May 27, 2008

Contact: Laura Armstrong

(703) 558-0670

Top Industry Achievers Receive Prestigious National Industry Awards

Awards Presented at 2008 National Congress & Expo for Manufactured and Modular Housing in Arlington, VA – April 23, 2008 Members of the manufactured and modular housing industries gathered today at an awards luncheon to recognize individuals and companies for outstanding achievements. The National Industry Awards, presented during the 2008 National Congress & Expo for Manufactured and Modular Housing, recognized the highest achievers from all sectors of the manufactured and modular housing industries – communities, retailers, suppliers, lenders, manufacturers, developers and state associations.

“We are extremely proud of these individuals and companies for their vision, dedication and energy in enhancing and moving the manufactured and modular housing industries forward. These prestigious awards represent the highest achievement within the manufactured and modular housing industries and are a testament to the hard work and pride each winner has put into their business,” said MHI President Gail Cardwell.

Retail Sales Center of the Year Awards:

The “Retail Sales Center of the Year” award entries were judged based on an entry statement, management philosophy, retail center aesthetics, marketing materials and community and industry involvement. The independent panel of judges selected the following Clayton retailers:

• •  (Northeast/Mid-Atlantic) – Clayton Homes Ridgeway, Ridgeway, VA
• •  (West) – Clayton Homes Evans, Evans, CO

National Awards

Every year industry leaders vote for the individuals and companies that are considered the best in their class. This year’s winners have shown great leadership and commitment to the industry over the last year. These award winners have been chosen by their peers to be honored with the prestigious 2008 manufactured housing industry awards. Among others the most notable is:

• •  Manufacturer of the Year – Clayton Homes, Maryville, TN

MHI is the national trade organization representing all segments of the manufactured and modular housing industries including manufacturers, retailers, community owners, suppliers, financial institutions, state associations and developers.

Contact: Chris Nicely

Phone: (865) 380-3000

Fax: (865) 380-3788

Clayton Homes Presents the 33rd Annual Showcase of Homes Features First Ever Clayton, New Home Giveaway

KNOXVILLE - The 33rd annual Clayton Showcase of Homes will run October 19-21, 2007, in the Knoxville Convention Center in downtown Knoxville, Tenn. The event is open to the public Friday through Sunday from 9:00 a.m. to 9:00 p.m. This is a unique opportunity to tour 29 new model homes - all built inside the Knoxville Convention Center. Home buyers will find the best value in housing in the most advanced housing product available today. Housing specialists and loan officers will be on site to answer questions and provide solutions. Admission is free, as it has been for 33 years.

"We design and build new homes that shoppers in the Southeast can see first every October in Knoxville," said Kevin Clayton, CEO Clayton Homes. "Buyers may tour the latest models and take advantage of pre-market pricing as well as special extras and bonuses made available at the show," Clayton continued. "The homes that participants will view were built in 10 building facilities surrounding east Tennessee." Clayton concluded, "It is an unusual opportunity for home buyers to have this many homes fully decorated and available for viewing in one location."

Celebrating the new models, Clayton will be giving one person the chance to win a brand new Clayton home. Twenty-five thousand mailers and fifteen thousand additional game cards will be distributed to give people in Knoxville and the Southeast a chance to win. No purchase is necessary, but each participant must scan a game card at an automated reader located at the Showcase of Homes. This marks the first time Clayton has offered one of its homes as the grand prize in any contest. In addition, any one not winning the new home will be entered into a drawing for a guaranteed daily winner of a $1,000 gift card.

The Showcase of Homes will help buyers to realize the Clayton advantage by turning a shopping experience into a buying opportunity. Vanderbilt Mortgage and Finance loan officers will be available to provide buyers with the very best competitive mortgage programs available, allowing buyers to understand the possibilities of home ownership, and to move to make their best deal.

Homes feature trusted brand name products from Shaw, Formica, GE, Johns Manville and Moen. In addition to quality materials used in building the homes, each floorplan boasts layouts targeting today's busy lifestyles. From luxury baths and gourmet kitchens featuring solid surface countertops and stainless steel appliances, to spacious master suites and comfortable, open great rooms, the Showcase of Homes offers homebuyers custom home options to suit every need. Many of the homes also earn the Environmental Protection Agency's Energy Star� seal of approval providing the highest possible energy efficiency rating in housing today. All Clayton homes are available with the Energy Star® package.

