m) in connection with any underwritten public offering, obtain a
comfort letter from the Company's independent public accountants in customary
form.

      Section 1.5 Suspension of Dispositions. Each Holder agrees by acquisition
of any Registrable Shares, that, upon receipt of any notice (a "Suspension
Notice") from the Company of the happening of any event of the kind which, in
the opinion of the Company, requires the amendment or supplement of any
prospectus, such Holder will forthwith discontinue disposition of Registrable
Shares until such Holder's receipt of the copies of the supplemented or amended
prospectus or until it is advised in writing (the "Advice") by the Company that
the use of the prospectus may be resumed, and has

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received copies of any additional or supplemental filings which are incorporated
by reference in the prospectus, and, if so directed by the Company, such Holder
will deliver to the Company all copies, other than permanent file copies then in
such Holder's possession, of the prospectus covering such Registrable Shares,
current at the time of receipt of the Suspension Notice. In the event the
Company shall give any such notice, the time period regarding the effectiveness
of registration statements set forth in Section 1.4(b) hereof shall be extended
by the number of days during the period from and including the date of the
giving of the Suspension Notice to and including the date when each seller of
Registrable Shares covered by such registration statement shall have received
the copies of the supplemented or amended prospectus or the Advice.

      Section 1.6 Registration Expenses. All expenses incident to the Company's
performance of or compliance with this Agreement, including, without limitation,
all registration and filing fees, all fees and expenses associated with filings
required to be made with the National Association of Securities Dealers, Inc.
("NASD") (including, if applicable, the fees and expenses of any "qualified
independent underwriter," as such term is defined in Schedule E of the By-Laws
of the NASD, and of its counsel), as may be required by the rules and
regulations of the NASD, fees and expenses of compliance with securities or
"blue sky" laws (including reasonable fees and disbursements of counsel in
connection with "blue sky" qualifications of the Registrable Shares), internal
expenses of the Company, rating agency fees, printing expenses (including
expenses of printing certificates for the Registrable Shares in a form eligible
for deposit with Depositary Trust Company and of printing prospectuses if the
printing of prospectuses is requested by Requesting Holders holding a majority
of the Registrable Shares held by the Requesting Holders and included in the
registration), messenger and delivery expenses, fees and expenses of counsel for
the Company and its independent certified public accountants (including the
expenses of any special audit or "cold comfort" letters required by or incident
to such performance), securities acts liability insurance (if the Company elects
to obtain such insurance), the fees and expenses of any special experts retained
by the Company in connection with such registration, reasonable and customary
fees and expenses of up to one counsel for the Holders participating in the
offering, and fees and expenses of other Persons retained by the Company (all
such expenses being herein called "Registration Expenses") will be borne by the
Company whether or not any registration statement becomes effective; provided,
that in no event shall Registration Expenses include any underwriting discounts
or commissions attributable to the sale of the Registrable Shares or fees and
expenses of any counsel (other than as permitted above), accountants or other
persons retained or employed by the Holders.

      Section 1.7 Indemnification. (a) The Company agrees to indemnify and
reimburse, to the fullest extent permitted by law, each seller of Registrable
Shares, and each of its employees, advisors, agents, representatives, general
partners, limited partners, officers and directors and each Person who controls
such seller (within the meaning of the Securities Act or the Exchange Act)
(collectively, the "Seller Affiliates") against all losses, claims, damages,
liabilities, costs and expenses, joint or several (including, without
limitation, reasonable fees and disbursements of legal counsel and other agents
except as limited by subparagraph (c) below) (collectively, "Damages") as may be

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reasonably incurred in investigating, preparing or defending against any
litigation, investigation or proceeding by any governmental agency or body,
commenced or threatened, or any claim whatsoever arising out of or caused by any
untrue or alleged untrue statement of a material fact contained in any
registration statement, prospectus or preliminary prospectus or any amendment
thereof or supplement thereto or any omission or alleged omission of a material
fact required to be stated therein or necessary to make the statements therein
not misleading, or arising out of or caused by any violation by the Company of
any securities or blue sky laws of any jurisdiction; except insofar as the same
are made in reliance upon and in strict conformity with information furnished in
writing to the Company by such seller or any Seller Affiliate specifically for
use therein or by such seller or any Seller Affiliate's failure to deliver a
copy of the registration statement or prospectus or any amendments or
supplements thereto after the Company has furnished such seller or Seller
Affiliate with a sufficient number of copies of the same.

            (b) In connection with any registration statement in which a seller
of Registrable Shares is participating, each such seller will indemnify the
Company, its directors, officers and other security holders, including, without
limitation, each Person who controls the Company (within the meaning of the
Securities Act), against any Damages as may be reasonably incurred in
investigating, preparing or defending against any litigation, investigation or
proceeding by any governmental agency or body, commenced or threatened, or any
claim whatsoever arising out of or caused by any untrue statement or alleged
untrue statement of a material fact contained in the registration statement,
prospectus or preliminary prospectus or any amendment thereof or supplement
thereto or any omission or alleged omission of a material fact required to be
stated therein or necessary to make the statements therein not misleading, but
only to the extent that such untrue statement or alleged untrue statement, or
omission or alleged omission, is contained in any information or affidavit so
furnished in writing by such seller or any of its Seller Affiliates specifically
for use therein; provided that the obligation to indemnify will be several, not
joint and several, among such sellers of Registrable Shares, and the liability
of each such seller of Registrable Shares will be limited to the amount by which
the proceeds, net of underwriting discounts and commissions but not expenses,
received by such seller from the sale of Registrable Shares pursuant to such
registration statement exceed the amount of any damages that such seller has
otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission.

            (c) Any Person entitled to indemnification hereunder will (A) give
prompt written notice to the indemnifying party of any claim with respect to
which it seeks indemnification (provided that the failure to give such notice
shall not relieve the indemnifying party of its obligations under this
Agreement, except to the extent that the indemnifying party's ability to defend
against such claim or litigation is impaired as a result of such failure to give
notice) and (B) unless in such indemnified party's reasonable judgment a
conflict of interest between such indemnified and indemnifying parties may exist
with respect to such claim, permit such indemnifying party to assume the defense
of such claim with legal counsel reasonably satisfactory to the indemnified
party; provided, however, that any Person entitled to indemnification hereunder
shall have the right to employ separate legal counsel and to participate in the
defense of such claim, but the fees and expenses of such legal counsel shall be
at the expense of such Person unless (X) the indemnifying party has agreed to
pay such fees or expenses, (Y) the indemnifying party shall have failed to
assume (or shall not be permitted to assume such defense pursuant to clause (B)
above) the defense of such claim and employ legal counsel reasonably
satisfactory to such Person or (Z) such Person shall have been advised by
counsel that there may be legal defenses available to it or them which are
different from or additional to those available to the indemnifying parties. If
such defense is assumed, the indemnifying party will not be subject to any
liability for any settlement made by the indemnified party without its consent
(but such consent will not be unreasonably withheld); provided,

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however, that the withholding of consent to any settlement by any indemnified
party will not be deemed to be unreasonable if such settlement does not contain
an unconditional release of such indemnified party from each Person asserting
any claim. An indemnifying party who is not entitled to, or elects not to,
assume the defense of a claim will not be obligated to pay the fees and expenses
of more than one legal counsel for all parties indemnified by such indemnifying
party with respect to such claim (and one local counsel in each jurisdiction
where engagement of local counsel is necessary to defend such claim), unless in
the reasonable judgment of any indemnified party, a conflict of interest may
exist between such indemnified party and any other of such indemnified parties
with respect to such claim.

