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Supreme Industries Commences 2M Share Dutch Auction Repurchase

12 April 1999

Supreme Industries Commences 2,000,000 Share Dutch Auction Repurchase

    GOSHEN, Ind., April 12 -- Supreme Industries, Inc.
(Amex: STS), a leading manufacturer of specialized truck bodies and shuttle
buses, announced today that it is commencing a "Dutch Auction" self-tender
offer to purchase for cash up to 2,000,000 shares of its issued and
outstanding Class A and Class B Common Stock, par value $.10 per share.  The
tender offer begins on Monday, April 12, 1999, and expires (unless extended)
at 5:00 p.m., New York City time, on Monday, May 10, 1999.
    Terms of the tender offer, which are described more fully in the Offer to
Purchase and Letter of Transmittal, invite the Company's stockholders to
tender up to 2,000,000 Shares of the Company's Class A and Class B Common
Stock to the Company at prices not greater than $10, nor less than $8.75 per
share, as specified by the tendering stockholders.  The Company's Class B
Common Stock is convertible into the Company's Class A Common Stock on a
one-for-one basis.
    The Company will, subject to the terms and conditions of the offer,
determine the lowest single per share price (not greater than $10 nor less
than $8.75 per share) net to the Seller in cash that will allow the Company to
purchase 2,000,000 shares (or such lesser number of shares as are validly
tendered and not withdrawn) pursuant to the offer.  Such lowest single per
share price will be the purchase price the Company will pay for all shares
validly tendered at prices at or below such purchase price and not withdrawn
(subject to the terms and conditions of the offer).  Shares tendered at prices
in excess of the purchase price, and shares not purchased because of
proration, will be returned at the Company's expense.  The Company reserves
the right, in its reasonable discretion, to purchase more than
2,000,000 shares pursuant to the offer.
    Herbert M. Gardner, Chairman of the Company, said, "Considering our
confidence in the future of Supreme Industries and the current trading range
of our Class A Common Stock, the Board of Directors has determined that the
repurchase of our stock is an appropriate investment and is in the long-term
best interest of our shareholders.  At the same time, our offer provides an
opportunity to those who wish to sell shares in what has been a difficult
market for small capitalization stocks."
    Neither the Company nor its Board of Directors makes any recommendation to
any shareholder as to whether to tender or refrain from tendering shares
pursuant to the offer.  The offer is being made to all holders of the
Company's Common Stock including officers, directors, and affiliates of the
Company.
    The Depositary is American Stock Transfer & Trust Company, and the
Information Agent is Georgeson & Company Inc.  The Offer to Purchase, Letter
of Transmittal, and related documents will be mailed to stockholders of record
and will also be made available for distribution to beneficial owners of the
Company's Common Stock.  Additional copies may be obtained from Georgeson
& Company Inc., Wall Street Plaza, New York, New York 10006.
Telephone: 800-223-2064.