Supreme Industries, Inc. Declares a Three Cent Cash Dividend

GOSHEN, Ind.--Jan. 2, 20046, 2004--Supreme Industries, Inc. (AMEX:STS) (the "Company") announced today a cash dividend on its outstanding Class A and Class B Common Stock. Stockholders of record as of February 6, 2004, will receive three cents ($0.03) for each share owned on that date, payable on February 16, 2004. This cash dividend, which is a 20 percent increase from the previous cash dividend of $0.025, is the second quarterly cash dividend in what the Company intends to be a continuing series of quarterly cash dividends, business conditions permitting.

As of January 23, 2004, Supreme Industries had 11,975,588 shares of Common Stock outstanding consisting of 9,866,455 shares of Class A Common Stock and 2,109,133 shares of Class B Common Stock.

The Company stated that this cash dividend is made in recognition of Supreme Industries' continuing growth and favorable long-term outlook.

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.

This Press Release contains forward-looking statements, other than historical facts, that reflect the view of the Company's management with respect to future events. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that the expectations reflected in such forward-looking statements are reasonable, and can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from such expectations include, without limitation, limitations on the availability of chassis on which the Company's product is dependent, availability of raw materials, and severe interest rate increases. The Company assumes no obligation to update the forward-looking statements or to update the reason actual results could differ from those contemplated by such forward-looking statements.