Business Editors/Education Writers

TALLAHASSEE, Fla.--(BUSINESS WIRE)--Jan. 31, 2003

Florida State University will embark on the first step of a historic journey when the construction management team of Centex Rooney/LLT (a joint venture) breaks ground on the Basic Sciences Complex next

"We're thrilled to begin the construction phase of this revolutionary FSU project," stated John Cammack, Centex Rooney's Executive Vice President and head of the West Florida Division. "We want to serve as a partner in the College of Medicine's mission to change the face of medical education in Florida."

"Our team is proud to pioneer the westward development of Florida State's campus," added Dennis Tribble, President of LLT Building Corporation. "The enhanced teaching and research facilities of the Basic Sciences Complex will further propel FSU to the top ranks of academic research nationwide."

The Basic Sciences Complex construction schedule is estimated to run from February 2003 through substantial completion in April 2004.

Florida State's College of Medicine will sprawl over the 216,296 gross square feet of the Basic Sciences Complex located on the western edge of the Main Campus in Tallahassee. The Basic Sciences Complex will feature "Jacobean" architecture consistent with the rest of the campus. Red brick facades with pavilions, ornamental stone details, and pitched roofs punctuated by dormers and gables highlight this style.

Centex Rooney, Florida's largest general contractor and construction manager, is a subsidiary of Centex Construction Group, a division of Centex Corporation (NYSE:CTX). Through other subsidiaries, Dallas-based Centex ranks as one of America's largest home builders and non-bank-affiliated retail mortgage originators. Centex also has operations in home services, financial services and investment real estate, and owns a majority interest in a publicly held construction products company. Centex ranks No. 1 for the third consecutive year on FORTUNE magazine's list of "America's Most Admired Companies"(TM) in the engineering and construction category.

LLT Building Corporation is one of North Florida/South Georgia's fastest growing management and construction companies. LLT's diverse portfolio of commercial structures includes professional office buildings, historic renovations, financial and health-related institutional buildings, religious sanctuaries, and K-12 and post-secondary educational facilities. LLT has teamed with FSU on more than a dozen campus projects.