About Clayton:

Clayton Homes, Inc., (www.claytonhomes.com) and its subsidiary companies ("Clayton") together make up a vertically integrated manufactured housing company with 41 home building facilities, distributing through 451 company-owned home centers, and more than 1,200 independent retailers throughout the country. Clayton Homes, Inc. also provides financing for 330,000 customers and insurance protection for 160,000 families. In addition, Clayton is currently developing 13 large-scale housing developments.

Contact: Chris Nicely

chris.nicely@clayton.net

(865) 380-3000

Clayton Finds Home in Omaha

An expected crowd of more than 25,000 shareholders will attend this year's Berkshire Hathaway shareholders meeting in Omaha, Nebraska, on May 5. The largest Berkshire product evident as you enter the exhibit hall of Omaha's Qwest Center, will be the featured home of Clayton Homes, headquartered in east Tennessee. This home is designed for making higher-end amenities available to working American families. Described by Clayton Vice President of Marketing Chris Nicely as a rancher home with a "Summer Front Porch", he said that the home is "perfect for families wanting the best home at the best price." Nicely continued, "this home is perfect for active, growing families, with ample room to gather because of the open design of the kitchen, dining room and family room. It is an incredible value for the housing dollar."

For the fourth straight year, Clayton has spotlighted a featured home at the Berkshire Hathaway annual shareholders meeting. This year a spacious rancher style home, retailing for $139,000 (excluding land) is capturing the attention of everyone. The home was built in a Clayton manufacturing facility in Redwood Falls, MN and transported the short 266 miles to Omaha. However the model is available in many of the Clayton home centers and is available in 38 states. Over 1790 square feet at $78 a square foot, answers the needs of most American families with a mortgage of around $800 a month ($20% down and a rate of 8%).

In the 2006 shareholders letter, Warren Buffett stated "Clayton Homes remains an anomaly in the manufactured housing industry, which last year recorded its lowest unit sales since 1962." Buffett continued, "the driving force behind the company's success is Kevin Clayton. Kevin knows the business forward and backward, is a rational decision-maker and a joy to work with." Clayton quickly retorts that it is "a team of great people focused on a common goal that allows us to achieve anything."

Buffett added in his letter, "This year we will again showcase a Clayton home (featuring Acme brick, Shaw carpet, Johns Manville insulation, MiTek fasteners, Carefree awnings and NFM furniture). You will find that the home, priced at $139,900, delivers excellent value."

About Clayton:

Clayton Homes, Inc., (www.claytonhomes.com) is a vertically integrated manufactured housing company with 41 building facilities, distributing through 447 company-owned retail outlets, and more than 1200 independent retailers in the country, and provides financing for 330,000 customers and insurance protection for 160,000 families. Clayton also owns and operates 13 subdivisions.

Facts about the home being displayed:

• Chateau Elan
• • $139,000 including set up and A/C, perimeter
      brick wall, masonry front steps.


• • 1796 sq. ft. excluding porches.


• • $78/sq. ft.


• • Home is an off frame Modular.


• • Can be built on a basement.


• • Delivery, paint, furniture, d�cor (NOT included in price).


• • Home is available in 38 states.


•  


• • More information - www.claytonhomes.com.

April 11, 2007

Contact: Chris Nicely

(865) 380-3000

CLAYTON RECEIVES MANUFACTURER OF THE YEAR AWARD, Recognized by industry peers for unprecedented 7th time

Maryville, TN - Clayton was named 2007 "Manufacturer of the Year" by the Manufactured Housing Institute (MHI) at the National Congress and Expo for Manufactured and Modular Housing in Las Vegas, NV, on April 11. The recognition from MHI marks the seventh year that Clayton and its subsidiaries have been awarded the industry's most prestigious accolade awarded by industry peers.

Clayton received this prestigious recognition for company-wide focus on stability, customer satisfaction, safety, quality, diversity, consistency, and training. While the Manufacturer of the Year was the pinnacle of recognition, Clayton was acknowledged with several other awards including recognition for innovative home designs by two of Clayton's Family of Brands, Marlette Homes and Giles Industries for home designs over 1800 square feet and homes under 1200 square feet.

