Five Point Holdings, LLC Announces Filing of Resale Shelf Registration Statement

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ALISO VIEJO, Calif.–(BUSINESS WIRE)–Five Point Holdings, LLC (“Five Point” or the “Company”) (NYSE:FPH)
today announced that it has filed a resale shelf registration statement
on Form S-3 with the Securities and Exchange Commission. The filing was
made in accordance with a registration rights agreement entered into
with certain shareholders in May 2016.

The registration statement relates to the possible offer and sale, from
time to time, by the selling shareholders named therein, of up to
42,763,078 Class A Common Shares of the Company, including 23,299,719
shares that are currently outstanding and 19,463,359 shares that may be
issued in the future in exchange for, or upon conversion of, other
securities of the Company or its subsidiaries, including units of the
Company’s operating partnership, Five Point Operating Company, LP. The
registration of these shares does not necessarily mean that any of the
shares will be offered or sold by the selling shareholders.

Although they are parties to the registration rights agreement, Lennar
Corporation and the Company’s Chairman and CEO and other management team
members declined to include their shares in the registration statement.
Lennar Corporation will have the right to register its shares at a later
date if it wants to do so.

The Company is not registering any shares to sell for itself, and will
receive no proceeds from any sales of shares by the selling
shareholders, but will incur expenses in connection with the

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any such offer,
solicitation or 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. A copy of the prospectus included in the
registration statement may be obtained from the Company at 25
Enterprise, Suite 300, Aliso Viejo, CA 92656, Attention: Chief Legal

About Five Point

Five Point, headquartered in Aliso Viejo, California, designs and
develops large mixed-use, master-planned communities in Orange County,
Los Angeles County, and San Francisco County that combine residential,
commercial, retail, educational, and recreational elements with public
amenities, including civic areas for parks and open space. Five Point’s
communities include the Great Park Neighborhoods® in Irvine, Newhall
Ranch® near Valencia, and The San Francisco Shipyard/Candlestick Point
in the City of San Francisco. These communities are designed to include
approximately 40,000 residential homes and approximately 21 million
square feet of commercial space.

Forward-Looking Statements

This press release may contain forward-looking statements, including
statements about any possible offer and sale of any shares by the
selling shareholders. Forward-looking statements concern expectations,
beliefs, projections, plans and strategies, anticipated events or trends
and similar expressions concerning matters that are not historical
facts. When used, the words “anticipate,” “believe,” “expect,” “intend,”
“may,” “might,” “plan,” “estimate,” “project,” “should,” “will,”
“would,” “result” and similar expressions that do not relate solely to
historical matters are intended to identify forward-looking statements.
We caution you that any forward-looking statements included in this
press release are based on our current views and information currently
available to us. Forward-looking statements are subject to risks,
trends, uncertainties and factors that are beyond our control. Some of
these risks and uncertainties are described in more detail in our
filings with the Securities and Exchange Commission, including our
annual report on Form 10-K, under the heading “Risk Factors.” Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, estimated or projected. We caution
you therefore against relying on any of these forward-looking
statements. While forward-looking statements reflect our good faith
beliefs, they are not guarantees of future performance. They are based
on estimates and assumptions only as of the date hereof. We undertake no
obligation to update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, new information, data or
methods, future events or other changes, except as required by
applicable law.


Five Point Holdings, LLC
Investor Relations:
Bob Wetenhall,
Churm, 949-349-1034

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