-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 F8rQMgek7vSefcnjsvFJjivrEP5ubre9+C0G2NX3Zt/433B4WeMexG91trCWWMmH
 kh3cory3cBspNBJuMT+v5g==

<SEC-DOCUMENT>0000950123-09-058405.txt : 20091105
<SEC-HEADER>0000950123-09-058405.hdr.sgml : 20091105
<ACCEPTANCE-DATETIME>20091105161556
ACCESSION NUMBER:		0000950123-09-058405
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20091105
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20091105
DATE AS OF CHANGE:		20091105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAVCO INDUSTRIES INC
		CENTRAL INDEX KEY:			0000278166
		STANDARD INDUSTRIAL CLASSIFICATION:	MOBILE HOMES [2451]
		IRS NUMBER:				860214910
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08822
		FILM NUMBER:		091161353

	BUSINESS ADDRESS:	
		STREET 1:		1001 N. CENTRAL AVE
		STREET 2:		SUITE 800
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004
		BUSINESS PHONE:		602-256-6263

	MAIL ADDRESS:	
		STREET 1:		1001 N. CENTRAL AVE
		STREET 2:		SUITE 800
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c91969e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV style="font-size: 10pt">
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): November 5, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>Cavco Industries, Inc.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>000-08822</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>56-2405642</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>1001 North Central Avenue, Suite 800, Phoenix, Arizona<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>85004</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(602) 256-6263</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>Not applicable<BR></B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<P>
<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="justify" style="font-size: 10pt"><B>Item&nbsp;2.02. Results of Operations and Financial Condition</B>


<P align="justify" style="font-size: 10pt; text-indent: 1%">On November&nbsp;5, 2009, Cavco Industries, Inc., a Delaware corporation (the &#147;Corporation&#148;), announced its financial
results for its fiscal second quarter and six months ended September&nbsp;30, 2009. A copy of the Corporation&#146;s press
release announcing these financial results is attached as Exhibit&nbsp;99.1 hereto and incorporated in this Item&nbsp;2.02 by
reference.


<P align="justify" style="font-size: 10pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits</B>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&nbsp;</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>99.1</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated November&nbsp;5, 2009</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" style="font-size: 10pt; text-indent: 3%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.


<P align="justify" style="font-size: 10pt; margin-left: 46%; font-size: 10pt">CAVCO INDUSTRIES, INC.


<P align="justify" style="font-size: 10pt; margin-left: 46%; font-size: 10pt">By: <U><B>/</B>s/ Daniel L. Urness&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name: Daniel L. Urness<BR>
Title: Chief Financial Officer<BR>


<P align="justify" style="font-size: 10pt">Date: November&nbsp;5, 2009

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>&nbsp;</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>&nbsp;</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>99.1</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated November&nbsp;5, 2009</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4




</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c91969exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="right" style="font-size: 10pt; margin-top: 10pt"><B>Exhibit&nbsp;99.1</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><IMG src="c91969p9196901.gif" alt="(NEWS RELEASE)">
</DIV>

<TABLE width="90%">
<TR><TD style="font-size: 1pt; color: #FFFFFF"><B><I>For additional information, contact:</I></B>
<B>Joseph Stegmayer</B>
Chairman and CEO
Phone: 602-256-6263
joes@cavco.com
<B>On the Internet:</B>
www.cavco.com
a)
Joseph Stegmayer
Chairman and CEO
Phone: 602.256.6263
joes@cavco.com
<B>On the Internet:</B>
www.cavco.com
b)
Joseph Stegmayer
Chairman and CEO
Phone: 602.256.6263
joes@cavco.com
<B>On the Internet:</B>
www.cavco.com
<B><I>For additional information, contact:</I></B>
c)
Joseph Stegmayer
Chairman and CEO
Phone: 602.256.6263
joes@cavco.com
<B>On the Internet:</B>
www.cavco.com
d)
Stegmayer
Chairman and CEO
Phone: 602.256.6263
joes@cavco.com
<B>On the Internet:</B>
www.cavco.com
News Release</TD>
</TR>
</TABLE>



<DIV align="right" style="font-size: 10pt; margin-top: 10pt"><U><B><I>FOR IMMEDIATE RELEASE</I></B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CAVCO INDUSTRIES REPORTS FISCAL SECOND QUARTER RESULTS</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">PHOENIX, November&nbsp;5, 2009 &#151; Cavco Industries, Inc. (NASDAQ: CVCO) today announced financial
results for the second quarter and first six months of its fiscal year 2010 ended September&nbsp;30,
2009.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">As previously reported, Cavco and an investment partner, Third Avenue Value Fund (&#147;Third
Avenue&#148;), acquired certain manufactured housing assets of Fleetwood Enterprises, Inc. on August&nbsp;17,
2009 (&#147;Date of Acquisition&#148;) through their jointly owned corporation, FH Holding, Inc., now named
Fleetwood Homes, Inc. (&#147;Fleetwood Homes&#148; or the &#147;subsidiary&#148;).
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The transaction included seven manufactured housing plants located in Nampa, Idaho; Woodburn,
Oregon; Riverside, California; Waco, Texas; Lafayette, Tennessee; Douglas, Georgia; and Rocky
Mount, Virginia, and two idled factories located in Woodland, California and Waco, Texas. In
addition, Fleetwood Homes purchased all related equipment, accounts receivable, inventory, certain
trademarks and trade names, intellectual property, and specified contracts and leases and assumed
express warranty liabilities pertaining to certain of the previous operations. The purchase price
of the transaction was $25.8&nbsp;million and was paid in cash by the subsidiary. Neither Cavco nor
Fleetwood Homes incurred debt in connection with the purchase or subsequent operations.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Financial information for Fleetwood Homes is included in the Cavco Industries, Inc.
