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Press release from Business Wire

The Ryland Group Declares Quarterly Dividend

Friday, July 27, 2012

The Ryland Group Declares Quarterly Dividend16:15 EDT Friday, July 27, 2012 WESTLAKE VILLAGE, Calif. (Business Wire) -- The Board of Directors of The Ryland Group, Inc. (NYSE: RYL), has declared a quarterly dividend of $0.03 per share, payable on October 30, 2012, to common stockholders of record on October 15, 2012. Headquartered in Southern California, Ryland is one of the nation's largest homebuilders and a leading mortgage-finance company. Since its founding in 1967, Ryland has built more than 295,000 homes and financed more than 245,000 mortgages. The Company currently operates in 13 states across the country and is listed on the New York Stock Exchange under the symbol “RYL.” For more information, please visit www.ryland.com. The Ryland Group, Inc.Drew MackintoshVP, Investor Relations and Corporate Communications(805) 367-3722Drew.mackintosh@ryland.com