Centex Rooney Awarded Construction Management Contract for Florida Center for the Arts and Education.

Business Editors

ORLANDO, Fla.--(BUSINESS WIRE)--March 11, 2002

Centex Rooney Construction Company has been named construction manager for the Florida Center for the Arts and Education (FCAE), the University of Central Florida's planned multi-use facility to be constructed in downtown Orlando.

The complex, estimated at 350,000 square feet, will provide state-of-the-art facilities for theater and music performance and production, and will include the following components:

-- 2,200-seat lyric theater;

-- 600-seat proscenium flex theater;

-- 200-seat drama studio;

-- 300-seat music recital hall;

-- classroom, office and support space; and

-- retail and security space and parking.

FCAE is currently in the first phase of a two-part pre-construction process. The project budget is under development and expected to be finalized in a program verification phase.

Centex Rooney and its parent company, Centex Corporation, have built numerous performing arts centers across the country, including the world-renowned Meyerson Symphony Center in Dallas; Jacksonville Times Union Performing Arts Center; and Tampa Bay Performing Arts Center.

"We are pleased to continue our successful working relationship with UCF," said Rob Baker, Centex Rooney vice president and FCAE project executive. "We are proud to contribute our experience and talent to what we know will become a landmark for the university, City of Orlando and all of Central Florida."

Centex Rooney Construction Company maintains seven offices throughout the State of Florida and is a leader in the commercial construction industry, providing general contracting, at-risk construction management, turn-key and design/build services for retail, corporate office, education, hospitality, healthcare and government-related facilities. Centex Rooney, Florida's largest general contractor and construction manager, is a subsidiary of Centex Construction Group, a division of Centex Corporation (NYSE:CTX). Centex ranks No. 1 for the second consecutive year on FORTUNE(R) magazine's list of "America's Most Admired Companies" in the engineering and construction category.