"We are proud to build high-value, affordable homes of superior quality to homebuyers across the country," said Rick Strachan, President of Clayton Homes Manufacturing. "This prestigious award is a great tribute to the tremendous effort of all our team members and the emphasis Clayton places on delivering the best home for the best price."

Adding to the weight of the ceremonies, Kevin Clayton, CEO of Clayton, was recognized as the "2007 Industry Person of the Year". Clayton remarked, "An award like this is indicative of the entire company and the lengths we go to in our retail, manufacturing and financial services divisions to bring the best we have to offer to the home buyer. It is also a testimonial to our commitment to community and our team's involvement in the towns in which they live. I accept the award for the more than 13,000 team members working every day to delight our customers."

"Exceptional role models have been honored for their significant contributions and extraordinary dedication to the manufactured housing industry. With their innovative thinking and "can-do" attitudes, they have promoted a positive image for the industry and demonstrated the industry's true potential. We are proud of their many accomplishments," said Gail Cardwell, President of MHI.

About Manufactured Housing Institute:

MHI is the national trade organization representing all segments of the manufactured and modular housing industries including manufacturers, retailers, community owners, suppliers, financial institutions, state associations and developers.

About Clayton:

Clayton Homes, Inc., (www.claytonhomes.com)is a vertically integrated manufactured housing company with 41 building facilities, distributing through 448 company-owned retail outlets, and more than 1200 independent retailers in the country, and provides financing for 330,000 customers and insurance protection for 160,000 families. Clayton also owns and operates 13 subdivisions.

CMH Manufacturing:

CMH Manufacturing is a division of Clayton Homes and builds homes under the Clayton, Crest, Giles, Golden West, Karsten, Marlette, Norris, Oakwood, Schult and Southern Energy brand names. Building and supplying homes to thousands of families from coast to coast, CMH Manufacturing delivers the Best Home Best Price™ available.

Chris Nicely

chris.nicely@clayton.net

(865) 380-3000

Maria Vargas

vargas.maria@epa.gov

(202) 343-9451

EPA NAMES CLAYTON HOMES', CMH MANUFACTURING 2007 ENERGY STAR® PARTNER OF THE YEAR

Clayton Homes' CMH Manufacturing earns award for protecting the environment through energy efficiency [Maryville, TN] – The U.S. Environmental Protection Agency (EPA) has named CMH Manufacturing, a division of Clayton Homes, as a 2007 ENERGY STAR® Partner of the Year for its outstanding contribution to reducing greenhouse gas emissions by building energy-efficient homes. CMH Manufacturing’s accomplishments will be recognized at an awards ceremony in Washington, D.C. on March 21, 2007.

CMH Manufacturing, an ENERGY STAR® partner since 2002, is being honored for building homes that meet EPA’s strict guidelines for energy-efficiency. ENERGY STAR® qualified new homes use substantially less energy for heating, cooling, and water heating – homeowners can expect to save about $200-$400 annually on their utility bills. Currently over 5,500 builders across all 50 states are constructing homes that meet EPA’s regulations for energy efficiency. More than 500,000 families now live in ENERGY STAR® qualified homes.

"We know that building energy efficient homes is a win for consumers and the environment." said Rick Strachan, President of CMH Manufacturing. "Our homes offer comfort and reliability, all while saving consumers money and protecting the planet. Our partnership with ENERGY STAR® makes this possible."

The 2007 Partner of the Year Awards are given to a variety of organizations to recognize their contribution to the creation of energy-efficient homes. Homes that have earned the ENERGY STAR® benefit the environment by providing homeowners with quiet and comfortable homes that save money on utility bills. Winners are selected from over 9,000 organizations that participate in the ENERGY STAR® program.

Last year alone, Americans with the help of ENERGY STAR®, saved $14 billion on their energy bills and reduced greenhouse gas emissions equivalent to those of more than 25 million vehicles.

"Partners like CMH Manufacturing are building a new generation of homes that reduce our impact on the environment," said Bill Wehrum, acting assistant administrator for EPA's Office of Air and Radiation. "Each ENERGY STAR® qualified new home prevents 4,500 pounds of greenhouse gas emissions each year, while giving homeowners greater comfort and lower energy bills."

