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Cavalier Sets Annual Meeting Date.

Business Editors

ADDISON, Ala.--(BUSINESS WIRE)--Jan. 30, 2002

The Board of Directors of Cavalier Homes, Inc. (NYSE:CAV) today announced that it has set May 21, 2002, as the date for the Annual Meeting of Shareholders. The meeting will be held at 10:00 A.M. (Central Time) at

the Summit Club in Birmingham, Alabama. Shareholders of record at the close of business on March 22, 2002, will be entitled to vote at the Annual Meeting.

Cavalier Homes, Inc. and its subsidiaries produce, sell, and finance manufactured housing. The Company markets its homes primarily through independent dealers, including exclusive dealers that carry only Cavalier products, and provides financial services to retail purchasers of manufactured homes sold through its exclusive dealer network.

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