PulteGroup Announces Tender Results of Its Cash Tender Offers for Up to $1,000,000,000 Aggregate Principal Amount of Certain

   PulteGroup Announces Tender Results of Its Cash Tender Offers for Up to
    $1,000,000,000 Aggregate Principal Amount of Certain Outstanding Notes

PR Newswire

BLOOMFIELD HILLS, Mich., Nov. 26, 2012

BLOOMFIELD HILLS, Mich., Nov. 26, 2012 /PRNewswire/ -- PulteGroup, Inc. (NYSE:
PHM) ("PulteGroup," the "Company" or "us") today announced that as of 12:00
midnight, New York City time, at the end of November 21, 2012 (the "Expiration
Date"), it had received tenders of notes in the amounts set out in the table
below:

Title of                                      Total                   Percentage
Securities             Principal    Acceptance Principal   Principal   of
and CUSIP             Amount       Priority   Amount      Amount      Outstanding
Numbers                Outstanding  Level      Tendered    Accepted    Amount
           Issuer                                                      Accepted
Offer for
Notes
listed
below: Any
and All
Offer
5.125%
Notes due
2013       Centex      $119,477,000 N/A        $11,742,000 $11,742,000 9.83%
(CUSIP:
152312AM6)
5.250%
Notes due
2014       PulteGroup* $255,919,000 N/A        $25,935,000 $25,935,000 10.13%
(CUSIP:
745867AQ4)
5.700%
Notes due
2014       Centex      $318,671,000 N/A        $75,833,000 $75,833,000 23.80%
(CUSIP:
152312AN4)
5.200%
Notes due
2015       PulteGroup* $208,027,000 N/A        $82,494,000 $82,494,000 39.66%
(CUSIP:
745867AS0)
Offer for
Notes
listed
below:
Maximum
Tender
Offer
5.250%
Notes due
2015       Centex      $284,464,000 1          $10,895,000 $10,895,000 3.83%
(CUSIP:
152312AQ7)
6.500%
Notes due
2016       Centex      $480,000,000 2          $14,755,000 $14,755,000 3.07%
(CUSIP:
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
expired at 12:00 midnight, New York City time, at the end of the Expiration
Date.

PulteGroup previously announced that it had 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 5:00 p.m., New York City time, on
November 6, 2012 (the "Early Tender Date"). Payment for such notes was made
on November 8, 2012. The notes that were tendered in the Any and All Offer
after the Early Tender Date and prior to the Expiration Date and the notes
that were tendered and accepted in the Maximum Tender Offer prior to the
Expiration Date were, subject to the terms and conditions of the tender
offers, accepted, and payment for all validly tendered notes not earlier
accepted, was made on November 23, 2012. Subject to the terms and the
conditions of the tender offers, the notes were accepted for payment by
PulteGroup by the giving of notice to Global Bondholder Services Corporation,
the depositary for the tender offers.

PulteGroup 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 was retained to serve as the depositary and the information agent
for the tender offers.

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.

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.

SOURCE PulteGroup, Inc.

Website: http://www.pultegroupinc.com
Contact: Investors: James Zeumer, +1-248-433-4502, jim.zeumer@pultegroup.com
 
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