William Lyon Homes Inc. announced that it has commenced a registered exchange offer for the $50 million aggregate principal amount of outstanding 7.00% Senior Notes due 2022 issued on September 15, 2015 in a private placement that was exempt from the registration requirements of the Securities Act of 1933, as amended. Holders of the Private Notes may exchange them for an equal principal amount of newly issued 7.00% Senior Notes due 2022 in an exchange offer that is registered under the Securities Act pursuant to an effective registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission. The exchange offer will expire at 5:00 p.m., New York City time, on the evening of February 9, 2016, unless extended or terminated.

Tenders of the Private Notes must be properly made before the exchange offer expires. Private Notes tendered in the exchange offer may be withdrawn at any time before the expiration time by following the procedures set forth in the exchange offer prospectus.