The Ryland Group Amends Date of Shareholder of Record for Dividend Eligibility

The Ryland Group, Inc. (NYSE: RYL) has amended the record date for the $0.03 per share dividend, payable April 30, 2012, from April 15, 2012 to April 16, 2012. Therefore, the correct record date for the $0.03 per share dividend payable April 30, 2012 is April 16, 2012.

Headquartered in Southern California, Ryland is one of the nation’s largest homebuilders and a leading mortgage-finance company. Since its founding in 1967, Ryland has built more than 295,000 homes and financed more than 245,000 mortgages. The Company currently operates in 13 states across the country and is listed on the New York Stock Exchange under the symbol “RYL.” For more information, please visit www.ryland.com.