Toll Brothers’ Website to Broadcast Its August 24, 2011 "Third Quarter 2011 Earnings” Conference Call Live

Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, will broadcast live on its website, www.tollbrothers.com, a conference call to discuss its third quarter 2011 earnings results. The event is scheduled for 2:00 P.M. (EDT) on Wednesday, August 24, 2011. It will follow announcement of the Company’s third quarter 2011 results for earnings, revenues, contracts and backlog before the market opens on Wednesday, August 24, 2011. The call will be hosted by Douglas C. Yearley, Jr., Chief Executive Officer.

The call can be accessed through the Investor Relations portion of Toll Brothers’ website, www.tollbrothers.com. To hear the call, enter the Toll Brothers’ website, then click on the Investor Relations page, and select "Conference Calls”. The call can be heard live with an on-line replay. Podcast (iTunes required) and MP3 format replays will be available approximately 48 hours after the conference call via the "Conference Calls” section of the Investor Relations portion of the Toll Brothers’ website.

Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL." The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas, and Virginia.

Toll Brothers builds an array of luxury residential communities, principally on land it develops and improves: single-family detached and attached home communities, master planned resort-style golf communities, and urban low-, mid- and high-rise communities. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, house component assembly, and manufacturing operations.

Toll Brothers is honored to have won the three most coveted awards in the homebuilding industry: America's Best Builder from the National Association of Home Builders, the National Housing Quality Award, and Builder of the Year. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. For more information, visit www.tollbrothers.com.