FLE Fleetwood Enterprises

Fleetwood Enterprises Announces Third Quarter Conference Call to Be Held on March 3, 2005 Third Quarter and Nine-Month Results to Be Released Before Market Opens RIVERSIDE, Calif., Feb. 25 /PRNewswire-FirstCall/ -- Fleetwood Enterprises, Inc. (NYSE:FLE), the nation's largest manufacturer of recreational vehicles and a leading producer and retailer of manufactured housing, will host a conference call to discuss the results for its fiscal third quarter ended January 23, 2005. The Company will release its results and file its 10-Q before market on the same day. The call will be held on Thursday, March 3, 2005, at 10:30 a.m. Pacific Daylight Time, and will be broadcast live over the Internet at http://www.streetevents.com/, http://www.fulldisclosure.com/, and the Company's website, http://www.fleetwood.com/, under Company Information. Fleetwood had previously announced that it would hold an additional conference call when an agreement was reached with the lending syndicate on its secured credit facility. Because the discussions with the bank group provided an opportunity to incorporate additional changes to the credit facility beyond simply amending the EBITDA covenant, the amendment has not yet been completed. Management has been advised by Bank of America, as agent for the syndicate, that an amendment will be executed before the announcement of results next Thursday. The amendment will, at a minimum, address the covenant issue, and negotiations have also included a request for greater seasonal flexibility under the line. However, because the timing of the two events will now nearly coincide, the conference call on March 3 will address both the lending agreement and the quarterly results. About Fleetwood Fleetwood Enterprises, Inc., is one of the nation's largest producers of recreational vehicles, from motor homes to travel and folding trailers, and is a leader in the building, retailing and financing of manufactured homes. This Fortune 1000 company, headquartered in Riverside, Calif., is dedicated to providing quality, innovative products that offer exceptional value to its customers. Fleetwood operates facilities strategically located throughout the nation, including recreational vehicle and manufactured housing plants, retail home centers, and supply subsidiary plants. For more information, visit the Company's website at http://www.fleetwood.com/. This press release contains certain forward-looking statements and information based on the beliefs of Fleetwood's management as well as assumptions made by, and information currently available to, Fleetwood's management. Such statements reflect the current views of Fleetwood with respect to future events and are subject to certain risks, uncertainties, and assumptions, including risk factors identified in Fleetwood's 10-K and other SEC filings. These risks and uncertainties include, without limitation, the cyclical nature of both the manufactured housing and recreational vehicle industries; ongoing weakness in the manufactured housing market; continued acceptance of the Company's products; the potential impact on demand for Fleetwood's products as a result of changes in consumer confidence levels; the effect of global tensions on consumer confidence; expenses and uncertainties associated with the introduction and manufacturing of new products; the future availability of manufactured housing retail financing, as well as housing and RV wholesale financing; exposure to interest rate and market changes affecting certain of the Company's assets and liabilities; availability and pricing of raw materials; changes in retail inventory levels in the manufactured housing and recreational vehicle industries; competitive pricing pressures; the ability to attract and retain quality dealers, executive officers and other personnel; and the Company's ability to obtain financing needed in order to execute its business strategies, including its ability to negotiate amendments or modifications to its existing credit facilities. For further information, please contact: Lyle Larkin, Vice President & Treasurer, +1-951-351-3535, or Kathy A. Munson, Director - Investor Relations, +1-951-351-3650, both of Fleetwood Enterprises, Inc. DATASOURCE: Fleetwood Enterprises, Inc. CONTACT: Lyle Larkin, Vice President & Treasurer, +1-951-351-3535, or Kathy A. Munson, Director - Investor Relations, +1-951-351-3650, both of Fleetwood Enterprises, Inc. Web site: http://www.streetevents.com/ Web site: http://www.fulldisclosure.com/ Web site: http://www.fleetwood.com/

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