consolidated financial statements since the Date of Acquisition. Fleetwood Homes was formed by
Cavco and Third Avenue with each contributing $35.0&nbsp;million in exchange for equal ownership
interests. Although Cavco holds a fifty-percent financial interest in the new subsidiary,
Fleetwood Homes is required to be fully consolidated under generally accepted accounting
principles. Third Avenue&#146;s financial interest in Fleetwood Homes is considered a &#147;noncontrolling
interest,&#148; as determined by generally accepted accounting principles. As a result, amounts
attributable to Third Avenue are stated under the caption &#147;noncontrolling interest&#148; in the
consolidated financial statements.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Net sales for the second quarter of fiscal 2010 totaled $29,377,000, down 2% from $30,030,000
for the second quarter of fiscal year 2009.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Net loss attributable to Cavco stockholders for the fiscal 2010 second quarter was $163,000
compared to net income of $518,000 reported in the same quarter one year ago. Net loss per share
based on basic and diluted weighted average shares outstanding was $0.03 versus basic and diluted
net income per share of $0.08 last year. During the quarter we incurred $711,000 in non-recurring
acquisition related costs for the purchase of the Fleetwood Homes assets.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">For the first six months of fiscal 2010, net sales decreased 34% to $42,972,000 from
$65,539,000 for the comparable prior year period. Net loss attributable to Cavco stockholders for
the first half of fiscal 2010 was $1,612,000 compared to net income of $1,371,000 last year. For
the six months ended September&nbsp;30, 2009, net loss per share based on basic and diluted weighted
average shares outstanding was $0.25, versus basic and diluted net income per share of $0.21 and
$0.20, respectively for the prior year period.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Commenting on the quarter, Joseph Stegmayer, Chairman, President and Chief Executive Officer,
said, &#147;We are pleased to report, for the first time, the results of our newly expanded operations
after successfully completing the purchase of the Fleetwood Homes assets. Our performance, while
modest, was encouraging considering the challenges current economic conditions presented. Diligent
efforts are underway to grow sales volume and improve profit margins at
all ten of our factories. A particular focus this quarter was on controlling operating and
overhead costs in connection with the acquisition.&#148;
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Mr.&nbsp;Stegmayer continued, &#147;During the entire purchase process, we were driven by our belief in
the long-term opportunities associated with the Fleetwood Homes brand and operations, and
encouraged by the tangible enthusiasm of the Fleetwood people. Combining Fleetwood Homes with the
strength of Cavco&#146;s business, we are building a formidable nationwide competitor in the
manufactured housing industry.&#148;
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Cavco&#146;s senior management will hold a conference call to review these results tomorrow,
November&nbsp;6, 2009, at 11:00 AM (Eastern Time). Interested parties can access a live webcast of the
conference call on the Internet at www.cavco.com under the Investor Relations link, or the web site
www.opencompany.info. An archive of the webcast and presentation will be available for 90&nbsp;days at
www.cavco.com under the Investor Relations link.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Cavco Industries, Inc., headquartered in Phoenix, Arizona, is the 2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> largest
producer of HUD code manufactured homes in the United States, based on reported wholesale shipments
of both Cavco and Fleetwood Homes. The Company is also a leading producer of park model homes and
vacation cabins in the United States.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><I>Certain statements contained in this release are forward-looking statements within the meaning
of Section&nbsp;27A of the Securities Act of 1933, Section&nbsp;21E of the Securities and Exchange Act of
1934 and the Private Securities Litigation Reform Act of 1995. In general, all statements that are
not historical in nature are forward-looking. Forward-looking statements are typically included,
for example, in discussions regarding the manufactured housing and site-built housing industries;
our financial performance and operating results; and the expected effect of certain risks and
uncertainties on our business, financial condition and results of operations. All forward-looking
statements are subject to risks and uncertainties, many of which are beyond our control. As a
result, our actual results or performance may differ materially from anticipated results or
performance. Factors that could cause such differences to occur include, but are not limited to:
adverse industry conditions; general deterioration in economic conditions and continued turmoil in
the credit markets; a write-off of all or part of our goodwill, which could adversely affect
operating results and net worth; the cyclical and seasonal nature of our business; limitations on
our ability to raise capital; curtailment of available financing in the manufactured housing
industry; our contingent repurchase obligations related to wholesale financing; competition; our
ability to maintain relationships with retailers; labor shortages; pricing and availability of raw
materials and unfavorable zoning ordinances; our ability to successfully integrate Fleetwood Homes
and any future acquisition or attain the anticipated benefits and the risk that the acquisition of
Fleetwood Homes and other future acquisitions may adversely impact our liquidity; together with all
of the other risks described in our filings with the Securities and Exchange Commission. Readers
are specifically referred to the Risk Factors described in Item&nbsp;1A of the 2009 </I><I>Form 10-K</I><I>, as may be
amended from time to time, which identify important risks that could cause actual results to differ
from those contained in the forward-looking statements. Cavco expressly disclaims any obligation to
update any forward-looking statements contained in this release, whether as a result of new
information, future events or otherwise. Investors should not place any reliance on any such
forward-looking statements.</I>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">(more)
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CAVCO INDUSTRIES, INC.<BR>
CONSOLIDATED BALANCE SHEETS</B><BR>
