Company: LEN
Filing Date: 2025-10-14
Form Type: 425
Source: 0001193125-25-237365
Chunk: 5

Company: LENNAR CORP /NEW/
Filing Date: 2025-10-14
Form: 425
Chunk 5
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APs of Lennar Class A Common Stock and Millrose Class A Common Stock for the first and second day of the Averaging Period. During the first two days of the Averaging Period, the indicative exchange will be updated on this website each day by 4:30 p.m., New York City time. The final exchange ratio, including whether the upper limit on the number of shares can be received for each share of Lennar Class A Common Stock validly tendered is in effect, will be announced by press release and be available on this website by 9:00a.m., New: City time, on the trading day immediately preceding the expiration dote of the Exchange Offer expiration date, if the Exchange Offer is not extended or terminated, would be November 7, 2025). Prior to and during the Averaging Period, the data based on which the daily VWAP is determined will only take into account adjustments made to reported trades included by 4:10p.m., New York City time. October 10, 2025 $ 119.2876 N/A” $ 30.9701 NIA N/A NIA (1) Seethe section In the Prospectus “The Exchange Of let-Terms of the Odd-lots”. L.P.

Other Related Information The agent for the Exchange Offer is: George son 51 West 52nd Street. 6th Floor New York, NY 10019 (888} 624-7035 {to all-free for all shareholders In the United States} (218) 209-2908 (all others outside of the United States) the informal agent for the Exchange Offer is: George son 51 West 52nd Street. 6th Floor New York, NY 10019 (888} 624-7035 {to all-free for all shareholders In the United States} (218) 209-2908 (all others outside of the United States) Forward-Looking Statements This communication contains certain statement about Lennar and Mill rose that are forward-looking statements. Forward-looking statements are based on current expectations and assumptions regarding Lennar’s and Mill rose’s respective businesses, the economy and other future conditions. In addition, the forward ·looking statements contained in this communication may include statements about the expected effects on Lennar and Millrose of the Exchange Offer, the anticipated timing and benefits of the Exchange Offer, Lennar’s and Mill roses anticipated financial results, and all other statements in this communication