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Centex Homes Renews Commitment to The Nature Conservancy.

Home Builder Has Contributed $1.3 Million to Help Preserve America's Last

Great Places Over Past 2 Years

DALLAS, July 30 /PRNewswire/ --

Centex Homes, one of the nation's leading home builders, announced today it has renewed its annual commitment to The Nature Conservancy, a leading nonprofit environmental organization that promotes the preservation of natural habitats and ecological resources.

Centex Homes embarks on its third year of commitment by donating $35 to The Nature Conservancy for each new home the company sells. The first two years of the relationship have yielded approximately $1.3 million in donations based on Centex Homes' more than 39,000 home closings during the period. Centex Homes expects its contributions will total more than $2 million by the end of its current fiscal year.

Tim Eller, chairman and chief executive officer of Dallas-based Centex Homes said, "We have grown by building neighborhoods across the United States that support the quality of life we enjoy. Our work with The Nature Conservancy allows us to further support the quality of life in this country and beyond by helping to protect the lands and waters that support the diversity of all life on Earth."

Robert Potts, The Nature Conservancy state director of Texas said, "We are truly appreciative of the positive relationship we continue to enjoy with the management, employees and customers of Centex Homes. They are strong supporters of our efforts to preserve sensitive ecological resources and habitats. Our relationship is unique because it not only provides monetary support, but it also plays a substantial role in reaching out to thousands and informing them about our mission to save America's last great places."

Centex Homes' commitment to The Nature Conservancy is a key component of its corporate-giving program focused on giving back to the land, home and people through strategic partnerships with leading national nonprofit organizations. In addition to support for The Nature Conservancy, Centex Homes is a "cornerstone" supporter of Habitat for Humanity International, having this year agreed to a five-year, $5 million commitment to help the Americus, Ga.-based organization build housing for families who could not normally afford a home.

Centex Homes also funds two academic scholarship programs. The "Build Your Future" program provides scholarships and Centex Homes internships to students seeking careers in the home building industry. A second scholarship program through the National Housing Endowment, the philanthropic arm of the National Association of Home Builders, supports deserving students at universities throughout the United States.

Centex Homes' $35 per home contribution to The Nature Conservancy can directly impact preservation worldwide. For example, a $35 donation to The Nature Conservancy can protect an entire acre of Brazilian tropical rainforest. In the United States, Centex Homes' support will contribute directly to the protection and management of high priority projects among The Nature Conservancy's existing nature preserves throughout the nation.

Based in Arlington, Va., The Nature Conservancy is a private, international nonprofit organization established in 1951 to preserve plants, animals and natural communities that represent the diversity of life on Earth by protecting lands and waters they need to survive. To date, the Conservancy and its 1 million members have been responsible for the protection of 11.6 million acres in the United States, and have helped through partnerships to preserve more than 60 million acres in Latin America, the Caribbean, Canada and the Pacific. The Nature Conservancy owns and manages 1,320 preserves, the largest private system of nature sanctuaries in the world.

Centex Homes operates in approximately 80 markets in 23 states. It expects to deliver more than 21,000 homes during its current fiscal year, which ends March 31, 2002. The Dallas-based home builder is a subsidiary of Centex Corporation (NYSE: CTX), a Fortune 500 company.

Centex, through its other subsidiaries, ranks as one of the nation's largest non-bank-affiliated retail mortgage loan originators and general building contractors. The company also has operations in home services and investment real estate, and owns a majority interest in a publicly held construction products company. Centex ranks No. 1 for the second consecutive year on Fortune magazine's list of "America's Most Admired Companies"(TM) in the engineering and construction category.

For more information, visit Centex Homes at www.centexhomes.com and The Nature Conservancy: www.tnc.org .

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Date:Jul 30, 2001
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