William Lyon Homes prices secondary offering of 2 million shares of Class A common stock at US$27.25/share; offering expected to close on April 1, company will not receive any proceeds from sale

NEWPORT BEACH, California , March 26, 2014 (press release) – William Lyon Homes (NYSE: WLH) (the “Company”) today announced the pricing of a registered public offering by entities affiliated with Luxor Capital Group, LP (“Luxor”) of 2,000,000 shares of the Company’s Class A Common Stock at a price to the public of $27.25 per share. In connection with the offering, Luxor has granted the underwriters a 30-day option to purchase up to an additional 300,000 shares of Class A Common Stock. The offering is subject to customary closing conditions and is expected to close on April 1, 2014. The Company is not selling any shares in this offering or receiving any portion of the proceeds from this offering.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering, and Moelis & Company LLC and Comerica Securities, Inc. are acting as co-managers for the offering.

The offering of these securities is being made pursuant to a shelf registration statement which was declared effective by the Securities and Exchange Commission (“SEC”) on March 20, 2014. A preliminary prospectus supplement relating to the offering has been filed with the SEC. Copies of the preliminary prospectus supplement related to the offering and accompanying prospectus may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or toll free at (866) 803-9204. Copies may also be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (800) 831-9146. Copies may also be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, or by telephone at (800) 221-1037.

This press release is neither an offer to sell nor a solicitation of an offer to buy any Class A Common Stock, and shall not constitute an offer or a solicitation of an offer to buy, or a sale of, the Class A Common Stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or any jurisdiction.

Forward-Looking Statements

Statements contained in this release that state the Company’s or management’s intentions, expectations or predictions of the future are forward-looking statements. Specifically, the Company cannot assure you that the proposed transaction described above will be consummated on the terms currently contemplated, if at all. The forward-looking statements involve risks and uncertainties and actual results may differ materially from those projected or implied. Additional information concerning factors that could cause actual results to differ materially is contained from time to time in the Company’s filings with the SEC, including, but not limited to, the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 and the registration statement and prospectus supplement described above. The Company disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events or otherwise.

About William Lyon Homes

Headquartered in Newport Beach, California, William Lyon Homes is primarily engaged in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada and Colorado. Its core markets include Orange County, Los Angeles, San Diego, the San Francisco Bay Area, Phoenix, Las Vegas and Denver. William Lyon Homes has a distinguished legacy of more than 58 years of homebuilding operations, over which time it has sold in excess of 76,000 homes. William Lyon Homes markets and sells it homes under the William Lyon Homes brand in all of its markets except for in Colorado, where the Company operates under the Village Homes brand.

Source: William Lyon Homes

Investor/Media Contacts:
Financial Profiles, Inc.
Larry Clark, (310) 622-8223
Lisa Mueller, (310) 622-8231

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