Toll Brothers Named 2012 Builder of the Year by Professional Builder Magazine

Toll Brothers Named 2012 Builder of the Year by Professional Builder Magazine

Toll Becomes Only Builder to Earn This Honor Twice

HORSHAM, Pa., Nov. 1, 2012 (GLOBE NEWSWIRE) -- Toll Brothers, Inc., (NYSE:TOL)
(www.tollbrothers.com), the nation's leading builder of luxury homes, today
announced that it has been named 2012 Builder of the Year by Professional
Builder magazine (www.housingzone.com). Having been named Builder of the Year
in 1988, Toll Brothers becomes the first builder to win this coveted honor
twice.

Toll Brothers, Inc. (EPR) Brick house on the
lake

Douglas C. Yearley, chief executive officer, stated: "We are thrilled and
honored to win this prestigious award. Since our founding in 1967, Toll
Brothers has balanced prudent financial management with opportunistic growth,
which has allowed us to successfully survive and flourish through five
recessions.This strategy has positioned us to take advantage of current land
and other growth opportunities.Compelling demographics in the upscale market
coupled with pent-up demand and limited competition in our luxury niche give
us a major advantage as the market recovers.

"Toll Brothers places the greatest importance on providing our buyers with
exceptional customer service, quality and value and to offer them the most
attractive communities in which to live: 95% of Toll Brothers customers would
recommend our company to a friend.This speaks to the incredible diligence and
commitment to excellence that the Toll Brothers team brings to our work each
and every day."

Robert I. Toll, executive chairman, stated: "When we first won this award in
1988, we were a small, regional home builder focused almost entirely on
providing homes for growing families in five Northeast and Mid-Atlantic
States. Now, 24 years later, we are a national builder with a brand that
reaches across 20 states and 50 U.S. markets. We have diversified our product
lines to include single-family and attached move-up, empty-nester and
active-adult homes, resort-style communities, high-density suburban
communities and, through our City Living brand, mid- and high-rise towers in
the metro New York City urban market and Philadelphia."

"Toll Brothers represents what is best about home building. They deliver
quality homes and great overall value." notes Patrick O'Toole, Editorial
Director and Publisher of Professional Builder magazine.

"Throughout the company's more than 45 years in business -- particularly
during the recent period of tumult for housing -- Toll Brothers has been
extremely foresighted in its business planning, its marketing, and its strong
commitment to its home buyers."

"We are so honored to be recognized for this very prestigious award," said
Kira Sterling, chief marketing officer. "It is a tribute to the tremendous
hard work, dedication and integrity of our colleagues and associates at Toll
Brothers."

For more than 75 years, Professional Builder magazine has remained dedicated
to serving the needs of the nation's home building community — builders,
designers and trade partners — with award-winning content and proven,
practical solutions. Each month, Professional Builder is read by 107,000
leading decision makers in the home building market, 100 percent of whom have
the authority to buy or specify building materials, products, and equipment.
The editors of Professional Builder produce a number of industry recognition
programs, including Builder of the Year, National Housing Quality Awards, and
the Housing Giants rankings.

Toll Brothers, Inc. is the nation's leading builder of luxury homes. The
Company began business in 1967 and became a public company in 1986.Its common
stock is listed on the New York Stock Exchange under the symbol "TOL."The
Company serves move-up, empty-nester, active-adult, and second-home buyers and
operates in 20 states: Arizona, California, Colorado, Connecticut, Delaware,
Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New
Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas,
Virginia, and Washington.

Toll Brothers builds an array of luxury residential communities, principally
on land it develops and improves: single-family detached and attached home
communities, master planned resort-style golf communities, and urban low-,
mid- and high-rise communities. The Company operates its own architectural,
engineering, mortgage, title, land development and land sale, golf course
development and management, home security, and landscape subsidiaries. The
Company also operates its own lumber distribution, house component assembly,
and manufacturing operations.The Company acquires and develops commercial
properties through Toll Commercial and its affiliate, Toll Brothers Realty
Trust, and purchases distressed loan and real estate asset portfolios through
its wholly owned subsidiary, Gibraltar Capital and Asset Management.

Toll Brothers is honored to have won the three most coveted awards in the home
building industry: America's Best Builder, the National Housing Quality Award,
and Builder of the Year for the second time. Toll Brothers proudly supports
the communities in which it builds; among other philanthropic pursuits, the
Company sponsors the Toll Brothers - Metropolitan Opera International Radio
Network, bringing the Met opera to neighborhoods throughout the world. For
more information, visit TollBrothers.com.

CONTACT: Frederick N. Cooper, IR/Financial Media
         fcooper@tollbrothersinc.com (215) 938-8312
         Kira Sterling, General Media
         ksterling@tollbrothersinc.com (215) 938-8220

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