CTX Qwest Corp. 7.00% Notes Due 2052

Centex Completes Stock Split DALLAS, March 12 /PRNewswire-FirstCall/ -- Centex Corporation today completed a previously announced two-for-one stock split in the form of a 100 percent stock dividend to its stockholders of record as of February 29, 2004. At a special meeting held February 25, 2004, Centex stockholders approved a proposal to amend the company's charter to increase its authorized common stock from 100 million shares to 300 million shares. The approval of this proposal enabled Centex to effect today's stock split. Following the split, Centex has approximately 123 million common shares outstanding. Through its subsidiaries, Dallas, Texas-based Centex is one of the nation's leading single-family home builders, non-bank-affiliated retail mortgage originators and general building contractors and also has operations in home services and investment real estate. Forward-Looking Statements. 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 isdiscussing 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 suchforward-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 theCompany'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. These and other factors are described in the Company's most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2003, and the Company's Quarterly Reports on Form 10-Q for the quarters ended June 30, 2003, September 30, 2003, and December 31, 2003, which are filed with the Securities and Exchange Commission. 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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