UCP, Inc. Announces Public Offering of Class A Common Stock


UCP, Inc. Announces Public Offering of Class A Common Stock

SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (the "Company") announced today that it has commenced a public offering of 7,750,000 shares of its Class A common stock. The initial public offering price is currently expected to be between $15.00 and $17.00 per share. The Company expects to grant the underwriters an option to purchase up to an additional 1,162,500 shares. The Class A common stock has been approved for listing on the New York Stock Exchange under the symbol "UCP."

UCP, LLC intends to use the net proceeds from the offering for general corporate purposes, such as the acquisition of land, and for land development, home construction and other related purposes.

Citigroup, Deutsche Bank Securities and Zelman Partners LLC are acting as joint book-runners of the offering. JMP Securities is acting as manager of the offering. The offering of these securities is being made only by means of a prospectus. Copies of the preliminary prospectus can be obtained from:

Citigroup Global Markets Inc.
Attention: c/o Broadridge
Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (800) 831-9146

Deutsche Bank Securities Inc.
Attention: Prospectus Group
60 Wall Street
New York, NY 10005-2836
Phone: (800) 503-4611
Email: prospectus.cpdg@db.com

A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About UCP, Inc.

UCP, Inc. is a homebuilder and land developer, with significant land acquisition and entitlement expertise, in growth markets in Northern California and with a growing presence in attractive markets in the Puget Sound area of Washington State.

Forward-Looking Statements

This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements include information concerning the Company's possible or assumed future results of operations, including descriptions of the Company's business strategy. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are based on assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Although the Company believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance they will prove to be correct. Therefore, you should be aware that many factors could affect the Company's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors are discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections and elsewhere in the Company's registration statement.

You should keep in mind that any forward-looking statement made by the Company herein, or elsewhere, speaks only as of the date on which made. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

Investor Relations:
UCP, Inc.
Jeremy Pinchot/Rodny Nacier
408-323-1113 Ext. 476

KEYWORDS: United States North America California


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