            (d) Each party hereto agrees that, if for any reason the
indemnification provisions contemplated by Section 1.7(a) or Section 1.7(b) are
unavailable or insufficient (other than in accordance with the terms thereof) to
hold harmless an indemnified party in respect of any losses, claims, damages,
liabilities or expenses (or actions in respect thereof) referred to therein,
then each indemnifying party shall contribute to the amount paid or payable by
such indemnified party as a result of such losses, claims, liabilities or
expenses (or actions in respect thereof) in such proportion as is appropriate to
reflect the relative fault of the indemnifying party and the indemnified party
as well as any other relevant equitable considerations. The relative fault of
such indemnifying party and indemnified party shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact relates
to information supplied by such indemnifying party or indemnified party, and the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. The parties hereto agree that it
would not be just and equitable if contribution pursuant to this Section 1.7(d)
were determined by pro rata allocation (even if the Holders or any underwriters
or all of them were treated as one entity for such purpose) or by any other
method of allocation which does not take account of the equitable considerations
referred to in this Section 1.7(d). The amount paid or payable by an indemnified
party as result of the losses, claims, damages, liabilities or expenses (or
actions in respect thereof) referred to above shall be deemed to include any
legal or other fees or expenses reasonably incurred by such indemnified party in
connection with investigating or, except as provided in Section 1.7(c),
defending any such action or claim. Notwithstanding the provisions of this
Section 1.7(d), no Holder shall be required to contribute an amount

                                       10
<PAGE>

greater than the proceeds , net of underwriting discounts and commissions but
not expenses, received by such Holder with respect to the sale of any
Registrable Shares. Notwithstanding anything to the contrary herein, no person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to contribution from any person who was
not guilty of such fraudulent misrepresentation. The Holders' obligations in
this Section 1.7(d) to contribute shall be several and not joint.

      Section 1.8 Reliance on Rule 144. If any proposed sale of Registrable
Shares may be effected by the Holders thereof pursuant to Rule 144(k) without
any Material Adverse Effect on the proposed sale, including, without limitation,
the contemplated price at which such securities can be sold, then the Holders
covenant to rely upon Rule 144(k) in the sale thereof in lieu of requesting a
Demand Registration. Notwithstanding the foregoing, the Holders shall not be
obligated to take any action so that they may become eligible to use or rely
upon Rule 144(k) in connection with any sale or distribution.

      Section 1.9 Information by Holder. The Holder or Holders of Registrable
Shares included in any registration shall furnish to the Company such
information regarding such Holder or Holders and the distribution proposed by
such Holder or Holders as the Company may request in writing and as shall be
required in connection with any registration, qualification or compliance
referred to in this Agreement.

                                   ARTICLE II

                                  MISCELLANEOUS

      Section 2.1 Notices. Any notice or request specifically provided for or
permitted to be given under this Agreement must be in writing. Notice may be
served in any manner, including by facsimile or nationally recognized overnight
courier service, but shall be deemed delivered and effective as of the time of
actual delivery thereof to the addressee. For purposes of notice, the addresses
of the parties shall be as follows:

      if to the Company, to

            CCC Information Services Group Inc.
            World Trade Center Chicago
            444 Merchandise Mart
            Chicago, Illinois 60654
            Attention:  Githesh Ramamurthy
            Telecopier:  (312) 527-1194

      with a copy to (which shall not constitute notice):

            Skadden, Arps, Slate, Meagher & Flom (Illinois)
            333 West Wacker Drive
            Chicago, Illinois 60606

                                       11
<PAGE>

            Attention:  Peter C. Krupp
            Telecopier:  (312) 407-0411

      If to any Holder, at its address listed on the signature pages hereof.

Each party named above may change its address and that of its representative for
notice by the giving of notice thereof in the manner hereinabove provided.

      Section 2.2 Entire Agreement. This Agreement sets forth the entire
understanding of the parties with respect to the subject matter of this
Agreement. There are no representations, promises, warranties, covenants or
undertakings other than those expressly set forth or provided for herein or
therein.

      Section 2.3 Non-Waiver. The failure of any party to insist upon strict
performance of any provision hereof shall not constitute a waiver of, or
estoppel against asserting, the right to require such performance in the future,
nor shall a waiver or estoppel with respect to a later breach of a similar
nature or otherwise.

      Section 2.4 Transferees. Other than in the case of transfers to the public
pursuant to an effective Registration Statement or sales to the public pursuant
to Rule 144 promulgated under the Securities Act, each Holder may (but shall not
be required to) cause any proposed transferee of the Warrant or any interest
therein or Shares issued upon exercise of the Warrant or any interest therein
held by him or it to agree, by execution of a counterpart signature page hereto,
to take and hold such Warrant or interest therein or such Shares issued upon
exercise of the Warrant or interest therein, as the case may be, subject to the
provisions and upon the conditions specified in this Agreement and to become a
party to this Agreement.

      Section 2.5 No Superior Registration Rights. Without the written consent
of the Holders holding the Warrant and any Shares issued upon exercise thereof,
the Company will not grant any registration rights to any Person that are
superior in any respect to those granted hereunder; provided, however, that this
restriction shall not limit registration rights granted to the Company's
customers with respect to an aggregate of 500,000 Shares (as adjusted for stock
splits, stock dividends or the like).

      Section 2.6 Severability. If any provision of this Agreement is held
invalid, such invalidity shall not affect the other provisions hereof which can
be given effect without the invalid provision, and to this end the provisions of
this Agreement are intended to be and shall be deemed severable.

      Section 2.7 Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware without regard to
its provisions concerning conflicts of law.