About Clayton Homes:

Clayton Homes, Inc. (http://www.claytonhomes.com) is a vertically integrated manufactured housing company with 41 building facilities, distributing through 444 company-owned retail outlets, and more than 1200 independent retailers in the country, and provides financing for 330,000 customers and insurance protection for 160,000 families. Clayton also owns and operates 13 subdivisions.

CMH Manufacturing:

CMH Manufacturing is a division of Clayton Homes and builds homes under the Clayton, Crest, Giles, Golden West, Karsten, Marlette, Norris, Oakwood, Schult and Southern Energy brand names. Building and supplying homes to thousands of families from coast to coast CMH Manufacturing delivers the Best Home Best Price™ available.

About ENERGY STAR® :

ENERGY STAR® was introduced by the U.S. Environmental Protection Agency in 1992 as a voluntary market-based partnership to reduce greenhouse gas emissions through increased energy efficiency. Today, ENERGY STAR® offers businesses and consumers energy-efficient solutions to save energy, money and help protect the environment for future generations. More than 9,000 organizations are ENERGY STAR® partners committed to improving the energy efficiency of products, homes and businesses. For more information about ENERGY STAR® , visit http://www.energystar.gov or call toll-free 1-888-STAR-YES (1-888-782-7937).

CMH home as featured in the

New York Times features CMH Home in September 1st issue

The featured home is a 1710 square foot home with attached garage, sited on a 1/4 acre lot with views of the Smokey Mountains in Knoxville Tennessee. Situated in Eagle Creek, a Wimbledon Properties subdivision, the home includes every amenity imaginable. It is perfect for a second home or retirement residence.

Standard features include:

• Georgia Pacific® vinyl siding
• Centurion® Stone foundation
• GAF® 30 year architectural shingle
• 10’x20’ Veranda® Composite decking patio
• Moen® faucets
• 9 ft. ceiling throughout
• Crown moulding
• 42" raised panel solid oak cabinets
• Recessed kitchen lighting
• GE 18 cubic foot refrigerator w/ice maker
• GE 30" free standing range w/ built in microwave
• GE dishwasher
• GE disposal
• Shaw® carpeting
• Exterior security lighting
• Professional landscaping
• "2/10" Home Warranty
• Finished and insulated garage

With these standard features the comprehensive (land and home) price is $171,000<

The options package for the featured home includes:

• Insulated exterior Crane® board
• Pendant kitchen lighting
• GE Stainless steel appliance appearance package
• High back whirlpool tub
• Leaded glass feature front door
• Levered door handles
• Transom top lite windows and arched transom top picture window
• Sodded front yard and upgraded landscaping

With the option package, the price for this home sited in Knoxville, TN, with the lot included, totals $193,000

Clayton builds more than 1500 floor plans and goes to market under eight brands including Clayton, Schult, Oakwood, Marlette, Crest, Norris, Golden West and Karsten, available from 2000 Clayton retailers nationwide.

Contact: Chris Nicely

(865) 380-3000

Clayton Announces Acquisition of Southern Energy

Knoxville, TN - August 15, 2006 Clayton Homes, the nation's largest builder and retailer of manufactured housing, today announced that they have entered into a definitive Merger Agreement with Southern Energy Homes, Inc (SEHI - PK). Under the terms of the agreement, Southern Energy Homes, Inc.'s stockholders will receive cash of $8.50 per share in the merger.

Upon completion of the transaction, Southern Energy Homes, Inc. will become a wholly owned subsidiary of Clayton Homes. Southern Energy operates seven (7) manufacturing facilities producing more than 7000 homes annually and selling into more than twenty states. Southern Energy is currently marketed under five brand names and sold to over 350 nationally recognized premier retailers.

Rick Strachan, President of Clayton Manufacturing said, "We have long admired Southern Energy's unique product offerings and design characteristics which will further complement and enhance Clayton's distribution into prime markets."

Chief Executive Officer of Southern Energy Homes, Keith Holdbrooks, stated, "After 25 years of providing flexible, high value homes to our buyers, we recognized that a union of strength was required to leverage our experience, delivering even more value to our customers. By strengthening our position in future markets, we further the growth of our company and opportunities for our people."