(Dollars in thousands)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="66%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">September 30,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">March 31,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">(Unaudited)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>ASSETS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">82,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">70,557</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Short-term investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,481</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,464</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Restricted cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">422</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">244</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accounts receivable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,164</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,234</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,333</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Prepaid expenses and other current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,541</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,676</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Deferred income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,683</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,434</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124,735</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97,942</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Property, plant and equipment, at cost:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Land</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,194</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,580</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Buildings and improvements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,040</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,355</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Machinery and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,858</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,203</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48,092</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,138</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accumulated depreciation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9,788</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9,279</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,304</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,859</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inventory finance notes receivable, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,163</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">484</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goodwill and other intangibles, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68,939</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67,346</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">235,141</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">178,631</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accounts payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,118</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">739</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accrued liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,577</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,753</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,695</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,492</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,867</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,099</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Commitments and contingencies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cavco Industries, Inc. stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Preferred Stock, $.01 par value; 1,000,000 shares authorized;
<BR>No shares issued or outstanding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Common Stock, $.01 par value; 20,000,000 shares authorized;
<BR>Outstanding 6,509,684 and 6,506,843 shares, respectively</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Additional paid-in capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">126,255</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">126,045</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Retained earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,318</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,930</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total Cavco Industries, Inc. stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">146,638</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">148,040</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Noncontrolling interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,941</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Total equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">181,579</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">148,040</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total liabilities and stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">235,141</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">178,631</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">(more)
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CAVCO INDUSTRIES, INC.<BR>
CONSOLIDATED STATEMENTS OF OPERATIONS</B><BR>
(Dollars in thousands, except per share amounts)<BR>
(Unaudited)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6">Three Months Ended</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6">Six Months Ended</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000">September 30,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000">September 30,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">29,377</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">30,030</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">42,972</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">65,539</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cost of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25,229</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,329</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,730</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57,650</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross profit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,148</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,701</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,242</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,889</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling, general and administrative expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,541</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,145</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,010</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,246</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(Loss) income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(393</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">556</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,768</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,643</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">285</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">579</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(Loss) income before income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(364</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">841</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,712</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,222</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income tax benefit (expense)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">142</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(323</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,041</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(851</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net (loss)&nbsp;income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(222</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">518</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,671</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,371</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Less: net loss attributable to