      Section 2.8 Construction. The headings in this Agreement are inserted for
convenience and identification only and are not intended to describe, interpret,
define or limit the scope, extent or intent of this Agreement or any provision
hereof. Whenever the

                                       12
<PAGE>

context requires, the gender of all words used in this Agreement shall include
the masculine, feminine and neuter, and the number of all words shall include
the singular and the plural.

      Section 2.9 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original but all of which
together shall constitute one and the same agreement.

      Section 2.10 Amendments. Any provision of this Agreement may be amended or
waived if, but only if, such amendment or waiver is in writing and is signed by
the Company and the Holders holding at least a majority of the Registrable
Shares held by all Holders.

      Section 2.11 Aggregation of Shares. All shares held or acquired by
affiliated entities or persons shall be aggregated together for the purpose of
determining the availability of any rights under this Agreement.

      Section 2.12 Definitions.

"Advice" shall have the meaning assigned in Section 1.5.

"Affiliate" shall mean, with respect to a specified Person, a Person that
directly, or indirectly through one or more intermediaries, controls or is
controlled by, or is under common control with, the Person specified. The term
"control" (including the terms "controlling," "controlled by" or "under common
control with") for purposes of this definition shall mean the possession, direct
or indirect, of the power to direct or cause the direction of the management and
policies of a Person, whether through the ownership of voting securities, by
contract, or otherwise.

"Business Day" shall mean a day on which federally chartered banks located in
New York City are not required or authorized to close and not be open for
business (other than a Saturday or Sunday) under the Legal Requirements of the
United States.

"Common Stock" shall mean the common stock, par value $.10 per share, of the
Company.

"Common Stock Equivalent" shall mean (without duplication with any other Common
Stock or Common Stock Equivalent) rights, warrants, options, convertible
securities or convertible indebtedness, exchangeable securities or exchangeable
indebtedness, or other rights, exercisable for or convertible or exchangeable
into, directly or indirectly, Common Stock, whether at the time or upon the
occurrence of some future event.

"Company" shall have the meaning assigned in the introductory paragraph hereof.

"Demand Registration" shall have the meaning assigned in Section 1.1(a).

"Demand Request" shall have the meaning assigned in Section 1.1(a).

                                       13
<PAGE>

"Excluded Registration" shall mean a registration under the Securities Act of
securities registered on Form S-4 or S-8 or any similar successor form.

"Holder" means (i) Capricorn Investors III, L.P. and (ii) any direct or indirect
transferee of Capricorn Investors III, L.P. who shall become a party to this
Agreement in accordance with Section 2.4.

"Legal Requirement" shall mean any and all applicable (a) federal, state or
local laws, rules, ordinances, codes and regulations, (b) judgments, orders,
writs, injunctions and decrees and (c) undertakings to or agreements with any
court or governmental agency.

"Material Adverse Effect" shall have the meaning assigned in Section 1.1(d).

"Maximum Offering Size" shall have the meaning assigned in Section 1.2(b).

"NASD" shall have the meaning assigned in Section 1.6.

"Permitted Third-Party Holder" shall mean any Person, other than the Holders of
Registrable Shares, who shall have been granted registration rights by the
Company that are pari passu with the registration rights granted to the Holders
pursuant to this Agreement and which registration rights (i) specifically permit
the Holders of Registrable Shares to participate in such Person's demand
registrations on a pari passu basis with such Person and (ii) were not granted
in violation of Section 2.5 of this Agreement.

"Person" shall mean a natural person, partnership (whether general or limited
and whether domestic or foreign), limited liability company, foreign limited
liability company, trust, estate, association, corporation, custodian, nominee
or any other individual or entity in its own or any representative capacity.

"Registrable Shares" means any Shares issued or issuable upon exercise of the
Warrant or any interest therein and Shares issued as a dividend or other
distribution with respect to any such Shares; provided, however, that
Registrable Shares shall not include any Shares (i) the sale of which has been
registered pursuant to the Securities Act and which Shares have been sold
pursuant to such registration or (ii) which have been sold to the public
pursuant to Rule 144(k) (or a successor rule or regulation), as promulgated
under the Securities Act.

"Registration Expenses" shall have the meaning assigned in Section 1.6.

"Released Holder" shall have the meaning assigned in Section 1.3.

"Requesting Holders" shall have the meaning assigned in Section 1.1(a).

"Required Filing Date" shall have the meaning assigned in Section 1.1(a).

"SEC" means the U.S. Securities and Exchange Commission.

"Securities Act" means the Securities Act of 1933, as amended.

                                       14
<PAGE>

"Seller Affiliates" shall have the meaning assigned in Section 1.7.

"Shares" shall mean the shares of Common Stock of the Company.

"Suspension Notice" shall have the meaning assigned in Section 1.5.

"Warrant" means the Warrant initially exercisable for an aggregate of 1,200,000
Shares, dated February 23, 2001, issued to Capricorn Investors III, L.P.

                [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

                                       15
<PAGE>

      IN WITNESS WHEREOF, the parties have hereunto executed this Registration
Rights Agreement as of the date first written above.

                                CCC INFORMATION SERVICES GROUP INC.

                                By: /s/ Reid E. Simpson
                                    -------------------------------------
                                Name: Reid E. Simpson
                                Title: Executive Vice President
                                       and Chief Financial Officer

                                CAPRICORN INVESTORS III, L.P.
                                By: Capricorn Holdings III, LLC,
                                    its General Partner

                                By: /s/ Herbert S. Winokur, Jr.
                                    -------------------------------------
                                Name: Herbert S. Winokur, Jr.
                                Title: Manager

                                Address:

                                30 East Elm Street
                                Greenwich, Connecticut 06830<PAGE>

      THIS WARRANT, AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT, HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR
THE APPLICABLE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE PLEDGED, SOLD,
ASSIGNED OR OTHERWISE TRANSFERRED UNLESS REGISTERED UNDER THE ACT AND UNDER
APPLICABLE STATE SECURITIES LAWS, OR UNLESS SUCH PLEDGE, SALE, ASSIGNMENT OR
TRANSFER IS EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND SUCH STATE
SECURITIES LAWS.

      THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT WILL BE SUBJECT TO THE
PROVISIONS OF A REGISTRATION RIGHTS AGREEMENT (THE "REGISTRATION RIGHTS
AGREEMENT") BETWEEN THE CORPORATION AND CAPRICORN INVESTORS III, L.P. COPIES OF
THE REGISTRATION RIGHTS AGREEMENT HAVE BEEN FILED WITH THE CORPORATION AT ITS
PRINCIPAL PLACE OF BUSINESS AND WILL BE FURNISHED BY THE CORPORATION TO THE
HOLDER OF THIS WARRANT WITHOUT CHARGE UPON WRITTEN REQUEST TO THE CORPORATION AT
ITS PRINCIPAL PLACE OF BUSINESS.

