Market Overview

Skyline and Champion Home Builders Announce Closing of Business Combination to Create Skyline Champion Corporation


Skyline Corporation ("Skyline") and Champion Enterprises Holdings, LLC
("Champion"), the parent company of Champion Home Builders, Inc., today
announced the closing of the previously announced combination of their
operations. The combined company will now operate as Skyline Champion
Corporation and its common stock will trade on the New York Stock
Exchange under the ticker symbol "SKY." Skyline had previously traded on
the NYSE American exchange under the same ticker symbol.

"We are very excited to close the transaction and look forward to
operating as Skyline Champion Corporation," said Keith Anderson, Skyline
Champion's Chief Executive Officer. "Skyline Champion is now the largest
independent publicly traded factory-built housing company in the United
States with combined revenue of more than $1.3 billion. The increased
size and scale, coupled with a strong balance sheet and significant cash
flow generation capability, has us well positioned to execute our long
term growth strategy."

"There is a tremendous opportunity for Skyline Champion to take
advantage of the attractive market dynamics in the industry given our
broader geographic footprint across North America and our enhanced
product offering. We will remain committed to providing quality products
and outstanding customer service as we focus on executing our strategy
on our newly enhanced platform."

"As we integrate the businesses, we continue to expect to achieve
synergies of approximately $10 to $15 million, primarily driven by
direct cost savings, reduced overhead costs and operational improvement
opportunities. Additional synergies are expected through cross-selling
and distribution optimization through the combined company's owned and
independent dealer network."

"The complementary cultures and shared values of our legacy businesses
are evident in the deep commitment to providing solutions to customers
and delivering a broad range of quality products and value-added
services. I am confident that this will translate into future success of
Skyline Champion."

"I would like to thank the employees of both Skyline Corporation and
Champion for all the hard work and cooperation during the past few
months and look forward to the success of our new unified family of
Skyline Champion Corporation."

In conjunction with the closing of the transaction, Skyline issued
approximately 47.8 million shares to Champion, representing 84.5% of the
common stock of the combined company on a fully-diluted basis. Skyline
also declared a special cash dividend of $0.62381 per share of Skyline's
common stock that was paid on May 31, 2018 to Skyline's shareholders of
record at the close of business on May 25, 2018.

Jefferies LLC served as financial advisor to Skyline and Barnes &
Thornburg LLP acted as Skyline's legal counsel. Ice Miller LLP acted as
legal counsel to Skyline's Special Committee of the Board. RBC Capital
Markets, LLC served as financial advisor to Champion and Ropes & Gray
LLP acted as Champion's legal counsel. Taft Stettinius & Hollister LLP
acted as Indiana legal counsel to Champion.

About Skyline Champion Corporation:


Skyline Champion Corporation (NYSE:SKY) was formed in June of 2018 as
the result of the combination of Skyline Corporation and the operating
assets of Champion Enterprises Holdings, LLC. The combined company
employs more than 6,800 people and is the largest independent
factory-built housing company in North America. With more than 65 years
of homebuilding experience and 36 manufacturing facilities throughout
the United States and western Canada, Skyline Champion is well
positioned with a leading portfolio of manufactured and modular homes,
park-models and modular buildings for the multi-family, hospitality,
senior and workforce housing sectors.

In addition to its core home building business, Skyline Champion
operates a factory-direct retail business, Titan Factory Direct, with 21
retail locations spanning the southern United States, and Star Fleet
Trucking, providing transportation services to the manufactured housing
and other industries from 10 dispatch locations across the United States.

Skyline Champion builds homes under some of the most well know brand
names in the factory-built housing industry including Skyline Homes,
Champion Home Builders, Athens Park Models, Dutch Housing, Excel Homes,
Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan
Homes in the U.S. and Moduline and SRI Homes in western Canada.

Learn more about our products and services the following company brand

Manufactured and Modular Homes

Park Model RVs

Modular Buildings

Retail Sales Centers

Transportation Services

Forward-Looking Statements

Statements in this press release regarding the potential benefits
created by the transaction, including potential synergies, the future
strategy of Skyline Champion Corporation, and the future performance of
Skyline Champion Corporation are intended to be covered by the safe
harbor for "forward-looking statements" provided by the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements generally can be identified by use of words such as
"believe," "expect," "future," "anticipate," "intend," "plan,"
"foresee," "may," "should," "will," "estimates," "potential,"
"continue," or other similar words or phrases. Similarly, statements
that describe objectives, plans, or goals also are forward-looking
statements. Such forward-looking statements involve inherent risks and
uncertainties, many of which are difficult to predict and are generally
beyond the control of Skyline Champion Corporation. Skyline Champion
Corporation cautions readers that a number of important factors could
cause actual results to differ materially from those expressed in,
implied, or projected by such forward-looking statements. Risks and
uncertainties include, but are not limited to: Skyline Champion
Corporation's inability to realize the expected benefits from the
proposed transaction, general economic conditions; availability of
wholesale and retail financing; the health of the U.S. housing market as
a whole; federal, state, and local regulations pertaining to the
manufactured housing industry; the cyclical nature of the manufactured
housing industry; general or seasonal weather conditions affecting
sales; potential impact of natural disasters on sales and raw material
costs; potential periodic inventory adjustments by independent
retailers; interest rate levels; the impact of inflation; the impact of
high or rising fuel costs; the cost of labor and raw materials;
competitive pressures on pricing and promotional costs; Skyline Champion
Corporation 's relationships with its shareholders, customers, and other
stakeholders; catastrophic events impacting insurance costs; the
availability of insurance coverage for various risks to Skyline Champion
Corporation; market demographics; and management's ability to attract
and retain executive officers and key personnel and other risks and
uncertainties more fully described in Skyline's definitive proxy
statement for the special meeting of Skyline shareholders to consider
matters related to the transactions between Skyline and Champion , as
filed with the Securities and Exchange Commission ("SEC"), as well as
the other filings that Skyline Champion Corporation makes with the SEC.
Investors and stockholders are also urged to read the risk factors set
forth in the proxy statement carefully.

If any of these risks or uncertainties materializes or if any of the
assumptions underlying such forward-looking statements proves to be
incorrect, the developments and future events concerning Skyline
Champion Corporation set forth in this press release may differ
materially from those expressed or implied by these forward-looking
statements. You are cautioned not to place undue reliance on these
statements, which speak only as of the date of this document. We
anticipate that subsequent events and developments will cause our
expectations and beliefs to change. Skyline Champion Corporation assumes
no obligation to update such forward-looking statements to reflect
events or circumstances after the date of this document or to reflect
the occurrence of unanticipated events, unless obligated to do so under
the federal securities laws.

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