Lennar Corporation Declares Quarterly Dividends MIAMI, March 29 /PRNewswire-FirstCall/ -- Lennar Corporation (NYSE:LEN andNYSE:LEN.B), one of the nation's largest homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.1375 per share for both Class A and Class B common stock payable on May 16, 2005 to holders of record at the close of business on May 6, 2005. Lennar Corporation, founded in 1954, is headquartered in Miami, Florida and is one of the nation's leading builders of quality homes for all generations, building affordable, move-up and retirement homes. The Company operates primarily under the Lennar and U.S. Home brand names and utilizes a Dual Marketing strategy consisting of the Everything's Included(R) and Design Studio(SM) programs. Lennar's Financial Services Division provides mortgage financing, title insurance, closing services and insurance agency services for both buyers of the Company's homes and others. Its Strategic Technologies Division provides high-speed Internet and cable television services to residents of the Company's communities and others. Previous press releases may be obtained at http://www.lennar.com/. This press release may include "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Many factors could cause our actual activities or results to differ materially from the activities and results anticipated in forward- looking statements. These factors include those described under the caption "Risk Factors Relating to Our Business" in Item 1 of our Annual Report on Form 10-K for the fiscal year ended November 30, 2004. We do not undertake any obligation or duty to update forward-looking statements to reflect either the occurrence or non-occurrence of any of the risk factors, or to reflect any other future event or circumstance. http://www.newscom.com/cgi-bin/prnh/20040604/LENLOGODATASOURCE: Lennar Corporation CONTACT: Marshall Ames, Investor Relations of Lennar Corporation, +1-305-485-2092 Web site: http://www.lennar.com/ Company News On-Call: http://www.prnewswire.com/comp/507038.html

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