February 23, 2001                                   Void After February 23, 2006

                       CCC INFORMATION SERVICES GROUP INC.

                          Common Stock Purchase Warrant

      CCC Information Services Group Inc., a Delaware corporation (the
"Corporation"), hereby certifies that for value received Capricorn Investors
III, L.P. ("Capricorn"), or its assigns, is entitled to purchase, subject to the
terms and conditions hereinafter set forth, an aggregate of One Million Two
Hundred Thousand (1,200,000) shares (subject to adjustment as hereinafter
provided) of Common Stock, par value $.10 per share (the "Common Stock"), of the
Corporation at a purchase price of $10.00 per share (subject to adjustment as
set forth herein, the "Exercise Price"), payable as hereinafter provided.

      SECTION 1. Warrant Expiration Date. As used herein, the term "Warrant
Expiration Date" shall mean 5:00 p.m., Eastern Time, on February 23, 2006;
provided that if such date shall in the State of New York be a holiday or a day
on which banks are authorized to close, then 5:00 p.m., Eastern Time, on the
next following day which in the State of New York is not a holiday or a day on
which banks are authorized to close. Notwithstanding the foregoing, the
Corporation shall deliver notice to the registered holder of this Warrant, by
first class mail, postage prepaid, addressed to the registered holder at the
address of such registered holder as shown on the books of the Corporation, of
the expiration of this Warrant at least 20 business days prior to the Warrant
Expiration Date. If such notice is not given, the Warrant Expiration Date shall
be 20 business days after such notice is received by the registered holder.

      SECTION 2. Notice. In case at any time: (a) the Corporation shall pay any
dividend or make any distribution (other than regular cash dividends from
earnings or earned surplus paid at an established rate) to the holders of its
Common Stock; (b) the Corporation shall offer for

<PAGE>

subscription pro rata to the holders of its Common Stock any additional shares
of stock of any class or other rights; (c) there shall be any capital
reorganization or reclassification of the capital stock of the Corporation or
consolidation or merger of the Corporation with or sale of all or substantially
all of its assets to another corporation; (d) there shall be a voluntary,
involuntary or deemed dissolution, liquidation or winding-up of the Corporation;
or (e) the Corporation (or any subsidiary thereof) shall commence a tender offer
for all or a portion of the Corporation's outstanding shares of Common Stock;
then, in any one or more of such cases, the Corporation shall give written
notice, by first class mail, postage prepaid, addressed to the registered holder
of this Warrant at the address of such registered holder as shown on the books
of the Corporation of the date on which (i) the books of the Corporation shall
close or a record date shall be fixed for determining the stockholders entitled
to such dividend, distribution or subscription rights, or (ii) such
reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation, winding-up, conversion, redemption or other event shall take place,
as the case may be. Such notice shall also provide reasonable details of the
proposed transaction and specify the date as of which the holders of Common
Stock of record shall participate in such dividend, distribution or subscription
rights, or shall be entitled to exchange their Common Stock for securities or
other property deliverable upon such reorganization, reclassification,
consolidation, merger, sale, dissolution, liquidation, winding-up, conversion,
redemption, tender offer or other event, as the case may be. Such written notice
shall be given at least 10 business days prior to the action in question and not
less than 10 business days prior to the record date or the date on which the
Corporation's transfer books are closed in respect thereto.

      SECTION 3. Exercise.

      (a) Manner of Exercise. This Warrant may be exercised at any time or from
time to time, on any day which is not a Saturday, Sunday or holiday under the
laws of the State of New York, for all or any part of the number of shares of
Common Stock purchasable upon its exercise; provided, however, that this Warrant
shall be void and all rights represented hereby shall cease unless exercised
before the Warrant Expiration Date. In order to exercise this Warrant, in whole
or in part, the holder hereof shall deliver to the Corporation at its principal
place of business, or at such other office as the Corporation may designate by
notice in writing, (i) this Warrant and (ii) a written notice of such holder's
election to exercise this Warrant substantially in the form of Exhibit A
attached hereto and shall (i) pay to the Corporation by cashier's check made
payable to the order of the Corporation or wire transfer of funds to an account
designated by the Corporation an amount equal to the aggregate purchase price
for all shares of Common Stock as to which this Warrant is exercised or (ii)
tender Trust Preferred Securities of CCC Capital Trust, a Delaware business
trust, valued at the liquidation amount of such Trust Preferred Securities plus
accrued but unpaid distributions on such Trust Preferred Securities, having a
value equal to the aggregate purchase price for all shares of Common Stock as to
which this Warrant is exercised. In lieu of such exercise of this Warrant, the
holder may from time to time convert this Warrant, in whole or in part, into a
number of shares of Common Stock determined by dividing (a) the aggregate Fair
Market Value (as defined in Section 19 hereof) of the shares of Common Stock or
other securities otherwise issuable upon exercise of this Warrant minus the
aggregate Exercise Price as of the date of exercise by (b) the Fair Market Value
of one share of Common Stock.

                                       2
<PAGE>

      (b) Issuance of Common Stock. Upon receipt of the documents and payments
or shares described in Section 3(a), the Corporation shall, as promptly as
practicable, and in any event within 10 business days thereafter, execute or
cause to be executed, and deliver to such holder a certificate or certificates
representing the aggregate number of full shares of Common Stock issuable upon
such exercise, together with an amount in cash in lieu of any fraction of a
share, as hereinafter provided. The stock certificate or certificates so
delivered shall be in the denomination specified in said notice and shall be
registered in the name of the holder hereof. This Warrant shall be deemed to
have been exercised and a certificate or certificates for shares of Common Stock
shall be deemed to have been issued, and the holder hereof or any other person
so designated to be named therein shall be deemed to have become a holder of
record of such shares for all purposes as of the date said notice, together with
this Warrant and the documents and payments or shares described in Section 3(a),
is received by the Corporation as aforesaid. If this Warrant shall have been
exercised in part, the Corporation shall, at the time of delivery of said
certificate or certificates, deliver to the holder hereof a new Warrant
evidencing the rights of such holder to purchase the unpurchased shares of
Common Stock called for by this Warrant, which new Warrant shall in all other
respects be identical with this Warrant. The Corporation shall pay all expenses
and any and all United States Federal, state and local taxes and other charges
that may be payable in connection with the preparation, issue and delivery of
stock certificates under this Section 3, except that the Corporation shall not
be required to pay any tax which may be payable in respect of any transfer
involved in the issue and delivery of the shares of Common Stock issuable upon
exercise in a name other than that of the holder who shall have surrendered the
same in exercise of the subscription right evidenced thereby. The Corporation
covenants that all shares of Common Stock issued upon exercise of this Warrant
will, upon payment (or deemed payment in the case of cashless exercise) of the
Exercise Price, be duly authorized and validly issued, fully paid and
nonassessable, free of preemptive rights and, except for any tax payable by the
holder pursuant to the preceding sentence, free from all taxes, liens, charges
and security interests with respect to the issue thereof. The Corporation shall
from time to time take all action which may be necessary to obtain and keep
effective any and all permits, consents and approvals of governmental agencies
and authorities and securities act filings under federal and state laws which
may be or become required in connection with the issuance, sale, transfer and
delivery of this Warrant, the exercise of this Warrant, and the issuance, sale,
transfer and delivery of the shares of Common Stock issued upon exercise of this
Warrant.

