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Press Release | FOR IMMEDIATE RELEASE

For more information, contact:
ChaiTae Hasty-Rodriguez (951) 486-4468
chasty@co.riverside.ca.us

Chela Ortiz (909) 618-1519
cortiz-x@kbhome.com

KB Home-Riverside Pledges $1,000,000 to Riverside County Regional Medical Center
Foundation Homebuilder Will Assist Foundation in Raising Funds

RIVERSIDE, CA – (November 22, 2006) KB Home, Riverside Division has announced that they will assist the Riverside County Regional Medical Center Foundation in raising one million dollars for programs that focus on the well-being of residents in the Riverside community.

The announcement, made at the annual Festival of Trees auction by KB Home, Riverside Division President, Steve Ruffner, was accompanied by a check for $67,000 that will be put towards the million dollar goal. Over the next 15 years, KB Home pledges to raise the same amount each year through an annual golf tournament that they will sponsor, organize and facilitate.

“The Riverside County Regional Medical Center Foundation is pleased and honored to have KB Home become a major supporter of our Foundation’s mission and goals,” said Mike Marlatt, Chairman, Riverside County Regional Medical Center Foundation. “Their generous donation will provide for the welfare and medical care for citizens of Riverside County for years to come.”

The Foundation was formed in July of 1989 as a nonprofit organization dedicated to the mission of the Riverside County Regional Medical Center to provide quality medical services to all residents of Riverside County. Through the Foundation, the Riverside County Regional Medical Center provides comprehensive community-awareness and educational programs. They also assist with public relations and fundraising activities geared toward the goals of the Medical Center.

“Helping the communities in which we have a strong presence is a fundamental core value for KB Home,” added Ruffner. “We are excited about our partnership with the Foundation and we are committed to raising the million dollars for this worthwhile cause that will help so many in need.”

The first golf tournament is scheduled for April 23, 2007 at the Victoria Country Club in Riverside.

Building homes for nearly half a century, KB Home is one of America’s premier homebuilders with domestic operating divisions in some of the fastest-growing regions and states: West Coast—California; Southwest—Arizona, Nevada and New Mexico; Central—Colorado, Illinois, Indiana, Louisiana and Texas; and Southeast—Florida, Georgia, Maryland, North Carolina, South Carolina and Virginia. Founded in 1957, and ranked the #1 homebuilder in Fortune Magazine’s 2006 list of America’s Most Admired Companies, KB Home is a Fortune 500 company listed on the New York Stock Exchange under the ticker symbol “KBH.”  For more information, call 1-888-KB-Homes or visit www.kbhome.com.
 
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P.O. Box 9850, Moreno Valley, CA 92552, Phone: 951-486-4461, Fax: 951-486-4499

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