EXHIBIT 99.1 The following Directors and Executive Officers of M.D.C. Holdings, Inc. have exercised stock options during 1998 and 1999 through September 30, 1999: Name Date Shares Herbert T. Buchwald 1/23/98 25,000 Gilbert Goldstein 1/23/98 75,000 William B. Kemper 1/28/98 25,000 Steven J. Borick 2/12/98 50,000 David D. Mandarich 6/1/98 75,000 Herbert T. Buchwald 7/23/98 25,000 Steven J. Borick 7/23/98 75,000 William B. Kemper 7/23/98 25,000 Herbert T. Buchwald 7/28/98 25,000 David D. Mandarich 10/22/98 100,000 Gilbert Goldstein 11/16/98 10,000 Gilbert Goldstein 11/16/98 5,000 Gilbert Goldstein 11/16/98 10,000 Paris G. Reece III 3/24/99 50,000 David D. Mandarich 3/24/99 50,000 Michael Touff 3/24/99 30,000 Michael Touff 9/23/99 20,000 -------- Total $675,000 ========