      SECTION 4. Reservation of Shares; State Securities Laws.

      (a) The Corporation covenants that it will at all times until the Warrant
Expiration Date reserve and keep available, free of pre-emptive rights, out of
its authorized and unissued Common Stock, solely for the purpose of issue upon
exercise of this Warrant, such number of shares of Common Stock as shall then be
issuable upon the exercise of this Warrant.

      (b) If any securities to be reserved for the purpose of exercise of this
Warrant require approvals or registrations under applicable state "blue sky" or
federal securities laws, the Corporation will obtain such approvals or
registrations as may be appropriate.

      SECTION 5. Negotiability. This Warrant is issued upon the following terms,
to all of which each holder or owner hereof by the taking hereof consents and
agrees:

                                       3
<PAGE>

      (a) Subject to compliance with federal and applicable state securities
laws, title to this Warrant may be transferred by endorsement (by the holder
hereof executing the form of assignment attached hereto as Exhibit B) and
delivery in the same manner as in the case of a negotiable instrument
transferable by endorsement and delivery;

      (b) Subject to compliance with federal and applicable state securities
laws, any person in possession of this Warrant properly endorsed is authorized
to represent himself as absolute owner hereof and is empowered to transfer
absolute title hereto by endorsement and delivery hereof to a bona fide
purchaser hereof for value; each prior taker or owner waives and renounces all
of his equities or rights in this Warrant in favor of each such bona fide
purchaser, and each such bona fide purchaser shall acquire absolute title hereto
and to all rights represented hereby; and

      (c) Until this Warrant is transferred on the books of the Corporation, the
Corporation may treat the registered holder hereof as the absolute owner hereof
for all purposes, notwithstanding any notice to the contrary, and any transfer
in violation of the terms hereof shall be void and of no effect.

      SECTION 6. Loss or Mutilation. Upon receipt of evidence satisfactory to
the Corporation of the loss, theft, destruction or mutilation of this Warrant
(including a reasonably detailed affidavit with respect to the circumstances of
any loss, theft or destruction of such Warrant) and, if requested in the case of
any such loss, theft or destruction, upon delivery of an indemnity bond or other
agreement or security reasonably satisfactory to the Corporation, or, in the
case of any such mutilation, upon surrender and cancellation of this Warrant,
the Corporation at its expense will execute and deliver, in lieu hereof, a new
Warrant of like tenor.

      SECTION 7. Consolidation, Merger, etc. If any consolidation or merger of
the Corporation with another corporation or other entity or the sale of all or
substantially all of its assets to another corporation or other entity (each an
"Extraordinary Event") shall be effected, then, as a condition of such
Extraordinary Event, the Corporation shall cause lawful and adequate provision
to be made whereby the registered holder of this Warrant shall thereafter have
the right to receive, upon exercise hereof and the payment of the Exercise
Price, in lieu of the shares of Common Stock of the Corporation immediately
theretofore receivable upon the exercise of this Warrant, such shares of stock,
securities or property (including cash) as may be issued or payable with respect
to or in exchange for a number of shares of Common Stock of the Corporation
immediately theretofore receivable upon the exercise of this Warrant had such
Extraordinary Event not taken place, and in any such case appropriate provision
shall be made with respect to the rights and interests of the holder of this
Warrant to the end that the provisions hereof (including, without limitation,
provisions for adjustments of the number of shares purchasable upon the exercise
of this Warrant) shall thereafter be applicable, as nearly as may be, in
relation to any shares of stock, securities or property thereafter deliverable
upon the exercise hereof. The foregoing provisions shall similarly apply to
successive Extraordinary Events. The Corporation shall not effect any such
consolidation, merger or sale of all or substantially all of its assets unless,
prior to the consummation thereof, the successor corporation or other entity (if
other than the Corporation) resulting from such consolidation or merger or the
corporation or other entity purchasing such assets shall assume by written
instrument executed and mailed to the registered holder of this Warrant, at the
last address of such registered holder

                                       4
<PAGE>

appearing on the books of the Corporation, the obligation to deliver to such
registered holder such shares of stock, securities or property as, in accordance
with the foregoing provisions, such registered holder may be entitled to
purchase or receive.

      SECTION 8. Antidilution Protection.

      (a) If at any time or from time to time after the date hereof, the
Corporation issues or sells, or is deemed by the express provisions of this
subsection (a) to have issued or sold, any Additional Shares of Common Stock (as
defined in subsection (g) below) other than as a dividend or other distribution
on any class of stock as provided in clause (d) below, and other than a
subdivision or combination of shares of Common Stock as provided in clause (e)
below, without consideration or for an Effective Price (as defined in subsection
(g) below) less than the Fair Market Value per share of Common Stock immediately
prior to the time of such issue or sale, the then effective Exercise Price shall
be reduced, as of the opening of business on the date of such issue or sale, to
the price equal to the quotient obtained by dividing: (A) the product of (x)
such Exercise Price multiplied by (y) the sum of (i) the total number of shares
of Common Stock outstanding (including any shares of Common Stock deemed to have
been issued pursuant to Section 7 or this Section 8) immediately prior to such
issuance, and (ii) a number of shares of Common Stock calculated by dividing the
consideration received by the Corporation from such issuance by the Fair Market
Value per Share of the Common Stock; by (B) the total number of shares of Common
Stock outstanding (including any shares of Common Stock deemed to have been
issued pursuant to Section 7 and this Section 8) immediately after such issuance
of the Additional Shares of Common Stock. No adjustment of the Exercise Price,
however, shall be made in an amount less than $0.01 per share, and any such
lesser adjustment shall be carried forward and shall be made at the time and
together with the next subsequent adjustment which together with any adjustments
so carried forward shall amount to $0.01 per share or more. Upon any such
reduction in the Exercise Price, the total number of shares issuable upon
exercise of this Warrant shall be proportionately increased so that the total
amount payable upon exercise in whole of this Warrant shall not be modified.

