Photo Release -- Toll Brothers Announces Promotion of Richard T. Hartman to President

Photo Release -- Toll Brothers Announces Promotion of Richard T. Hartman to
President

HORSHAM, Pa., Jan. 8, 2013 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL)
(www.tollbrothers.com), the nation's leading builder of luxury homes, today
announced the promotion of Richard T. Hartman to the position of President and
Chief Operating Officer. Hartman, 56, was promoted to Executive Vice President
and Chief Operating Officer in January 2012.

Richard T. Hartman
  Richard T. Hartman

A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16494

Douglas C. Yearley, Jr., Toll Brothers' chief executive officer, stated:
"Rick's leadership has been crucial as we have positioned the Company to
prosper as the market improves. His understanding of all facets of our
business provides an invaluable perspective as we expand our presence across
our suburban and urban platforms serving the widest variety of luxury buyers
in the industry."

Robert I. Toll, Toll Brothers' executive chairman, stated: "We congratulate
Rick on his promotion to President. It is very well deserved. During his
thirty-two years at Toll Brothers, Rick has exemplified everything Toll
Brothers is about – loyalty, integrity, passion for the business, a tremendous
work ethic, and most of all, friendship."

Rick Hartman began his career with Toll Brothers in 1980 and rose to
increasingly senior positions in the areas of operations and purchasing
including as Vice-President Operations with multi-market responsibilities in
1994.

In 2002, Rick was promoted to Senior Vice President before being named
Regional President in 2005. As Regional President, Rick managed home building
operations across multiple markets in Toll's Western, Northeast and
Mid-Atlantic regions with peak revenues of over $1 billion per year. Rick was
instrumental in launching Toll Brothers' Active Adult product line and leading
Toll's entry into the New York City market with the introduction of the Toll
City Living brand there.

Rick received a Bachelor of Science degree in Construction Management from
Spring Garden College in 1979.

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 19 states: Arizona, California, Colorado, Connecticut, Delaware,
Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New
Jersey, New York, North Carolina, Pennsylvania, 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
homebuilding industry: America's Best Builder from the National Association of
Home Builders, the National Housing Quality Award and Builder of the
Year.Toll Brothers was awarded Builder of the Year for 2012 and is the only
two-time recipient.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 opera to
neighborhoods throughout the world. For more information, visit
www.tollbrothers.com

The photo is also available at Newscom, www.newscom.com, and via AP
PhotoExpress.

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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