PulteGroup Announces Early Tender Results Of Its Cash Tender Offers For Up To $1,000,000,000 Aggregate Principal Amount Of

PulteGroup Announces Early Tender Results Of Its Cash Tender Offers For Up To
   $1,000,000,000 Aggregate Principal Amount Of Outstanding Notes And Early
        Acceptance Of Certain Notes Tendered In Its Any And All Offer

PR Newswire

BLOOMFIELD HILLS, Mich., Nov. 7, 2012

BLOOMFIELD HILLS, Mich., Nov. 7, 2012 /PRNewswire/ --PulteGroup, Inc. (NYSE:
PHM) ("PulteGroup," the "Company" or "us") today announced that as of 5:00
p.m., New York City time, on November 6, 2012 (the "Early Tender Date"), it
had received tenders of notes in the amounts set out in the table below:

                                                                   Percentage
                               Principal    Acceptance Principal   of
Title of                       Amount
Securities and     Issuer                   Priority   Amount      Outstanding
CUSIP Numbers                  Outstanding  Level      Tendered
                                                                   Amount
                                                                   Tendered
Offer for Notes listed below: Any and All Offer
5.125% Notes due
2013 (CUSIP:       Centex      $119,477,000 N/A        $11,702,000 9.79%
152312AM6)
5.250% Notes due
2014 (CUSIP:       PulteGroup* $255,919,000 N/A        $25,935,000 10.13%
745867AQ4)
5.700% Notes due
2014 (CUSIP:       Centex      $318,671,000 N/A        $75,833,000 23.80%
152312AN4)
5.200% Notes due
2015 (CUSIP:       PulteGroup* $208,027,000 N/A        $82,394,000 39.61%
745867AS0)
Offer for Notes listed below: Maximum Tender Offer
5.250% Notes due
2015 (CUSIP:       Centex      $284,464,000 1          $10,885,000 3.83%
152312AQ7)
6.500% Notes due
2016 (CUSIP:       Centex      $480,000,000 2          $14,755,000 3.07%
152312AT1)



* At the time of issue of these notes, the Company was known as Pulte Homes,
Inc.

The terms and conditions of the tender offers are described in the Offer to
Purchase, dated October 24, 2012 (the "Offer to Purchase"), and the related
Letter of Transmittal (the "Letter of Transmittal"). The tender offers will
expire at 12:00 midnight, New York City time, at the end of November 21, 2012,
unless extended (the "Expiration Date").

PulteGroup also announced that it has elected to exercise its option as
described in the Offer to Purchase to accept for payment all notes validly
tendered in the Any and All Offer as of the Early Tender Date and that payment
for such notes will be made on November 8, 2012. Notes that have been
submitted before the Early Tender Date and are accepted will receive the early
tender premium of $30.00 per $1,000 principal amount of notes. Notes tendered
pursuant to the tender offers may no longer be withdrawn. The notes that are
tendered in the Any and All Offer after the Early Tender Date and prior to the
Expiration Date and the notes that are tendered in the Maximum Tender Offer
prior to the Expiration Date will, subject to the terms and conditions of the
tender offers (including the tender cap described below), be accepted for
payment at or promptly after the Expiration Date, and payment for all validly
tendered notes not earlier accepted will be made promptly thereafter. Subject
to the terms and the conditions of the tender offers, the notes will be
accepted for payment by PulteGroup by the giving of notice to Global
Bondholder Services Corporation, the depositary for the tender offers.

As described in the Offer to Purchase, if the aggregate principal amount of
notes within an Acceptance Priority Level tendered in the Maximum Tender Offer
(as set forth in the table above) exceeds the $1,000,000,000 tender cap
remaining following the purchase of notes pursuant to the Any and All Offer
and of notes tendered within the numerically lower Acceptance Priority Level
in the Maximum Tender Offer, then PulteGroup will accept such validly tendered
notes in such Acceptance Priority Level, in the aggregate, on a prorated basis
(rounded downward such that holders receive notes in integral multiples of
$1,000).

PulteGroup has retained Citigroup, BofA Merrill Lynch, Deutsche Bank
Securities, J.P. Morgan, UBS Investment Bank and Wells Fargo Securities to act
as dealer managers in connection with the tender offers. Global Bondholder
Services Corporation has been retained to serve as the depositary and the
information agent for the tender offers.

