KB Home Declares Quarterly Dividend

Business Wire, Oct 3, 2002

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Oct. 3, 2002

The board of directors of KB Home (NYSE:KBH) has declared a quarterly cash dividend of seven and one-half cents ($.075) per share on the company's Common Stock, payable on November 27, 2002 to shareholders of record on November 13, 2002.

KB Home is one of America's premier homebuilders with domestic operating divisions in the following regions and states: West Coast -- California; Southwest -- Arizona, Nevada and New Mexico; and Central -- Colorado, Texas and Florida. Kaufman & Broad S.A., the Company's majority-owned subsidiary, is one of the largest homebuilders in France. In fiscal 2001, the Company delivered 24,868 homes in the United States and France. It also operates KB Home Mortgage Company, a full-service mortgage company for the convenience of its buyers. Founded in 1957, KB Home is a Fortune 500 company listed on the New York Stock Exchange under the ticker symbol "KBH." For more information about any of KB Home's new home communities, call 1-888-34-HOMES or visit the Company's web site at www.kbhome.com.