Founded in 1982 by Wendell Batchelor, Southern Energy achieved immediate success in the market experiencing steady demand and growth. Recognized as an innovative homebuilder at all price points, Southern Energy is renowned for its creativity and home customization offerings.

Kevin Clayton, CEO of Clayton Homes, remarked, "We are enthusiastic about the opportunity to engage a team with such a rich heritage established by Wendell Batchelor and nurtured by Keith Holdbrooks. Southern Energy's 1500 dedicated team members will unite with Clayton to exceed customer expectations by delivering the best homes at the best price.

Closing of the transaction is subject to customary conditions, including additional due diligence and obtaining certain consents and regulatory approvals. The transaction is expected to close in the next 60 days.

About Southern Energy Homes, Inc.

Southern Energy Homes, Inc. (www.sehomes.com ) was founded in 1982 in Addison, Alabama. Southern Energy manufactures homes that are marketed primarily through more than 350 independent dealers in 21 states. The Company's brands include Southern Energy, Southern Estates, Southern Homes, Southern Energy of Texas and Giles Homes.

Clayton Homes, Inc.

Clayton Homes, Inc. and its subsidiaries (www.claytonhomes.com) make up a vertically integrated manufactured housing company with 36 building facilities, 448 company-owned stores, more than 1,400 independent retailers and financial services operations that provide mortgage services for more than 435,000 customers and insurance protection for 135,000 families.

May 6 , 2006

Clayton Takes Center Stage at Annual Berkshire Hathaway Shareholders' Meeting

(Omaha, NE - May 6, 2006) An expected crowd of more than 24,000 shareholders will attend this year's Berkshire Hathaway shareholders meeting. In the exhibit hall of Omaha's Qwest Center, where shareholders come to review Berkshire Hathaway products, center stage belongs to two Clayton homes.

Chris Nicely, Clayton vice president of marketing, describes these homes as front loaded homes, that are "perfect for narrow lot applications, city infill and development projects, and the redevelopment needs of the gulf coast areas of Mississippi and Louisiana".

"With styling featuring front porches" Nicely continued, "these homes are perfect for subdivision development, and represent a great value for the housing dollar."

"Charlie's Crib"

At a retail price of only $89,000* which includes set up and A/C, this Clayton home offers 1800 sq ft (excluding porches) at a modest $46/sq.ft.

Clayton vice president of marketing, Chris Nicely (r) inspects the two Clayton homes being readied for the Berkshire Hathaway shareholders' meeting in Omaha with BRK Co - Chairman Warren Buffett (l).

For the third straight year, Clayton has featured homes at the annual shareholders meeting. This year, two houses retailing for $79,000 and $89,000 (excluding land) are capturing the attention of everyone.

The homes were built in a Clayton manufacturing facility in Redwood Falls, MN and transported the short 266 miles to Omaha. Over 1700 square feet at $42 a square foot answers the needs of most American families with a mortgage of less than $500 a month.

In the 2005 shareholders letter, Warren Buffett stated “The star of our finance sector is Clayton Homes, masterfully run by Kevin Clayton." Clayton quickly retorts that it is “a team of great people focused on a common goal that allows us to achieve anything."

Always well covered by domestic media, this year’s meeting will attract an international crowd as well, including international press. It is expected that 550 international investors will be attending this year, the highest level ever. Berkshire Hathaway holds 43 different companies and generated $8.5 Billion dollars in net income in 2005.

Headquartered in Knoxville and Maryville, Clayton was acquired by Berkshire Hathaway three years ago and has been a rising star of the show ever since.

Acquiring Oakwood Homes out of bankruptcy, 21st Mortgage, Fleetwood Retail Corporation, Karsten Manufacturing as well several high profile loan portfolios, Clayton has been quietly growing to include 36 manufacturing facilities, 453 company owned retail sales outlets with more than $17 Billion in portfolio for over 400,000 customers and insurance protection for 135,000 families.

With a retail price of only $79,000* which includes set up and A/C, this Clayton home offers 1703 sq ft (excluding porches) at a modest $42/sq.ft.

Clayton team members discuss development options and strategies with shareholders at Berkshire Hathaway shareholders meeting exhibit hall.

The more than 14,000 team members that comprise Clayton are now recognized as the largest manufactured home builders, retailers and financiers in the country.

