THE RYLAND GROUP, INC. & SUBSIDIARIES

Quarterly Financial Data and Common Stock Prices and Dividends

COMMON STOCK PRICES AND DIVIDENDS

The Ryland Group, Inc. lists its common shares on the New York Stock Exchange, trading under the symbol RYL. The table below presents the high and low market prices and dividend information for the Company. The number of common stockholders of record as of February 18, 1999, was 3,114. (See Note I for dividend restrictions)

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