noncontrolling interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(59</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(59</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net (loss)&nbsp;income attributable to
Cavco Industries, Inc. common stockholders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(163</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">518</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(1,612</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,371</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net (loss)&nbsp;income per share attributable to
Cavco Industries, Inc. common stockholders:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(0.03</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(0.25</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(0.03</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(0.25</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted average shares outstanding:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,507,547</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,484,362</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,507,225</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,472,677</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,507,547</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,705,005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,507,225</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,695,902</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">(more)
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>CAVCO INDUSTRIES, INC.<BR>
OTHER OPERATING DATA &#151; CONTINUING OPERATIONS</B><BR>
(Dollars in thousands, except average sales price amounts)<BR>
(Unaudited)
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6">Three Months Ended</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6">Six Months Ended</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000">September 30,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000">September 30,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2008</TD>
    <TD>&nbsp;</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Manufacturing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">28,736</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">29,888</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">41,702</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">63,971</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Retail</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,106</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,808</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,123</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,324</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Less: Intercompany</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,465</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,666</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,853</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,756</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">29,377</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">30,030</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">42,972</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">65,539</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Floors sold &#151; manufacturing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,203</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,168</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,715</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,457</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average sales price per floor &#151; manufacturing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">23,887</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">25,589</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24,316</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">26,036</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Homes sold &#151; manufacturing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">780</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">751</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,158</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,606</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Average sales price per home &#151; manufacturing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">36,841</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">39,798</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">36,012</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">39,833</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Homes sold &#151; retail</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff; padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Capital expenditures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">147</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">742</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">157</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">817</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Depreciation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">225</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">198</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">509</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">425</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">###
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>c91969p9196901.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c91969p9196901.gif
M1TE&.#EAC0*'`/<`````````_PAC>Q!C>Q!KA!!KC!AKA!ASE"$A(2%K<R%K
MA"%KC"EK<REK>RESA"ESC"ESE"E[C#%K:S%K<S%K<S%S>S%SA#%[C#%[E#EC
M6CEC8SESA#E[C#E[E#F$E$)"0D)C6D)K8T)S>T)[A$*$G$*,G$*,I4I*2DIC
M2DIC4DIK4DIS<TJ$E$J,G$J,I5):.5)C2E*$A%*,I5*4I5IC.5IK4EIS8UJ$
M>UJ$A%J,E%J4G%J4I6-C.6-C8V-S8V.4I6.4I6.<I6.<K6M:&&M:*6MC,6MC
M.6MK.6MK2FMK:VM[<VN<I6N<M6NEM7-C*7-S0G-[8W.,>W.<K7.EM7.EO7M:
M$'MC*7MK.7M[>WN<E'N<I7NEK7NEM7NEO812`(1:$(1C$(1C(81S2H2$6H2$
M:X2,A(2EK82MO82MO8Q*`(Q:`(QC$(QK*8QS.8REG(RMM8RUQI1*`)1:`)1[
M2I2$4I2<C)2MM92UO92UQIQ:`)QC`)QC")QK$)QK&)QS*9QS,9Q[0IR$6IR,
M6IR<G)REG)REG)RUO9R]QIR]SIS&UJ5C`*5K$*5K&*5S&*5S(:5S*:5[.:6,
