FLE Fleetwood Enterprises

Both Travel Trailer and Manufactured Housing Plants to Increase Production Immediately RIVERSIDE, Calif., Sept. 20 /PRNewswire-FirstCall/ -- Fleetwood Enterprises, Inc. (NYSE:FLE), a leading producer of recreational vehicles and manufactured housing, today announced that it has accepted orders for 7,500 travel trailers and 3,000 single-section manufactured homes for ultimate delivery to the Federal Emergency Management Agency (FEMA) as part of the agency's disaster relief plan in the aftermath of Hurricane Katrina. "The products we are building for FEMA are well suited to rapidly provide comfortable, temporary shelter to the hurricane-ravaged areas of the country," said Elden L. Smith, president and chief executive officer. "We also have a commitment to our dealer network to continue to supply them with homes and travel trailers. The fact that we have had excess capacity in our system will allow us to ramp up production quickly and begin meeting the increased demand. In fact, we are spreading the FEMA orders over the majority of our production facilities to position us to effectively serve all of our customers." Fleetwood's travel trailer plants have already begun production of the specialized travel trailers, the majority of which will be constructed to allow easy access for disabled residents. This week, the Company's manufactured housing plants will begin producing homes to the government's specifications, which include furnishings and air conditioning. The order for manufactured homes is to be completed by November 30, 2005, while the travel trailer order has a completion date of December 31, 2005. "We have all of the needed specifications in hand now, and, while these units are not our typical products, we believe we will soon be building them efficiently," Smith said. "The total value of the order to our Company is upwards of $170 million." About Fleetwood Fleetwood Enterprises, Inc. is a leading producer of recreational vehicles and 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, manufactured housing 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; the price of gasoline as it might impact recreational vehicle sales; 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. Actual results, events and performance may differ materially. Contact: Lyle Larkin, Vice President & Treasurer (951) 351-3535 or Kathy A. Munson, Director -- Investor Relations (951) 351-3650 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.fleetwood.com/

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