For additional information regarding the terms of the tender offers, please
contact: Citigroup at (800) 558-3745 (toll free) or (212) 723-6106 (collect),
BofA Merrill Lynch at (888) 292-0070 (toll free) or (980) 387-3907 (collect),
Deutsche Bank Securities at (855) 287-1922 (toll free) or (212) 250-7527
(collect), J.P. Morgan at (800) 245- 8812 (toll free) or (212) 270-1200
(collect), UBS Investment Bank at (888) 719-4210 (toll free) or (203) 719-4210
(collect) or Wells Fargo Securities at (866) 309-6316 (toll free) or (704)
715-8341 (collect). Requests for documents and questions regarding the
tendering of notes may be directed to Global Bondholder Services Corporation
at (866) 873-5600 (toll free) or (212) 430-3774 (collect).

PulteGroup's obligations to accept any notes tendered and to pay the
applicable consideration for them are set forth solely in the Offer to
Purchase and the related Letter of Transmittal. This press release is for
informational purposes only and is not an offer to purchase or a solicitation
of acceptance of the tender offers. Subject to applicable law, PulteGroup may
amend, extend or, subject to certain conditions, terminate the tender offers.

Forward-Looking Statements

This press release includes "forward-looking statements." These statements
are subject to a number of risks, uncertainties and other factors that could
cause our actual results, performance, prospects or opportunities, as well as
those of the markets we serve or intend to serve, to differ materially from
those expressed in, or implied by, these statements. You can identify these
statements by the fact that they do not relate to matters of a strictly
factual or historical nature and generally discuss or relate to forecasts,
estimates or other expectations regarding future events. Generally, the words
"believe," "expect," "intend," "estimate," "anticipate," "project," "may,"
"can," "could," "might," "will" and similar expressions identify
forward-looking statements, including statements related to expected operating
and performing results, planned transactions, planned objectives of
management, future developments or conditions in the industries in which we
participate and other trends, developments and uncertainties that may affect
our business in the future.

Such risks, uncertainties and other factors include, among other things:
interest rate changes and the availability of mortgage financing; continued
volatility in the debt and equity markets; competition within the industries
in which PulteGroup operates; the availability and cost of land and raw
materials used by PulteGroup in its homebuilding operations; the impact of any
changes to PulteGroup's strategy in responding to continuing adverse
conditions in the industry, including any changes regarding PulteGroup's land
positions; the availability and cost of insurance covering risks associated
with PulteGroup's businesses; shortages and the cost of labor; weather related
slowdowns; slow growth initiatives and/or local building moratoria;
governmental regulation directed at or affecting the housing market, the
homebuilding industry or construction activities; uncertainty in the mortgage
lending industry, including revisions to underwriting standards and repurchase
requirements associated with the sale of mortgage loans; the interpretation of
or changes to tax, labor and environmental laws; economic changes nationally
or in PulteGroup's local markets, including inflation, deflation, changes in
consumer confidence and preferences and the state of the market for homes in
general; legal or regulatory proceedings or claims; required accounting
changes; terrorist acts and other acts of war; and other factors of national,
regional and global scale, including those of a political, economic, business
and competitive nature. See PulteGroup's Annual Report on Form 10-K for the
fiscal year ended December 31, 2011 and other public filings with the
Securities and Exchange Commission for a further discussion of these and other
risks and uncertainties applicable to PulteGroup's business. PulteGroup
undertakes no duty to update any forward-looking statement, whether as a
result of new information, future events or changes in PulteGroup's
expectations.

About PulteGroup

PulteGroup, Inc. (NYSE: PHM), based in Bloomfield Hills, Mich., is one of
America's largest homebuilding companies with operations in approximately60
markets throughout the country. Through its brand portfolio that includes
Centex, Pulte Homes and Del Webb, the Company is one of the industry's most
versatile homebuilders able to meet the needs of multiple buyer groups and
respond to changing consumer demand. PulteGroup conducts extensive research
to provide homebuyers with innovative solutions and new homes designed for the
way people actually live today. As the most awarded homebuilder in customer
satisfaction, PulteGroup brands have consistently ranked among top
homebuilders in third-party customer satisfaction studies.

For more information about PulteGroup, Inc. and PulteGroup brands, go to
pultegroupinc.com; www.pulte.com; www.centex.com; www.delwebb.com.

Company Contact
Investors: James Zeumer
(248) 433-4502
jim.zeumer@pulte.com

SOURCE PulteGroup, Inc.

Website: http://pultegroupinc.com
 
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