CTX Qwest Corp. 7.00% Notes Due 2052

Centex Board Increases Share Repurchase Authorization DALLAS, Feb. 17 /PRNewswire-FirstCall/ -- Centex Corporation today announced that the board of directors has increased the company's share repurchase authorization of its common stock to 2,000,000 shares. Purchases will be made from time-to-time in the open market, principally to minimize the dilutive effect of stock option exercises. "This increase in the authorization represents the company's ongoing financial strength and its commitment to enhance shareholder value," said Lel Echols, executive vice president and chief financial officer. Through its subsidiaries, Centex is one of the nation's leading single- family home builders, non-bank affiliated retail mortgage originators and general building contractors. The company also has operations in home services and investment real estate. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statement and generally arise when the Company is discussing its beliefs, estimates or expectations. These statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results and outcomes may differ materially from what is expressed or forecast in such forward-looking statements. The principal risks and uncertainties that may affect the Company's actual performance and results of operations include the following: general economic conditions and interest rates; the cyclical and seasonal nature of the Company's businesses; adverse weather; changes in property taxes and energy costs; changes in federal income tax laws and federal mortgage financing programs; governmental regulation; changes in governmental and public policy; changes in economic conditions specific to any one or more of the Company's markets and businesses; competition; availability of raw materials; and unexpected operations difficulties. Other risks and uncertainties may also affect the outcome of the Company's actual performance and results of operations. CPLBF DATASOURCE: Centex Corporation CONTACT: Leldon E. Echols, Executive Vice President & Chief Financial Officer, or Matthew G. Moyer, Vice President - Investor Relations, both of Centex Corporation, +1-214-981-5000 Web site: http://www.centex.com/

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