      (b) For the purpose of making any adjustment required under this Section
8, the consideration received by the Corporation for any issue or sale of
securities shall (i) to the extent it consists of cash, be computed at the gross
amount of cash received by the Corporation before deduction of any underwriting
or similar commissions, compensation or concessions paid or allowed by the
Corporation in connection with such issue or sale and without deduction of any
expenses payable by the Corporation, (ii) to the extent it consists of property
other than cash, be computed at the fair market value of that property as
determined in good faith by the Board of Directors of the Corporation, and (iii)
if Additional Shares of Common Stock, Convertible Securities (as defined in
subsection (c) below) or Options (as defined in subsection (c) below) to
purchase either Additional Shares of Common Stock or Convertible Securities are
issued or sold together with other stock or securities or other assets of the
Corporation for a consideration which covers both, be computed as the portion of
the consideration so received that may be reasonably determined in good faith by
the Board of Directors to be allocable to such Additional Shares of Common
Stock, Convertible Securities or Options.

      (c) For the purpose of the adjustment required under this Section 8, if
the Corporation issues or sells any (i) stock or other securities convertible
into or exercisable or exchangeable for

                                       5
<PAGE>

Additional Shares of Common Stock (such convertible, exercisable or exchangeable
stock or securities being herein referred to as "Convertible Securities") or
(ii) rights, options or warrants for the purchase of Additional Shares of Common
Stock or Convertible Securities (such rights, options or warrants being referred
to herein as "Options"), and if the Effective Price of such Additional Shares of
Common Stock is less than the Fair Market Value of a share of Common Stock
immediately prior to the time of the granting of such Convertible Securities or
Options, the Corporation shall be deemed to have issued at the time of the
issuance of such Options or Convertible Securities the maximum number of
Additional Shares of Common Stock issuable upon exercise, conversion or exchange
thereof and to have received as consideration for the issuance of such shares an
amount equal to the total amount of the consideration, if any, received by the
Corporation for the issuance of such Options or Convertible Securities, plus, in
the case of such Options, the minimum amounts of consideration, if any, payable
to the Corporation upon the exercise of such Options, plus, in the case of
Convertible Securities, the minimum amounts of consideration, if any, payable to
the Corporation (other than by cancellation of liabilities or obligations
evidenced by such Convertible Securities) upon the conversion, exercise or
exchange thereof; provided that if in the case of Convertible Securities the
minimum amounts of such consideration cannot be ascertained, but are a function
of antidilution or similar protective clauses, the Corporation shall be deemed
to have received the minimum amounts of consideration without reference to such
clauses; provided further that if the minimum amount of consideration payable to
the Corporation upon the exercise, conversion or exchange of Options or
Convertible Securities is reduced over time or on the occurrence or
non-occurrence of specified events other than by reason of antidilution
adjustments, the Effective Price shall be recalculated using the figure to which
such minimum amount of consideration is reduced; provided further that if the
minimum amount of consideration payable to the Corporation upon the exercise,
conversion or exchange of such Options or Convertible Securities is subsequently
increased, the Effective Price shall be again recalculated using the increased
minimum amount of consideration payable to the Corporation upon the exercise,
conversion or exchange of such Options or Convertible Securities. No further
adjustment of the Exercise Price, as adjusted upon the issuance of such Options
or Convertible Securities, shall be made as a result of the actual issuance of
Additional Shares of Common Stock on the exercise of any such Options or the
conversion, exercise or exchange of any such Convertible Securities. If any such
Options or the conversion privilege represented by any such Convertible
Securities shall expire without having been exercised, the Exercise Price, as
adjusted upon the issuance of such Options or Convertible Securities, shall be
readjusted at the time of such expiration to the Exercise Price which would have
been in effect had an adjustment been made on the basis that the only Additional
Shares of Common Stock so issued were the Additional Shares of Common Stock, if
any, actually issued or sold on the exercise of such Options or rights of
conversion of such Convertible Securities, and such Additional Shares of Common
Stock, if any, were issued or sold for the consideration actually received by
the Corporation upon such exercise, plus the consideration, if any, actually
received by the Corporation for the granting of all such Options, whether or not
exercised, plus the consideration received for issuing or selling the
Convertible Securities actually converted, exercised or exchanged, plus the
consideration, if any, actually received by the Corporation (other than by
cancellation of liabilities or obligations evidenced by such Convertible
Securities) on the conversion, exercise or exchange of such Convertible
Securities.

      (d) In case the Corporation shall declare a dividend or make any other
distribution upon any stock of the Corporation payable in Common Stock, Options
or Convertible Securities,

                                       6
<PAGE>

any Common Stock, Options or Convertible Securities, as the case may be,
issuable in payment of such dividend or distribution shall be deemed to have
been issued or sold without consideration, and the Exercise Price then in effect
immediately prior to such dividend declaration or distribution shall be reduced
as if the Corporation had subdivided its outstanding shares of Common Stock into
a greater number of shares as provided in clause (e) of this Section 8.

      (e) If the Corporation at any time subdivides (by any stock split, stock
dividend, recapitalization or otherwise) its outstanding shares of Common Stock
into a greater number of shares, the number of shares issuable upon exercise of
this Warrant will be proportionately increased and the Exercise Price will be
proportionately decreased, and if the Corporation at any time combines (by
reverse stock split, recapitalization or otherwise) its outstanding shares of
Common Stock into a smaller number of shares, the number of shares issuable upon
exercise of this Warrant will be proportionately decreased and the Exercise
Price will be proportionately increased.

      (f) Other Distributions. Other than ordinary cash dividends or
distributions paid out of the Corporation's current earnings in amounts
consistent with the Corporation's ordinary practice as in effect from time to
time, which are specifically excluded from the provisions of this clause (f), in
the event the Corporation shall fix a record date for the making of a dividend
or distribution on its Common Stock payable in cash, Common Stock of the
Corporation, securities of other persons, evidences of indebtedness issued by
the Corporation or other persons, assets or warrants or rights not referred to
in clauses (d) or (e) of this Section 8 (the "Other Distribution"), then, in
each such case, at the election of the Corporation, either (i) the number of
shares of Common Stock issuable after such record date upon exercise of this
Warrant shall be adjusted by multiplying the number of shares of Common Stock
issuable upon the exercise of this Warrant immediately prior to such record date
by a fraction, the numerator of which shall be the then Fair Market Value per
share of Common Stock on the record date for such distribution and the
denominator of which shall be the then Fair Market Value per share of Common
Stock on the record date for such distribution less an amount equal to the then
fair market value (as determined in good faith by the Board of Directors of the
Corporation) of the Other Distribution applicable to one share of Common Stock,
or (ii) adequate provision shall be made so that the holder of this Warrant
shall have the right to receive, in addition to shares of Common Stock upon the
exercise of this Warrant, at the election of the Company, either (A) the Other
Distribution to which such holder would have been entitled as a holder of Common
Stock if such holder had exercised this Warrant immediately prior to the record
date for such distribution or (B) the cash equivalent of such Other
Distribution.

