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Press release from Business Wire

KB Home Appoints Todd Holder as President of Its Jacksonville Division

<p> <b>Builder promotes local leader from within following growth in Northeast Florida</b> </p>

Monday, September 09, 2013

KB Home Appoints Todd Holder as President of Its Jacksonville Division

08:00 EDT Monday, September 09, 2013

JACKSONVILLE, Fla. (Business Wire) -- KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, today announced that it has promoted Todd Holder to president of its Jacksonville division. In his role, Holder is responsible for all of KB Home's operations throughout the Northeast Florida market, from land acquisition and construction to sales and customer service.

In his prior role as the division's executive vice president, Holder led the division team in the execution of a variety of successful growth initiatives. As a result, KB Home is currently selling its Built to Order™ new homes at 10 communities in and around the region, with five communities recently opening or grand opening in the coming weeks.

“We are pleased to have Todd, a natural born leader and ardent supporter of our Built to Order business model, take the helm of our Jacksonville division,” said Vince DePorre, regional president for KB Home. “With his breadth of experience and deep knowledge of the market, we are confident that he can lead our business to further capitalize on the long-term growth opportunities in this area.”

Indeed, Holder brings more than 20 years of homebuilding experience to his new role, six of which have been with KB Home. His past experience includes being a managing partner at Holder Johnson Homes in Jacksonville. Holder has also held leadership positions at Lennar Homes' and Beazer Homes' Jacksonville divisions over the course of his career.

To learn more about KB Home in Florida, visit www.kbhome.com or call 888-KB-HOMES.

About KB Home

KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home's signature Built to Order™ approach lets each buyer customize their new home from lot location to floor plan and design features. In addition to meeting strict ENERGY STAR® guidelines, all KB homes are highly energy efficient to help lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). A leader in utilizing state-of-the-art sustainable building practices, KB Home was named the #1 Green Homebuilder in the most recent study by Calvert Investments and the #1 Homebuilder on FORTUNE magazine's 2011 World's Most Admired Companies list. Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol "KBH." For more information about KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.

KB Home
Cara Kane, 321-299-6844
ckane@kbhome.com

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