Supreme Industries Announces Extension of Stock Repurchase Program

    GOSHEN, Ind.--Jan. 28, 2003--Supreme Industries, Inc. (AMEX:STS) (the "Company"), announced that it has extended through December 31, 2003, its stock repurchase program, which has been in effect since January 31, 2001. Under the existing program, the Company authorized the repurchase of up to 1,000,000 shares of Class A Common Stock. Future purchases, if any, will be dependent on market conditions. Currently, there are 8,940,679 shares of Class A Common Stock outstanding.
    Supreme Industries, Inc., is a nationwide manufacturer of specialized truck bodies that are produced to the specifications of its customers. Supreme also manufactures the StarTrans(R) line of special-purpose "shuttle-type" buses. The Company's transportation equipment products are used by a wide variety of industrial and commercial customers.