            If the Corporation elects to adjust the number of shares of Common
Stock issuable upon the exercise of this Warrant pursuant to clause (i) above,
such adjustment shall be made whenever any such distribution is made and shall
become effective on the date of distribution retroactive to the record date for
the determination of stockholders of the Corporation entitled to receive such
distribution; provided however, that the Corporation shall deliver to the holder
who exercises this Warrant after any such record date, but prior to the related
distribution, a due bill or other appropriate instrument evidencing such
holder's right to receive such distribution upon its occurrence.

                                       7
<PAGE>

            Notwithstanding the foregoing, the Corporation shall not elect the
adjustment provided for in clause (i) above if the then fair market value (as
determined in good faith by the Board of Directors of the Corporation) of the
Other Distribution applicable to one share of Common Stock is equal to or
greater than the then Fair Market Value per share of Common Stock on the record
date of such distribution.

      (g) "Additional Shares of Common Stock" shall mean all shares of Common
Stock issued by the Corporation or deemed to be issued pursuant to this Section
8 (whether or not subsequently reacquired or retired by the Corporation), other
than Excluded Stock. "Excluded Stock" shall mean (i) Common Stock and/or
options, warrants or other Common Stock purchase rights and the Common Stock
issued pursuant to such options, warrants or other rights to employees, officers
or directors of, or consultants or advisors to the Corporation or any subsidiary
pursuant to stock purchase or stock option plans or other arrangements that are
approved by the Board of Directors; (ii) Common Stock issued pursuant to the
exercise of options, warrants or convertible securities outstanding as of the
date hereof; (iii) Common Stock issued pursuant to a transaction for which an
adjustment is made pursuant to Section 7 and clauses (d) and (e) of this Section
8 hereof; and (iv) shares of Common Stock issued for cash in a registered
underwritten offering bona fide offered and sold to the public. The "Effective
Price" of Additional Shares of Common Stock shall mean the quotient determined
by dividing the total number of Additional Shares of Common Stock issued or
sold, or deemed to have been issued or sold by the Corporation under this
Section 8, into the aggregate consideration received, or deemed to have been
received by the Corporation for such issue under this Section 8, for such
Additional Shares of Common Stock.

      SECTION 9. No Dilution or Impairment. If any event shall occur as to which
the provisions of Section 7 or 8 hereof are not strictly applicable but the
failure to make any adjustment would adversely affect the purchase rights
represented by this Warrant in a way that is contrary to the manifest and
essential intent and principles of Sections 7 and 8 hereof, then, in each such
case, the Board of Directors of the Corporation shall provide for an adjustment,
if applicable, on a basis consistent with the manifest and essential intent and
principles established in Sections 7 and 8 hereof, necessary to preserve,
without dilution, the purchase rights represented by this Warrant.

      SECTION 10. Notice of Adjustment. Upon any adjustment or other change
relating to the Exercise Price or the securities purchasable upon the exercise
of this Warrant, then, and in each such case, the Corporation shall (a) file at
the Warrant Office a certificate of a firm of independent public accountants
(who may be the regular accountants employed by the Corporation) setting forth
the Exercise Price and number of shares of Common Stock issuable upon exercise
of the Warrant after such adjustment and setting forth a statement of the facts
requiring such adjustment and showing in reasonable detail the manner of
computing the same and (b) promptly give written notice thereof, by first class
mail, postage prepaid, addressed to the registered holder of this Warrant at the
address of such registered holder as shown on the books of the Corporation,
which notice shall state the increase or decrease in the number or other
denominations of securities purchasable upon the exercise of this Warrant and a
copy of the certificate referred to in clause (a) above.

                                       8
<PAGE>

      SECTION 11. Fractional Shares. If the number of shares of Common Stock
purchasable upon the exercise of this Warrant is adjusted pursuant to provisions
hereof, the Corporation shall nevertheless not be required to issue fractions of
shares, upon exercise of this Warrant or otherwise, or to distribute
certificates that evidence fractional shares. Whether or not fractional shares
are issuable upon exercise of this Warrant shall be determined on the basis of
the total number of shares of Common Stock the holder is at the time acquiring
and the number of shares of Common Stock issuable upon such aggregate exercise.
With respect to any fraction of a share called for upon any exercise hereof, the
Corporation shall pay to the holder hereof an amount in cash equal to such
fraction multiplied by the current Fair Market Value of one share of Common
Stock.

      SECTION 12. Information. Each holder of this Warrant, and each holder of
shares of Common Stock acquired upon the exercise of this Warrant, by acceptance
hereof and thereof, agrees to furnish to the Corporation such information
concerning such holder as may be requested by the Corporation which is necessary
in connection with any registration or qualification of shares of Common Stock
purchasable hereunder.

      SECTION 13. Warrant Holder Not Deemed Stockholder. The holder of this
Warrant shall not, as such, be entitled to any rights as a stockholder of the
Corporation, except for those conferred pursuant to this Warrant, nor shall the
holder of this Warrant have any liabilities to purchase any securities hereunder
or as a stockholder of the Corporation whether such liabilities are asserted by
the Corporation or by creditors or stockholders of the Corporation or otherwise.

      SECTION 14. Transfer Restrictions. Other than in connection with transfers
to its general partners, limited partners or affiliates (so long as such a
transfer would not require approvals or registrations under applicable state
"blue sky" or federal securities laws), the holder of this Warrant may not
transfer all or any portion of this Warrant until February 23, 2004. This
Warrant and the shares of Common Stock issuable upon exercise of this Warrant
may not be pledged, sold, assigned or otherwise transferred unless the proposed
disposition is the subject of a currently effective registration statement under
the Securities Act of 1933, as amended, or unless an exemption from registration
thereunder is available. Subject to the prior sentence, the shares of Common
Stock issuable upon exercise of this Warrant are freely transferable at any
time.

