Fleetwood Names New Members to Its Board of Directors

RIVERSIDE, Calif., Sept. 23, 2002 Fleetwood Enterprises, Inc., the nation's largest manufacturer of recreational vehicles and a leading producer and retailer of manufactured housing, announced today that the Company has appointed two new members to its board of directors to fill vacancies. Three longstanding members have been re-elected by the shareholders at the Company's recent annual meeting.

Edward B. Caudill, 59, president and CEO of Fleetwood Enterprises, Inc. since August 12, 2002, and J. Michael Hagan, 63, were newly appointed effective September 10, 2002.

Caudill has 25 years of management experience with leading manufacturers and distributors. Before joining Fleetwood, he had been a vice president of PACCAR since 1996 and general manager of its Kenworth Truck Company, a manufacturer of heavy-duty on- and off-highway trucks and medium-duty trucks, since 1997.

Hagan is the former Chairman and CEO of Furon Company, where he had held a number of management positions during his 32 years with the company. Furon was listed on the NYSE before its sale to Saint Gobain Company. Hagan currently sits on the board of directors of Ameron International, where he chairs the finance committee and is a member of the audit committee; Freedom Communications, for which he chairs the compensation committee; Pimco Funds, where he is a member of the audit committee; Remedy Temp, where he chairs the executive committee and sits on the compensation committee; and Saint Gobain Corporation, where he is a member of the benefits review committee. Hagan holds a bachelor's degree in economics from Santa Clara University, and currently serves as the president of the university's Board of Regents.

In addition to these new members, Loren K. Carroll, Dr. Douglas M. Lawson and John T. Montford were elected to additional three-year terms. The Board also elected Thomas B. Pitcher, who has been serving as interim chairman since February 2002, as chairman of the board. Pitcher, 63, will serve a three-year term.