Any or all of the forward-looking statements included in this release are not guarantees of future performance and may turn out to be inaccurate. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Frederick N. Cooper (215) 938-8312         fcooper@tollbrothersinc.com         Joseph R. Sicree (215) 938-8045         jsicree@tollbrothersinc.com

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