Facts about Charlie's (as in Munger) Crib and Warren's (as in Buffett) Pad, the names the Clayton team gave the homes for the meeting, are:

• • Homes displayed for narrow lot, urban renewal and coastal restoration (as in the case of Katrina rebuilding)
• • Homes were built in Redwood Falls, MN
• • Homes as shown are Modular; can also be built as HUD home
• • Can be built on a basement

*Some options shown are not included in the prices shown - a buyer must spec out a home with a housing consultant at a participating CMH retailer for complete home price.

Options not included in price:

Delivery, paint, furniture, brick foundation, box bays, tray ceiling, GE premium package (but kitchen appliances are included), washer/dryer, deluxe electrical pack, some bath and counter features.

Questions about Clayton Homes?

Contact: Chris Nicely

Vice President, Marketing

Clayton Homes, Inc.

865.380.3000 ext. 5431

Contact: Cheryl Hardee

703-558-0668

Clayton Homes/Golden West Awarded For New Manufactured Home Design

(Arlington, VA – April 19, 2006) Clayton Homes/Golden West has received the Manufactured Housing Institute’s (MHI) National Industry Award for "Production Multisection Manufactured Home over 1,800 square feet” for its "Golden Exclusive 621 FT” model. The award was presented today during the 2006 National Congress & Expo for Manufactured and Modular Housing, in Las Vegas, NV.

"Clayton Homes/Golden West has been honored for its excellence in home design and innovation. This year’s award winners demonstrate how the industry responds to the desires of homebuyers by building beautiful homes, with exceptional floor plans, and with the conveniences people demand for today’s lifestyle. We are proud of the accomplishments of these award winners. They are showcasing the best of what this industry builds today and are contributing to improving the industry’s position in today’s housing market,” said Chris Stinebert, president of MHI.

This was developed as a flex home that can be built as a two- or three-section home in order to incorporate different markets. The floor-plan versatility lends itself to medium and large families, and the full-width porch across the front creates a usable area to enjoy.

The National Industry Awards are presented annually. Entries submitted for awards in the "Production Multisection Manufactured Home over 1,800 square feet” category were judged by an independent panel of architects and building professionals.

MHI is the national trade organization representing all segments of the manufactured and modular housing industries, including manufacturers, retailers, community owners, suppliers, financial institutions, state associations and developers.

Contact: Cheryl Hardee

703-558-0668

Freedom Homes Named Manufactured Home Retail Sales Center of the Year (Northeast/Mid Atlantic)

(Arlington, VA – April 19, 2006) Freedom Homes, Beaver, WV, has received the Manufactured Housing Institute’s (MHI) National Industry Award for "Manufactured Home Retail Sales Center of the Year (Northeast/Mid Atlantic)." The award was presented today during the 2006 National Congress & Expo for Manufactured and Modular Housing, in Las Vegas, NV.

"Freedom Homes has been honored for its excellence in retail sales center design, display of model homes, marketing, management, and community and industry involvement. Its hard work, innovative thinking, and determination to promote a positive image for this industry are the reason for its success. Leaders such as this will help propel the industry to its highest potential," said Chris Stinebert, president of MHI.

The Freedom Homes motto is "We sell satisfaction!” During 2005, this sales center scored 100 percent in the Clayton Homes Customer Satisfaction Index program because 104 of 104 home buying customers say that they would buy another home from Freedom Homes of Beaver. Inside the office, potential homebuyers can read numerous letters from enthusiastic Freedom Home’ customers.

The sales center and display homes are kept in top condition with each member of the sales center team sharing the responsibility to maintain the appearance and safety of the sales center. The Freedom Homes staff has a reputation in the local and surrounding communities for honesty and integrity and for providing excellent service to their homebuyers. Freedom Homes’ general manager, Rocky Mills, says, "It all comes down to service… It doesn’t matter where you purchase or what you pay for your home, if you didn’t end up happy, you didn’t get a good deal."

The National Industry Awards are presented annually. Entries submitted for awards in the Retailer of the Year category were judged by an independent panel of professionals within the planning, community development, realtor, and homebuilding professions.

MHI is the national trade organization representing all segments of the manufactured and modular housing industries, including manufacturers, retailers, community owners, suppliers, financial institutions, state associations, and developers.