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M[_?W]_?W]__OY__WY____R'Y!```````+`````"-`H<`AP``````_PAC>Q!C
M>Q!KA!!KC!AKA!ASE"$A(2%K<R%KA"%KC"EK<REK>RESA"ESC"ESE"E[C#%K
M:S%K<S%K<S%S>S%SA#%[C#%[E#EC6CEC8SESA#E[C#E[E#F$E$)"0D)C6D)K
M8T)S>T)[A$*$G$*,G$*,I4I*2DIC2DIC4DIK4DIS<TJ$E$J,G$J,I5):.5)C
M2E*$A%*,I5*4I5IC.5IK4EIS8UJ$>UJ$A%J,E%J4G%J4I6-C.6-C8V-S8V.4
MI6.4I6.<I6.<K6M:&&M:*6MC,6MC.6MK.6MK2FMK:VM[<VN<I6N<M6NEM7-C
M*7-S0G-[8W.,>W.<K7.EM7.EO7M:$'MC*7MK.7M[>WN<E'N<I7NEK7NEM7NE
MO812`(1:$(1C$(1C(81S2H2$6H2$:X2,A(2EK82MO82MO8Q*`(Q:`(QC$(QK
M*8QS.8REG(RMM8RUQI1*`)1:`)1[2I2$4I2<C)2MM92UO92UQIQ:`)QC`)QC
M")QK$)QK&)QS*9QS,9Q[0IR$6IR,6IR<G)REG)REG)RUO9R]QIR]SIS&UJ5C
M`*5K$*5K&*5S&*5S(:5S*:5[.:6,6J6<>Z6EI:6]SJ7&UJUS(:US*:U[,:U[
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M[^_W]^_W_^____?GUO?GWO?OY_?W[_?W]_?W]__OY__WY____PC^`/\)'$BP
MH,&#"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FR
MI<N7,&/*G$FSILV;.'/J[-ACI\^?0(,*'4JTJ-&(`![.`\"TJ<:E6`A"A?J/
MWZ1O_ZA25`<@ZD"M!OGU`%#FXSQ4U<"BM(K5X=EJ1^/*G4NWKL*D#H,!F.11
M+]^!?@DF`3`O8V"'@P`$`SFX<,O&#R';G4RYLN6:>!M.4EPPV`FR`LOL3?*W
M:AVF2=IZ3B)Z<;43K!5OUNMT]C_/H/^)KB;:EFG46&T/G+V[][^F>'&7U;VW
MQR0L`*I!G_0:@&]^IP&D/M[4MO+0T8W^'ZPV=OOMS\N9\[;.G2EVX`+):\>*
MG.GE^_CSZ]^8F2%T=01]8QU7@_SSV22.";39/%R=D!59M#$((5/SC,6/@%X-
MQD\U`P)0X&=IV;=@@_]`E^`_&H*X%%[V_2.@+00:N%=A3/G&U"3\B$@8B5Q%
MI2&','HH8XC]#40@52_&..2*__3XSX@`.'AD5TU2V>)^6&:IY99%WE5?B81Q
MMY2#"47Y3V+?")@4FFHNE<1M>SWXIHEBMGBE0&;>Z2:3W%7Y)I@T$F9FE4GQ
M.>A`9OJ5XYQA4FAGEV<"`.!`=-IG:%*'(>I@8I,*E.F6H(8JJEV0'L15>GBR
M"("`!1:$2AG^91S8IX!EV4<KAWRAPAZN?7(G(%^L_O-JK'N=2A"NO[HH9+"]
M,L4LK\'JA8JPL,JJJRV!/9HLLP7=V6Q2VPIY+;7$\N7MN*,6Q(]`Z[+K+D'M
MMONNO%7-^VY8#K6[CT#[_M-OOQ.M&R^_"\E+;[W_^GNO1P/7Z_#`#1NL[L+I
MAE2J0;8`,"U!]O68\6($00?C9O0EE?&T]IULFV@`VM9Q5QG#E;$M(L]#\LD$
MS1;S/S/SS%Z?'G/F,U8]SU8SR<RIXW)20<O\<[=%OAS5SCVS+++2J_8ZD&AM
M41:QO?4>3/%`8CL\<4,-DPUVV0BQ71'`:9L]]D%?/[SVW1D=[';^Q2!=7%!B
M<!'$J:[?L`QU5I\)-)@ZT"VV>.,:BOF/A9&J0[CA+%N:..`$68AYUEP+-/BJ
MAB?-'%:9%YHX=V(!L.[HA4MZNK>BS1,L[*:'[JCJ>-4>K'O>AAHWV&KK+;?=
MR./;4,+$>P2PVF<3K'"_>VM4-\3-4UP]WQGY+9CK!HF6Q&*K'WO"";2MJQ>Q
MZI/UV:(*`O\G<^/+*-#[GJ'O'N7L:F>_C.MZW]:T0[[,K$Z`^#M?^I[4E/F)
MKX#W<UUN""*:$^`(//7[GP`W$QT%N@<\%EP7!X,GE^ME#WIL*YL*\Z6]=S$/
M7@C1QSNH$0UD].*&O3"&-*9!C7/$(Q_^^7@>0^@5-R$JSX3(0^+V"D8Q(W+O
M(]Y[8DUL)L66"&QNR<OB\)"HO"$:I%_Y\(4CY!"'-)CQC&>,@QSDP`='_"$3
MHX@C*6#1BVC\PAWZ6!C;A+@OZIW$A'4[R/.66$6)1+&0,4G"B1!9$25B\83'
MPR(AMRB]?1%Q8?GH!2E*T0I.ML(4G6S%)GD!"U^0<A>\V(4O<G@,9$A#&]W(
M!PQ1J#"".-%AS,NE]!P921;B<I:,Y,@A@TG,+`5R8L8SWO&X&+V$$#(D>WN>
M'U/RM6/2K9@=&28VMPD47FYO>'-+H2\/]L*=2/.(E4QG+;WYR+:YL);0XR9%
MM"G/>LZ%F;3^S*<^\2;.B.Q#'_%`!S>V,0UD(&,:W#"'+`NRCW=PPX:O*,4K
M8$''5OYB'.=X1SX(R4<KNLN:SK1G1>@ITI+"Q)'/O&(7FPE,)LH-;OF(QSG<
MP0UI(,,7L""%)A[1!S[D@8QI5`,;,>&+;O@+&8[8`QJ7JH8TD)&-?7@$)D01
M1U?T0AJ_*,=".UH\=>IRG?R$Y#5_.4V3&M*L:*T++Y%Y-F6Z%9(`0X<-32&*
M3/SA$HYP1!_R^HA+7`(3F-!$*#0ABL&&(A.`Q00R]B6-G+H"E+Y892^*@</*
M6M88R(C&-+91#GDPE*743&)$GFE6DJ;UM"59ZT/`V<O63A*>58G^Z3ODD0_:
MYD,?^MBH/OBQC][Z]K?`70LZ:_E5YK&SM?GLHUA1VRWF.K>;HLWB+-\ZW;8N
MEV&PI1L0\Y$.(-Z2B:3]"$B?.U+RFE<EJD7;1]TYUI4&3+;EX,8THM$+7^P"
M%JW@12R.,0UT+/21[8I'8TF!US[LX<`]=00F,M$*.KIR&^9`AT;G$43V_I*X
MZCPN:Y,+5NF>U[3G#?%(TCO<?4I77^OEASP$:E.<D@*QCN##&IYZ1B^DP<9G
ME`,C9#%(XNV#%VO<PQH.S(<B[\'(?.B#DA_!Y$S`D12?A(4QJ-'"T'I8Q$C!
MLI9!0F*%8,^U%@9M0<XA#6/@E)2PV,7^,8RQ9H,>0Q9M-G-D*:K*7IRCG?Q:
M\3O.<0YX2#@>[P`TH&T+1-O*(QZ']O,[\MA56^[RG1T^+D)T.<T-DQ?$6\[T
M1;H\5NJ:N*PDP2=)ONL\=6HZRZ=.=2/O1MHO;[B?7Z0(/_(!CW?,=J/7O&)X
M"T(/?`@T&L<(-G\1R@T)`]&+U46><<.:W<]BN-)X=BZF54UMEXK:VM9-MI=I
M78YM1",6NS`%8AMQ9#XPPA&/$(4KC@&/ZJ$XTN^:ABLPL0<Y+!6-:MS#7A<\
M1U[TPJ#1V,9_I2>2KP9LR].N=J:O[>7U1M>]\517/LY!4%GLPA7CYD.]G[K&
MCGM<#D*5@RO^&&T]9,"B%*,PA2M(P?)1D,(5%"5E@QM,T5+B$+/H&(@1ZP;M
MZ"HW(93&6Z83KO"BAXW9HZTR.=]ECLQ*HX;2V*$V?I&-;7!CH`.E1CG,T>UM
M>-WKZ&"TKH\NKY]?MR,J+36&93UTH[N=O>/U(J=A#1,A[KH@N]T'/_1!:F0W
MK.=K[WO0'][VMQM^M<R^.R61.VE]R`,>W1XH9]$1#Y+34O$I#@L_RB$-7Y1"
M$YA@<EX9\0A-9.(5NW@P.7ZXT1XS/LR?-7C2"P\1$EK$]D_ZC(<`I`Y4'9XN
M#/<[TL4\$""^`QT4WX8T9.$+5XPB$TG5`\CCH`;JRV$/CQB%,>[^+I&&^:+C
M:ESC3S_.<3WL`=V::$4K.%$,:<2CO>\>7CD5DC#`<]^DIL7]/$M5.V6]2?^_
MYS6)]WHA=3P`DP[3@%.E(`J@]PBCUP>,L%=^=5=YY0B,<($0^`?%D'8'0P\`
M96OH\&?RP%L4`0^21PWCH'5:5PY=YW4]Q'4LF%#HX`X9]0Y?%FT$IW..MG;(
MIH-:EG]X@0J?L3'S`!UDX1BZHC&I\AI>P12]=P*!DRH@DRHMDH0;HQM)P"%)
MP13!@`4G@"WG`Q>]!QR4DR,]886I4@9>$8`644V;-H""5!#^@`]T2(=`Y`_^
M`$2YI0_^P`]^F%N%QEU`I$S_D`_;X`O^HG`)C'!@:V!^0K8(??`'FC`*KN`+
MQR`-"04/K%=A5X9VPS5_Y[00/P=.]V=/0.@SP:`7OC$8#S(UB@$DW#$)V3(C
M_C-`7=$I+?(QL#@;',0=MI`C&N,F)8(58Z(KBR$MNL@>SL*&(L%.E@9>"$$/
MQ%`):-`%5-`%</`)UT`0ZW`&<(!X!"$-!C9D1;97>F6!Z'AN%XAN5`5SD64,
MY0`1Z6`.V3`-!15LFE5L/[1$S^B#.5A<V'9JI\B*Q_$FGX$%4;@Z_F,G#O(H
M4C$63+$<+:*0!JDJWY(J`J$T1F@LM4.16L.,J]:)!Q==SV@-<-`"$4``!%``
M+%D`"X`!3-#^";S`"2Q``!9`"CJD51&1#\<W6^^`#]NU77O(6_[06_#B6PUA
M#KV0"7P`5/>6;WUP"9HP1_\6#=K@=3ZT1SX8BCE(?\O5=ZAUB@Z)&U$"%_6Q
MA1;ID`4A'Z#Q*,AQD6II'QPR"$SR/@#0$V?YD2"Y$2JU5OT(=_IP#]Z`!QZP
M``M@``H@`2A``S20`@U@``;0`#20`0?P`!:`8W+0![``EHT4#WYV#I37>@X1
M#8@%1X`@2IO$"IQ4"JS@<G$D1Y\$<[S@"\9P9P[7E;`E1/0@$+OY#[W9FW"'
MFR$V3`Y)D+7X#]6P&0Y2/AAY'`UID0=!&[W"G/]C'W&)EAB9&*+^,2W4"8![
M&9#<UT^`1!#E4`R"$`($\`"&60*%$`N\\)[%(`M<@`$+<``0$`$/<`&<<%^O
MX`O;P%"Y96O=-E^Q``NC@`D*!@F3"`O\]0Z[N0]D]@J/H'$?9W[H=GJ[\&^8
MF%#F8`X:18(<(39<U96<&7<"B1B2$B,?HXJ`LA1GJ!A+42M[P2MJ*1!C@17&
M4H4P"AJ\:)W0:1^?,0_2J85A8HPQJI??F3=PJ&W^9`TDL`#XN0`E8`T(\0GT
M^0#JB0'U,!#Q8`X%A5.C(`H.*&0=EV-.I49E9$:9&0V%2`I*U7'F1GI2E5B8
M<`E_``J")0I4U4FEM`T20S>XA1%<R9O^R?:,P2=M#R$:0B(00G@"&_,>78&$
MZ"&%N5&C69$84?(7'.(50CA!9=`#6GB1??(:COHH/<&HDXJD23I..%ABV?9N
M!1$.+@"E6:H*9%-;N.H/E'"?62H.[*)\!A6L`.=TFK5#TZ`-F[4-OZ`--E5#
M`N<OM'8.Y!!AL]5=0:1<?01<?XA;1I0/W-`+K]"`Z!98$F6)R#!0/G1;D[:#
M_DB`A*=P1#<1WFD1Z%,5$Q01B[.J)N&7P0D1\R`$-@D!ZHD#O6"@H;<(!W9D
MC8`)-D"K&!`.<8$,?9"F:NI4:Q1^X8=@CY`)Z4>;6/5?P)F#E_2NK^JN8:D2
M\UH1WP"19;#^2`V!&E.HKWQYF^K%I(5:B-T0#<W7"E$`I;3Z`$[`<>2G1E]0
M`5D*#@R16YZ)#N4@8;/%F0>1#^8@7\@0"[V@2JOD2ME`#>[PH0CQ#M)P#!H:
M=9O5#=N`@MTP#F;;@I)7#M1@:Y9'J!''CV>G:?$JLVE%8N*9$$T7K))@M`]P
MGU)Z45:W#6:+@E8G7]I@!E`*`<.P#SQY#@-Z4\Z7"8\0@8QH?OMF"K5),-@*
M6_+@"DU)L?>FIM<759@P"JA7E=/P#JG54J*U-VYHLFAUMWC+37^9;286<08!
M!X:)G^K9!`XA#E<:",^'6'_@@`:&8!%X@>>VO$3V"-.P/(78"Z;^4'.\\%CN
M&%G<&UG%(+;&$)_M9X^Q%'$?2%`0EE%`R7=06V4-)Y*J9KNW:T]]*73$!VH'
M40]/"KSJF07C8(\(50[Q4#92`*6W@`^')I2XF@]XN`]%693]@,#Q$`_X4(H>
M$0_(0`HQ)GYYD`<'M@B,T`A_)0JEX&";%6'[N'/`U(^S:\'<1%).@2@O&Q.0
M$L-4:,/M,;\0D;NNVHD>>`],6U/04`=86L2!6P1J9+%RL`B8T`K2X%D#\0GV
M20P*$0[$\`E8G`BJ0`P0*Q*Y=6CO<`_RL`["\`F>4`F?(`Q=;!#&L+R.8`F.
MP`97\`1(<`1.P`9_$`JA4*>`)5@N]PK^_H8,Z3"WL'MT\)MJ])09BAP47;+(
M>((0CJS#W;>DQ+<N^2`-NZ!3?V"!RUL#/_L`^"D&E@"!1M:(?#`*KCL0X5`"
M$)`+_H(/,Z0-T$`+9C`#'@`!![``!/"['K`#>+`.!$$/7``$0"`$Q7S,QKP#
MA\`N7+`#R"P$QBP$=*"($.@(8G`#)$"?*FF8O4P)Z]"'?"<0A]8/WV`'+'`!
MN'P`]GD!+7`(2`M<#KQWN>5>A(AM/'Q:VA0UCWPG-LPB?5*C_:RJ`7TEUME<
M'//(!J'/DAR0(^EI_'`.$59K$PR4Z2`#15R9+_FX?0A$GOD.\P!04_MTOB`&
M5P`)"#IC:D3^`PQ@`(>9`!J0`1K```I@F(=9`JDP$/30`0*PRSQ]F+H\`$S`
MFR0@`)#ITY`Y`%4@!WF@!V!P`KF<D@NP`2LP`NK)TB,@"!A7"KN0#/[P#Y4P
MJ_4)`2X@!"Z``;E,`"6`")@7/2/;C^U;6@]1*G:"T,>!T#[:G%LHP\UBT'6]
MU]"IUPE]$`J]T*Q*DI(D$?8PJ_P;`1W0#@A!#KT@2H7%L:$P"I4=1Z)D`_:I
MGC\@":;PV9(`!$5LF!=@JU5!"4)@Q!$@L`O0`FB@"^Q""5,@`[1JF"2`!L`P
M#N4P"190F1'PDI0`#NB0#JF``5AJD[7@#O$U6UV0DH&+`6^@#-K^(`M0X`""
MNP!!(`O/,`W9P`W=D%$CR-#L&E+WC,]Q#<F`K=?^W-?LK="1'-CM'=\'+=A?
