Greg Norman To Design Signature Golf Course For Toll Brothers In Jupiter Florida

JUPITER, Fla. (June 6, 2005) - Greg Norman Golf Course Design (GNGCD) and Toll Brothers, Inc., one of the nation's leading builders of luxury homes, have entered into an agreement for Norman to design a championship golf course at Jupiter Country Club. The project is located at the intersection of Indiantown Road and Florida's Turnpike and is situated on 483 acres.

"This will be my first design for Toll Brothers and my first project in Palm Beach County," said Norman. "We are very excited about working with one of the most successful home developers in the United States on perhaps the best undeveloped parcel of land in the area. Jupiter Country Club will be a landmark project for both Toll Brothers and GNGCD."

Toll Brothers will build approximately 266 detached single-family homes and 394 attached town homes at Jupiter Country Club. Amenities in addition to the golf course will include a private golf clubhouse with dining room, a separate health and fitness clubhouse with pool, tennis courts, state-of-the-art fitness center and members' grille. Home prices are expected to begin in the $700,000s to $1.3 million range. Jupiter Country Club is expected to open for sales in early 2006.

"We are proud to have the opportunity to work with Greg Norman on this project. He's one of the top stars and his talent will ensure a world-class golf course. The combination of a Greg Norman Signature golf course and Toll Brothers luxury homes will make Jupiter Country Club one of the most sought-after addresses in Palm Beach County and a great addition to our current list of 21 communities in Florida," said Robert I. Toll, Chairman and CEO of Toll Brothers, Inc.

During his 30-year professional golf career, Norman has collected more than 90 international victories including two British Open Championships and 20 U.S. PGA Tour titles. The same commitment and determination that made Norman the No.1 player in the world for 331 weeks and resulted in a World Golf Hall of Fame induction now propels his multi-national company, Great White Shark Enterprises, to similar achievements.

"Toll Brothers has hired us to design a member-friendly course that will also challenge the low handicap player," said Jason McCoy, Senior Vice President of GNGCD. "Fairways and areas of turf will be very generous. The master plan is unique as the golf course corridors are large by modern standards and the golfer will never feel as if the homes intrude on the course. Large lakes also separate and buffer the course from the real estate. Unique to this site, the seventh hole will feature a large mature cypress head that was preserved in the master planning process."

First established in 1987 in Sydney, Australia, Greg Norman Golf Course Design is today recognized as one of the premier signature golf course design firms. Now headquartered in Jupiter, Florida, with sister facilities and personnel in Sydney, GNGCD has opened 48 courses for play worldwide, with an additional 20 projects in various stages of development. GNGCD also has projects in Mexico, Korea, China, Australia, South America, the UAE, Poland and Spain. Greg Norman has long held an environmentally friendly position throughout the design and construction of his golf courses adhering to a least-disturbance approach that focuses on every opportunity to incorporate unique existing site features into the layout of the golf course. For more information, visit www.gngcd.com.

Toll Brothers, Inc. began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange and the Pacific Exchange under the symbol "TOL". The company serves move-up, empty-nester, active-adult and second-home home buyers and operates in 20 states. Toll Brothers builds luxury single-family detached and attached home communities, master planned luxury residential resort-style golf communities and urban low, mid- and high-rise communities, principally on land it develops and improves. Toll Brothers is the only publicly traded national home building company to have won all three of the industry's highest honors: America's Best Builder from the National Association of Home Builders, the National Housing Quality Award and Builder of the Year. For more information visit www.tollbrothers.com.