Cavalier Homes and Southern Energy Homes Complete Merger

Cavalier Homes, Inc. (NYSE Amex: CAV) today announced that it has completed the merger of the Company with Southern Energy Homes, Inc. Cavalier's shares will cease trading on the NYSE Amex market at the close of business today.

Under terms of the merger, Cavalier's stockholders will receive $2.75 in cash for each share they own. BNY Mellon Shareowner Services has been appointed paying agent and will notify former Cavalier stockholders in the near future regarding instructions for the exchange of their stock.

Cavalier Homes, Inc. and its subsidiaries produce and sell manufactured housing. The Company markets its homes primarily through independent dealers, including exclusive dealers that carry only Cavalier products.

Addison, Alabama-based Southern Energy Homes, Inc., a wholly owned subsidiary of Clayton Homes, is the industry leader in producing top-quality, customizable homes.

Cavalier Homes (AMEX:CAV)
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