MPMYT3=A`AQ'E_4^>"0P=\,DO^0LV&!:#^%L'H0J"BY^4P&NT#;P+,`/`R0]3
ML`!82JL1<-,&00]HX+-"`,P"H0L><``6(+`8@.$"L0ST&:5!/1`37MLUD%1H
MR@.U'0$JT%1*G)D7:@IJA@S;,,`%Z(-Q]]9P[1!R#=AOV=?K+=]'_MXW3-=Y
M?=_V/=]\#>7XS:X:)ISL(D/HT`WS5;`+N%,46@46H)[XN=H5X`4ZQ@D#]Q`3
M/MHEX*L$<08^^]L1`-NJ[`&JO0#?F(/^J:">+>#A_Q`.A?D`&(T#-610R=`"
M%`[*"^`!<(X'OZN>)7`*I^2>-%G;!Z`$W\M\:T99QH!9QL!*\>AP\A*RHHCE
MPWG>\^W(K&[71J[DZ0WK^QSK[BW84U[E$,=V]2)@!3L*@@58?L7'FB!8=##B
M1KP`%[`)5.4+:PZM`65U-@0+KQ"FHG`#E8FEO[W@!$$)`(X(!2'G#BZECFT0
M&_X`VBX07:``P(N?3I"F<3`$`&X!<[`*DE"8#IX#J4P07?"S+]D,'0$W]B*B
M=EM[K^[J>XWDK_ZCM([7,LSD\AWE!8_KL6;88.-'8C-K>IAW!DX0@K[HC.X!
M`));YZ`--Y7^4SME8&N41FCT`ORN`'50$)[PL[]]!SC]#^!PI=B^`#0O/>M0
M`JT-G#>_Z+_-`29-5:)`!I^<GY'0"CY`X18>!=(0MY_@\>JY!.40:+?UUO+G
M$$*>5C#,ST;^Y.L=R6GIY`DM]NJ-PXC"S_5-A1+?AA_A@;@Z#"Q`JQ#`S>SP
M#^-@<10U41.59EB[2L8@"Y_.9K,@`[O,TDM@FU$<Z>KI[061[OS;VGF_[8:Y
MS`-Q"`"N`R'+#O^-G[D\!56AV*-MVK:$"OQ+Z!4P8QZ\;Y0H90>U#:!Y:YP8
MS'%HR`+_@V__7#VW>/-G2_J0#L<W4"7_"J)0IWW0"(SP!R)`Y]C^C@';V/4$
MP0Z',`5<\`GR(@["@-JC'0$1@`<&<0TI7N$1<.Y5`00+0`*`_@],(/3J*?H%
MH0HD8)\0H`-(*_Y%_-N.:Q#X4.P'D/H`8:41HSY]"/;A0["1HT>8-(TBY<H7
M,GS__O&S:'%?QHT9/6:DI_'C2)(E39Y$F5+E2I8M20)P&5/F3)HU;=[$F5/G
M3IXD,9[D9TY:+UBD,F%RQ&B/G#AJTCR%FD:.U#0A(#S`^F`!!&(H^='3%^\=
M+E7K3LY+A68'B0<&#$3(JA5/QI__N"S0"G?!C)`6AST@@,;COAD+]$98T,5B
MT&G'=@$J<L2)'U"BQD`PK/4!AF`DK7'^P!O7$+YX\O#)RY<Z'^K5ITF+E==Q
M\>"/&'_6[9E;]^Z3,'G_!AY<^'#BN3O>GGW18]V^/^49\^6KES%CR*PCBX8]
MVG9IW:5-FZ9MFI;,#^`^\+0O7SQXYK@U]M5*U*6D>_B$.'#CCRA8TN)9I">5
M)CQHBP`#()!!ALST.J2V?Y:Y("Z\/LFHBP4PL&:Y%D(S;X$S_LEG%#FF4B..
M/.3((PZFB(C@*JS@:@.33$J!A1=?CJ&%0*P.T*J2G?JBJZ2.ABRN2",_\NU(
M)9=DLDDG;\(-MYUT*<^P`Y30Q)$^EAHQCJ94'#&/-2Q8`(8142QF'TI<6,"`
M!11X0`A*KMG^YY/0#%N@0>4\FJ(\Q&;`:!T/")`B2'[8/$^K*2Z:)IIDI(FF
M.^RZTZ80Q.!"[()3MN%T&_"F.:4#/_/,YYUSMJ$FFT_?HZ:<<^"11Q_9O%HN
MN2=O#2Y)7'?EM5=?8SIN3^1JG2F?=.)!-A\I_V&'!`X1PT$;;J;E9AMNRFD5
MVW+,,:<0S`QQ9]MSP!%B`0(Z+"&7NNQ,=`%$B/U'&`PRRTR7?Q`QS-[E=C#L
MO`6"6*D9"/Q]`()F2`H'`PD?>$*I+J-ZBJD1$]JO%%YD>893=/[[9]8]:>M8
MI%]';DE7E`!`&>6,3.8I98]<M@CFD63^)V7?:'Y9Y95UKIGGGEG^)CGH)Y<=
M:1]]UD.GG&VB.8:H43!IQ#X^^&CD$4U:0>:<C-#@$+,2PEFI"0)8:">C>H0P
M(*L%/+B&HW\H0>S%/$U:@D.M@J!G!P-V^$FVN_+2J@6B,ZI$F'."\6#@N#SQ
M1\IF+GCV`D$PH1R345QQ!99=HML\.LY-P;R473">QIPH1QI<:-5[8TG7FW=+
M\O68:UYYYMIGOYUV)&^/77?=>U\]^-V"3>YTCN(Q9QID=C%%E$P>V7*/-;H\
M4X\SKY=#E'PL$L<#'@%'1+UXDO84NVFX.><>3R!00+&,#EE@P<1&@M\\K.86
M^2=BXM(*@R[FI01)*L&_"[7-;?^(QR[^!&$!"#@A#R<X@.(><("&.>1RO7B&
MI>37@HWLPV,Y&5;(1/A!X:D.:"5QW>Q\)C.8K)!G)F,9\'+W$MS-T'8F:2'K
M2KA#W2S+>/PP53FX08UQE$-<[T"'J<QQCB5NBXBH,N*KE*4/?*`C"Z,:@28>
MP0?K?:E$*/+#""ZT#+J4RWY:T1.?Z(68N92$'TOXGOT,4X)YB&PC@AI5&S\R
M#DS4X``4`$,>CA`7N-B`$0EY1"(QD81V+<`-)/0(/3S8N.'Q<'4GI"'O9`<\
MG<G.=[M[H0TQ^3N8M1!HIJ0A*F]H25;.A'A!@F5NSB&+5FCB#Y?XPPJZ5B:J
M,<*7`VF$)2S^T0<5:(4+D6R!VA`#AX^(PUD28N9'9*,+,AU&*V\P"=>JU`*P
MC802'2"`&;A%#;2IK07QR(>L]M&X<OE+!G7\B#ZH\8Q=E`(3E\!$0S`ABE;`
MHAC)X`8ZX/&.=Z!&'S[<4U^(U$JAC1))-LN=)R5:PQ-VDJ(OTZ'O5!E#3^+.
MHCMC:$AM8CR6[`,?YSA5-,*#*GCHHU9`/(=`WR&68;@@;5F!@!GR,4E^>'`?
