FOR IMMEDIATE RELEASE

INVESTOR AND MEDIA CONTACTS:

Anthony S. Cleberg                  Colleen T. Bauman
Chief Financial Officer             Investor Relations
(248) 340-9090                      (248) 340-7731


                           CHAMPION MANAGEMENT REPORT

AUBURN HILLS, MICHIGAN, MARCH 25, 2002 -- The following Management Report from
Walter R. Young, Chairman, President and CEO of Champion Enterprises, Inc.
(NYSE: CHB), was posted to Champion's website and sent to interested parties
today.

     With Spring, increased consumer retail traffic and higher tax refunds,
optimism rises. The start to 2002 is encouraging, with February year-to-date
industry wholesale shipments up almost 12% from a year ago.

     With the decline in home-only consumer financing for the industry,
consumers and retailers continue to shift to real estate mortgages. We believe
that cash and real estate loans were an estimated 20% of industry new home
funding in 2000, 50% in 2001 and 60% so far this year. This shift, particularly
with the Texas legislation effective January 2002, builds in a 60-day or more
lag time to complete a consumer sale. As a result of the shift to real estate
mortgage financing, we are experiencing a delayed seasonal increase in sales and
a higher retail pipeline for deals waiting to be closed. Particularly during
this seasonally slower quarter, this shift has reduced sales volume at our
company-owned and independent retailers.

     As a result, for the first quarter ending March 30, 2002 we anticipate that
sales will be off about 5% from a year ago, or in the range of $305-$315
million. We expect a loss in the range of $0.23-$0.27 per diluted share in the
three-month period. These amounts will compare to a loss of $0.55 per diluted
share on revenues of $326 million in the quarter ended March 31, 2001. Prior
year results include $0.07 per diluted share for non-cash fixed asset impairment
charges related to closed homebuilding facilities and retail sales centers and
$0.05 per diluted share for goodwill amortization expense. Although we'll report
a loss in the first quarter, encouraging signs include manufacturing sales
increases, cutting our operating losses by about one-third on lower sales
volume, and more projected funding of real estate mortgages in our retail
pipeline.




     Conseco's withdrawal from industry wholesale floor plan lending is orderly,
with the four other national lenders, as well as regional and local banks,
increasing their floor plan lending volumes. As to our company-owned retailers'
inventory financing, we believe that we have the liquidity and borrowing
potential from other lenders to make a smooth transition. Because of the
strength of our independents, we expect that they will also be able to obtain
financing for their inventories from other sources and that any repurchase
obligations will be manageable.

     Even with consumer home-only loan originations dropping, it appears that
real estate lenders are increasing their industry financing. We still feel that
our 2002 industry forecasts can be supported by available consumer financing,
assuming cash sales and real estate loans reach 70% of industry funding. Again,
our industry estimates are for 200,000 wholesale shipments and 208,000 new
retail home sales this year.

     Despite the delay in sales due to the real estate pipeline buildup, we are
encouraged by the increase in industry wholesale shipments, the orderly exit of
Conseco from wholesale lending, and the speed at which retailers are learning
the real estate mortgage and construction loan processes. We continue to expect
a profitable 2002 and to have sufficient liquidity to manage through the last of
this industry rebalancing. On Wednesday, April 17 we announce our first quarter
results and look forward to talking with you then. In the meantime, think
Spring!

                                      Walt

     Champion Enterprises, Inc., headquartered in Auburn Hills, Michigan, is the
industry's leading manufacturer and has produced nearly 1.6 million homes since
the company was founded. The company operates 48 homebuilding facilities and 214
retail locations. Champion's homes are also sold by more than 1,000 independent
retail locations that have joined either the Champion Home Center or the
Alliance of Champions retail distribution networks and by 400 builders and
developers. Further information can be found at the company's website,
www.championhomes.net.

     This Management Report contains certain statements, including our
assessment of industry trends, real estate mortgage funding, sales, earnings and
liquidity forecasts, manufacturing activity, cash sales, floor plan activity,
assessments of repurchase obligations, and industry forecasts and estimates,
which could be construed to be forward looking statements within the meaning of
the Securities and Exchange Act of 1934. These statements reflect the company's
views with respect to future plans, events and financial performance. The
company does not undertake any obligation to update the information contained
herein, which speaks only as of the date of this Management Report. The company
has identified certain risk factors which could cause actual results and plans
to differ substantially from those included in the forward looking statements.
These factors are discussed in the company's most recently filed Form 10-K, and
that discussion regarding risk factors is incorporated herein by reference.