M.D.C. Holdings to Webcast Live Its Presentation at the Smith Barney Citigroup 17th Annual Global Industrial Manufacturing Conference

M.D.C. Holdings, Inc. announced that it will be making a presentation at the Smith Barney Citigroup 17th Annual Global Industrial Manufacturing Conference to be Webcast live Tuesday, March 9, 2004, at 10:30 a.m. EST. The presentation can be heard live, and will be available for replay through March 31, 2004, by entering the M.D.C. Holdings, Inc. website, , clicking on "Investor Relations" and selecting "Smith Barney Citigroup Investor Conference." The Company's presentation materials for the conference will be available by the end of the day and can be viewed on the Investor Relations page as well under the heading "Smith Barney Citigroup Conference Financial Presentation." Participants are encouraged to log in at least five minutes prior to the start of the presentation.

MDC, whose subsidiaries build homes under the name "Richmond American Homes," is one of the largest homebuilders in the United States. The Company also provides mortgage financing, primarily for MDC's homebuyers, through its wholly owned subsidiary HomeAmerican Mortgage Corporation. MDC is a major regional homebuilder with a significant presence in some of the country's best housing markets. The Company is the largest homebuilder in Colorado; among the top five homebuilders in Northern Virginia, suburban Maryland, Phoenix, Tucson, Las Vegas and Salt Lake City; and among the top ten homebuilders in Northern California and Southern California. MDC also has a growing presence in Dallas/Fort Worth and has recently entered the Houston, San Antonio, Philadelphia/Delaware Valley, West Florida, Jacksonville and Chicago markets. For more information, please visit .

SOURCE: M.D.C. Holdings, Inc.

CONTACT: Paris G. Reece III, Chief Financial Officer, +1-303-804-7706,, or Rachel Neumann, Communications Director, +1-303-804-7729,, both of M.D.C. Holdings, Inc.