On November 3, 2015, the Board of Directors of William Lyon Homes voted to appoint Thomas F. Harrison as an independent member of the Board, effective January 1, 2016, which appointment will fill a current vacancy on the Board. The initial term of Mr. Harrison's appointment will be from January 1, 2016 until the next annual meeting of stockholders for the election of directors. As of the date of this filing, the Board has not yet determined on which of its committees, if any, Mr. Harrison will serve.

Mr. Harrison is currently an Executive Director of Colony Capital Inc., where he has served since 1992, and has demonstrated a strong record of executive leadership and success in opportunistic real estate private equity investing, business planning, investment analysis, underwriting and origination, asset and portfolio management, and business development.