Taylor Morrison Purchase Agreement

This communication is not intended for sale and does not constitute an offer to sell, an invitation to subscribe or buy, an invitation to buy or subscribe for securities, or an invitation to vote or approve in any jurisdiction, or to sell in any jurisdiction in violation of applicable law; an issue or transfer of securities. As part of the proposed merger between Taylor Morrison and William Lyon Homes, Taylor Morrison will file with the SEC a registration statement on Form S-4 containing a joint proxy statement by Taylor Morrison and William Lyon Homes, which is also a prospectus of Taylor Morrison (the “Proxy Release/Prospectus”). Taylor Morrison and William Lyon Homes intend to send their respective shareholders the final proxy/prospectus joint prospectus related to the merger. INVESTORS AND SECURITY HOLDERS OF TAYLOR MORRISON AND WILLIAM LYON HOMES ARE ADVISED TO CAREFULLY READ OR SUBMIT THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AS THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TAYLOR MORRISON, WILLIAM LYON HOMES, THE MERGER AND RELATED MATTERS. Investors and security holders may obtain free copies of the joint proxy/prospectus statement (if any) and other documents filed with the SEC by Taylor Morrison and William Lyon Homes, via the SEC`s website under www.sec.gov. In addition, investors and security holders may obtain free copies of Taylor Morrison`s investor relations filings with the SEC from Taylor Morrison`s website under investors.taylormorrison.com or by contacting Taylor Morrison`s Investor Relations under investor@taylormorrison.com or by telephone at (480) 734-2060, and obtain free copies of William Lyon Homes` investor relations documents have been filed. The Lyon Homes website in www.lyonhomes.com or contact william Lyon Homes`Investor Relations at WLH@finprofiles.com or call (310) 622-8223. For more information about Taylor Morrison, Darling Homes and William Lyon Signature Home, see www.taylormorrison.com or www.darlinghomes.com. Taylor Morrison Home Corporation (NYSE: TMHC), a leading national developer and client, and William Lyon Homes (NYSE: WLH), one of the country`s largest owners in the western United States, today announced that they have entered into a final agreement under which Taylor Morrison will acquire all remaining common shares of William Lyon Homes for consideration per share of $(1) $2.50 in cash and (2) 0.800 common shares of Taylor Morrison.

Involves an enterprise value for William Lyon Homes of US$21.45 per share, or $2.4 billion, including the acquisition of debt, resulting in an attractive multiple purchase price of 1x pounds. The mix of the transaction consists of approximately 90 percent Taylor Morrison shares and 10 percent cash. Based on current trading, Taylor Morrison shareholders will own approximately 77 percent of the combined business, while William Lyon Homes shareholders will own approximately 23 percent. A public webcast to discuss this announcement will take place on November 6 at 8:30 a.m. .m Eastern Time. The number of participants is 1 (855) 470-8731 and the passport code is 1196546. A webcast recording will also be available on investors.taylormorrison.com later that day. Falling mortgage interest rates and the lack of existing homes for sale are now benefiting housing businesses amid COVID-19 disruptions. Taylor Morrison Home Corp. TMHC is no exception in this regard. The company`s shares rose on July 8 up 16.9%, after the announcement of record monthly orders in June.