MX`C"`1;PSMG00T'MF@$\+]*G,VJ%;\NHA`_-J#8,B..`'5G'AB2T!"!9!!>#
M8D$W_V$-$]`+`ZKX"#'FE94.=.4C^<A$'*`R%:I@+P_V,0C%0D'^BE=PHAC;
M2)U(+]FZ3/Z.=YK$640OBMC=V:YWI13E8C$J6,J:Y)4?*]IZS+&-7SR#**0(
MQ1\:,3WJC6@/CQA%+[:'$FO,((Y;:8(NV(&1?5@C$64U``D,Z!$NW%1N0M#%
M,%(!A#8![D4R4)A9E/,37;BH0XLZB3!$):$9'*(9PIT"!M)&(8]XH@,\0HP+
M:%$,8V!#&?R"RP$PX".2E,,ZTGC4M*S%+2:B=(G<XD8WK-6I@,+R)WWI:F5W
MY=#)-M:P'CWLR1*LT8R"TH8,5FP-'RQ@"L=R3_N`!S>0$0M2:"(36J2/(T0L
MXDN4F#Z)W))!,.$*>9S$:/@`!@XFV*+^"!```R38P0Y<@`$%$&`!.S`@D9;!
M8P)NQEP+:$(JUIH5MPB!:/M`KU8@,`R1+-0O)/"QORXT+[<\X%T9R8<O+F&%
M#,0/+Q/@@1.,(`*\M$D"5@#%Y7A1G6ELPQPM+DY@*UPD`D^8DPN>:&$#/4H8
MUDZ&$?[DGR6\9\I>=E;[2`=!9VI0?:C3IQWSZ217HZR-E&JSRC,&+%PA"DPH
M90TG<@((&J``!;C%``08@($>(`-*I"X5SC)`C]O4Y1FDPB+?]'&N?ZQ<6_T#
M%VUJDQ`@*4)FO<%9P6YUEV4@#+?%PQ696(4ILI!,'Q?`VSY>0`G,$(M=O`(6
MYZX1NGO!L9'^A`4=YBB'?K>5Q-3HV;^,QE6?%RU9%D8TE`]U72<A"O`7%KRB
M!A=XP/6-[U8N&R?H"'4K2"&*4&BB<@[1A/-&07%1"*(,4OA!@F2P@R7@01=*
MM6-&UH&(*<Q`!B[8`1/P(`S<#(,+.Y"!$!`18)`L508SV(&OKPJR?X3#$V@0
MPLM'CH94\%R::$'Z#*0NA#.D@ATML8TV8#&*2_"!2Q(S+1\<X1")T'F_\,B'
MTS'+<",MG.UOASNPBIT2H\'C5,IKVC&.<;YX+&L]]>ZI!YDMS4O38Q[TL+=/
M#/]H9B_>4&O_!^*;0Q+&TX4?A\>-;!S.#\[7)!Z9^+H<]H`0/BS^PA&7>`3J
M*>?AC)-B%*,PQ9S)D1R'QQTX;K=][G4/E,6(Y1S<T(8VD`&=:S^"2Q";JQP<
MX0IT\(9('109Y&OR7\L.WOJ4A]<'\W$.;4`C%JT8A1;W"8C,]>(8R.#4JU`S
M*W[D`QWH.$=!4W.TP-?^TD7;/7%PGW_^PYUX_.B&4!N%#_N#H[BXAWB]5L"<
MUV/`URL%7UBM=BL5='@/9"@&6#`%B<L<7X@&;H@'S9.)Q#,.:7*EC(B'45B*
MY,,>,+FKA!B[RYF([VB^_F.H_:/!&X2[35,-^KN_E>`'=%">7MB%HOBP+4I!
MNH(*+XB*.-@#6*B]D?&8)Q22BRB'3Y'^AFKA!G+8!OWBE%9!(B2R+R::*70B
M%B"B!N7Q!<U1MV-0J252%AP\DH4+@)P(@#J<0SC$0PJ+AVF`#EXX-S_DA<Z1
MCF*0A1LQAO,[Q.M`!FEHOHZ@AVNPAJM;AV4("7&@1'ZX!DC,$(M@ATRDAW"@
MQ(NXAF4(ATJTADRT!GJ@!W`X16OXB4YT17YHQ69P18L817"HAP/BGFL`FWE8
MAK)AAV&`)WYHADP<G&F0!G/8B7B`A4>P'JJ(F*>0*ZF0`ST0NQF!!0X\GU_P
M!^G+0YNP09JH0X\8QV\TQR91#W@0(NL80E=HA5(H!5?H!62@AITBNI[@ARG@
MIK'",7X0ABG^6`=^@`,/2(4WZ`*,L(86F`)^2(4IF`=^0`1=$(8F`!LT0(02
M0(,N:`9^X((6T(4IX`*,"`>%#`E*\(!*\`0A,(M*2(5EF`)JHXU]\(3U^H=U
MD(&P"H<I("-ZX`)*6`8IL!<0W`;H2`9V*Y5SZ(9Q&*)Y0R<]>X[IZ`5"-(;I
MD(5C,(:J/$19F,JI[`5?D(7N`(\(/,><D,.,L$-R+,=_.$NS)(D[5$NW?,L[
M=$NYA,NU_(BTC$NV+$>\',O*VH=WV`9I0(8T;(5-$(4_@)ZEF$;DFRM'X`:6
MH`?40(UY("';H+U_@(,9Z"`T(($IH`?NHH02V`=QH,E_D`%F6@?^7YN'&7B#
M94B%ASPY$O@$5KR7$F`'-``4BYB!:,H%$L"%5-"%D%@"*A`&70`'77R0#C"@
M0X`Y>HBJMR&!D"`&,HJ^;2C$:#@55WB$T3H1L*M&L6N(R]F%6"#$1=2&<7@'
M$>S+XBA+M61+][2(.9S+]QQ'N81/^XQ/^'1/_)Q/<LQ/_:3+^,3/]10L?DB'
MP$2&7I"%8NB%!HV.!KU*1%30JZ0.ZD`_V3@:L=BLI3D&7W@%4CND$+6:5O"%
M:9C!DW@#S8R\5""&#I@"/0E-SB,!;"(,U!0ZDXR3JXL\$@@@BS@$$L"#&:!.