      SECTION 15. Rights of Action; Remedies. All rights of action with respect
to this Warrant are vested in the holder of this Warrant, and the holder may
enforce against the Corporation its right to exercise this Warrant for the
purchase of shares of Common Stock in the manner provided in this Warrant. The
Corporation stipulates that the remedies at law of the holder of this Warrant in
the event of any default or threatened default by the Corporation in the
performance of or compliance with any of the terms of this Warrant are not and
will not be adequate, and that such terms may be specifically enforced by a
decree for the specific performance of any agreement contained herein or by an
injunction against a violation of any of the terms hereof or otherwise.

      SECTION 16. Modification of Warrant. This Warrant shall not be modified,
supplemented or altered in any respect except with the consent in writing of the
holder hereof and the Corporation; and no change in the number or nature of the
securities purchasable upon

                                       9
<PAGE>

the exercise of this Warrant, or the exercise price therefor, or the
acceleration of the Warrant Expiration Date, shall be made without the consent
in writing of the holder hereof, other than such changes as are specifically
prescribed by this Warrant as originally executed.

      SECTION 17. Miscellaneous. This Warrant shall be governed by, and
construed and enforced in accordance with, the laws of State of Delaware,
without regard to its principles of conflicts of laws. The headings in this
Warrant are for purposes of reference only and shall not limit or otherwise
affect any of the terms hereof. This Warrant is being executed as an instrument
under seal. The invalidity or unenforceability of any provision hereof shall in
no way affect the validity or enforceability of any other provision. This
Warrant, the Registration Rights Agreement and the Securities Purchase
Agreement, dated as of February 23, 2001, among the Corporation, CCC Capital
Trust and Capricorn embody the entire agreement and understanding between the
parties hereto and supersedes all prior agreements and understandings relating
to the subject matter hereof.

      SECTION 18. Successors. All the covenants and provisions of this Warrant
shall bind and inure to the benefit of the successors and permitted transferees
of the holder and the successors of the Corporation.

      SECTION 19. Exchange Listing. The Corporation will from time to time take
all action that may be necessary so that the shares of Common Stock issuable
upon exercise of this Warrant, immediately upon their issuance upon the exercise
of this Warrant, will be listed on the principal securities exchanges, automated
quotation systems or other markets within the United States of America, if any,
on which the shares of Common Stock are then listed, if any.

      SECTION 20. Definitions. For purposes of this Warrant, the following terms
have the following respective meanings:

      "Average Price" means, with respect to any shares of stock or securities,
      including the Common Stock, on any date of determination, the average for
      the five (5) Trading Days preceding and including such date of
      determination of the reported last sale prices per share on a National
      Securities Exchange or admitted to unlisted trading privileges on such
      exchange or quoted in the NASDAQ System, or if not listed or admitted to
      unlisted trading privileges, the average for the five (5) Trading Days
      preceding and including the date of determination of the average of the
      last reported bid and asked prices per share or security reported by the
      National Quotation Bureau.

      "Fair Market Value" means, with respect to any shares of stock or other
      securities, (i) if such stock or securities are listed or admitted to
      trading on a national securities exchange or admitted to unlisted trading
      privileges on such exchange or quoted in the NASDAQ System, the Average
      Price per share or security, as the case may be, at the close of trading
      on the Trading Day on which the relevant determination is to be made (the
      date of exercise of the Warrant, in the case of any such determination to
      be made with respect to such exercise) or, if such day is not a Trading
      Day, the Trading Day immediately preceding such day and (ii) if such stock
      or security is not so listed or admitted to unlisted trading privileges,
      the current fair market value of such stock or security as determined in
      good faith by the Board of Directors of the Corporation.

                                       10
<PAGE>

      "Trading Day" means (i) if the relevant stock or security is listed or
      admitted for trading on the New York Stock Exchange or any other national
      securities exchange, a day on which such exchange is open for business;
      (ii) if the relevant stock or security is quoted on the NASDAQ National
      Market or any other system of automated dissemination of quotations of
      securities prices, a day on which trades may be effected through such
      system; or (iii) if the relevant stock or security is not listed or
      admitted for trading on any national securities exchange or quoted on the
      NASDAQ National Market or any other system of automated dissemination of
      quotation of securities prices, a day on which the relevant stock or
      security is traded regular way in the over-the-counter market and for
      which a closing bid and a closing asked price for such stock or security
      are available.

                                       11
<PAGE>

      IN WITNESS WHEREOF, the Corporation has caused this Warrant to be duly
executed as of the date first written above.

                                          CCC INFORMATION SERVICES
                                          GROUP INC.

                                        By: /s/ Reid E. Simpson
                                      Name: Reid E. Simpson
                                     Title: Executive Vice President
                                            and Chief Financial Officer

<PAGE>

                                    EXHIBIT A

                                  EXERCISE FORM
                   (To be signed only on exercise of Warrant)

CCC Information Services Group Inc.
World Trade Center Chicago
444 Merchandise Mart
Chicago, Illinois  60654

      The undersigned hereby irrevocably elects to exercise the right to
purchase represented by the within Warrant for, and to purchase thereunder,
_______ shares of the stock provided for therein, and requests that certificates
for such shares be issued in the name of:

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

            (Please print name, address, and social security number)

and, if said number of shares shall not be all the shares purchasable
thereunder, that a new Warrant for the balance remaining of the shares
purchasable under the within Warrant be registered in the name of the
undersigned holder of the within Warrant or his Assignee as below indicated and
delivered to the address stated below.

NAME OF HOLDER OR ASSIGNEE:_____________________________________________
                                 (Please print)

ADDRESS OF HOLDER
OR ASSIGNEE:_______________________________________________________________

SIGNATURE OF HOLDER:_____________________________________________________

DATED:__________________

Note: The above signature must correspond with the name exactly as written upon
the face of the within Warrant in every particular, without alteration or
enlargement or any change whatever, unless the within Warrant has been assigned.

<PAGE>

                                    EXHIBIT B

                               FORM OF ASSIGNMENT
                   (To be signed only on transfer of Warrant)

      For value received, the undersigned hereby sells, assigns and transfers
unto _____________________________ the right represented by the within Warrant
to purchase __________________ shares of Common Stock of CCC Information
Services Group Inc. to which the within Warrant relates, and appoints
______________________ attorney to transfer such rights on the books of CCC
Information Services Group Inc. with full power of substitution in the premises.

NAME OF HOLDER:__________________________________________________________
                                 (Please print)

ADDRESS:__________________________________________________________________

SIGNATURE OF HOLDER:____________________________________________________

DATED:__________________

Note: The above signature must correspond with the name exactly as written upon
the face of the within Warrant in every particular, without alteration or
enlargement or any change whatever, unless the within Warrant has been assigned.

SIGNED IN THE PRESENCE OF:

-----------------------------

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