M?MB!:!(&#Y@"]_D'76"+%MC$D5@&#Z#^3D^X!A;0.8R8`AD(K'Q(!F/H!F8T
MA0$<P$UP"(PSP!EAA5*(B(B01UE`AF0@!_7D/6\D4,):B0'%4_VD3P'-3[B\
MRS[]S_?4TT'MS_X<U#J%PW?X!5^XMBR)GCVP'NQ!D6J,U#!QA6$9%CB0@8W@
M!T_XAU3PD%^+SG7```KAAQD0#*.+O$I8!V%H`5Q8#!)@KW\XA'?:`4KH"-;T
M"^44AEP(R-EL!B&8BW#0T8YHA@[8Q``:,B#`"$3P@*N#Q)HLUHQP*3<:/"D4
M(4PMGFVE4T1UB?8L5#NDR_DT5/D<"7$%5$(5U$`-U#QE5V^]07DHG_?:!FT`
MAG%H%7@S!VK^((=6Z08G.@>`%4N2H`<I:(&V&08F:!L\4`QZX,RT0(.?P(,=
MJ(1#R!!V6()*6`8XZ*8C/8-<I(<N*`&7;`%J&TG/O!</H(1/V`&PX0(\6`8\
MH+(I$`RZF$D*"8<ER(5/70*,P%@XP`5*,(LIT*/5D5-X+;"4<%<_]<_]%%1S
M;=K[E-JH]=.JW=-V1=J0TE9AX=80VHG_*ZIPN`9)C,2+,`M^$%M>E`U,%`:K
M,MM1K".,$`=6Y%1KL(9V\,606`=K*,5]$-M3#(=``47E0LD@$=MPV(='7(>-
M0-S%6(90++JS[=K)Y=K*W=K+I=RCS=H)*XFEU<L]+=3_Y,]R%=W^=9W:T,7:
MS57=M^,'<<#6U>6_]LQ+LTQ+NQQ7NWQ+M`10W:7=<JW+VGU:V!7>X25>'I+=
MF6#:=RW>Y67>YCU'?1/7Z)7>Z:7>ZK7>Z\7>[*5>Y^7>[O7>WPA'<437[R7?
M\C5?"@O?\U7?]65?VTO?]H7?^)7?&IS?^K7?^Q6P]\7?_>7?_AT._?7?`!;@
M`:X)`";@`T;@!#8P!1Y>F^F,F4FLM[.9"08`+)@$S56)"6;@7C'@#>Z_"4:Y
MF(E@MJ-@"CX!##Z9@?/@6^G@%=Z]"3YA@GOA$I[@0>@)#7;A)VGA'';?"<8"
M&=8]'/Z'8!!BG2AB'E:2'49B":9@&][^&9\AB7F8A"1`F1,8!'4X"2RPF6KX
MAVI(&2[VXI3Y89-0ARE.F22X8)PHXB,>"2FF8@"P8BSN#14V"3>NXBM6B6`H
M`YNQX!`>B3)^8P!`8WNS8SC&8_)5XB5F.#Y.&51XXE$BXA*>!).(9)29Y$E(
MF4MV8)/X!AH^`3^."2&V!3X^B4J>X$G&(3HF"5.V&50V"2VF83DFB4XNX4\N
M91IVY>Y-9$5F-)N9AQ-(F0=698]0!QI&F6]P(YLY@7\(Y"3X!V!.F=0)9`"8
MAV)&F3*X"6.V&60N"6NF86Y^B6$F9FT&YY%`!6UV8I*8YFI.&6SN9G+^WEWF
MY0J#J'GPY9_^P:1!\&5O!@!W)@E8/N8)IF64&6,4.F-9)DMM!@!;.`E]3AEV
M;N=4'F&+<&B4@>AK-HEUQF=,LIDD0.B&WF>;\6?NE>=YSE^8"6,XQF>3@&9C
M-HF4%F24Z0&4F>8'+HD]GF`T_NB9T&:/1HF6IF&)AN*/`.H25@EU"`:`'NJ,
MP.F.GH2=]HBBIN!X-FE$5>%S)FAQ%F%MGN,)Y@>I]HJ9+N%RYFF(XF=;%NJ@
M-NB)WFBCYN2FGFHW$FL*)NN<X6KO7;AYP.E!`.6/4`=W7NI4[N:1OHF_KNJ4
MH..*UNIG7NR24&P`T&2;2>>3^`9;*`.@=F9P'+A1%N.3`.J2:>S^SV:)@89L
M>V[L?ZCLR^YHECYMY]6W7QYC+$!KP>X9T#;HG0CLPW[DCU#JW%;L8.!GPOX(
MF`8`+#;M+W:):<[F@>.'";;ID?CMX$YKD`YFZ79LB")NEE#NZZYND:9JE=!G
M;NYD&T:9I#X!+MYJ4_KK\[8(K';DA^H9\X;I]D:9][[F'RYOV49O]U[IW#9I
M5?YE-LX(?J9@J([JSK8(N$Z)N58'ZRY@%<;D,R9C;3;PC3X)`I_@"H=KMR8)
M!G?P/Z;P[TX)8'Z994896[#G90:IGID$>W;F40X&+V;HG.D9%%=IG8%Q&>\9
M;C[Q%/^''%_HVA9RW;9KEB'P6R[AYR[^B0@'`/3NXI29['>NY;X&;9EI[FVF
M9!I6<H)S*%8.YI,@;BQ0<"DW82H?8BU'Y)5P(2%?<S:'"1*OF<P&*8$3<C@7
MY"&G<SMW9O_6;7&>[PL?!&B.8Y6@917/"&BNZR@V8X).X^6F&<46;F(.]#NN
M\/0F,'68=$.N=(NP!2H^@4F&Z42WB$*NX$8'=$$_9!'_:=<Q\9L).!&&];B>
M<U=W<X@JN%C78#XG\EWG]9)9B3H``/$&`/*F]17/<X[>*%6"\Q5W<\:&[UZ'
M]FC_UI6`[<N3[3JB<V.G]7,.!GLF;)6A<YWA=F_'\VT'@&[OYV:7]G5G]Z1%
MB7EP:+Z&]2'^?W+\+G94`&;A!G=:]^(QQO=T+_=Y_W=W[G=Z;_>#[_621OB%
M9_A?4?B&A_B(9Y*'E_B*M_A<N?B,U_C@H?B-]_B/#V60%_F17Q)]DZ%_PW-1
M4KC%<J%36GD5*G:2EWGY-7E_LWG).K#',C0$6[1-TJ1Y[_B9%WH\7+@<RB':
M,7H50OH%;JRC+[2>-[!`^Z2AIWI55["D7WJGSWJF7^FEG_I#^WI`X]RJ)_OB
M+?JMW_K7P?K(0K".@C"V/["W+_NY7UZW.[2[?S"?3WF>!WN]CWNPI_O`7UV[
MGR&\Y[=7O_N7URC%/WG!=WS8#?K'E_Q=C_S)M_S_OOS,%_K*U_SJSE]ASO?\
MT$]@T!?]TA=@TC?]U-]?U%?]UI]?UJ]J=;"%V:?]VK?]V\?]W-?]W>?]WO?]
MWP?^X!?^X2?^XC?^XT?^Y%?^Y6?^YF?^A7;^Z)?^Z:?^ZM=]F>AMA=;^[>?^
M[O?^[P?_\!?_\2?_\C?_\T?_]%?_]6?_]G?_]X?_^)?_[Y>)0?B`^\?__-?_
M_>?__O?__P>(#P('$BQH\"#"A`H7,FSH\"'$B!(G4JQH\2+&C!HW`MCH\2/(
MD"(M_BMI\B3*E"I7LFSI\B7,F#)GTJQI\R;.G#IW\NSI\R?0F@B"$BUJ]"A2
%G0$!`#L_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
