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United Mobile Homes, Inc. Changes State of Incorporation

10/02/2003

FREEHOLD, N.J., Oct. 2 /PRNewswire-FirstCall/ -- United Mobile Homes, Inc. (Amex: UMH) announced that it has changed its state of incorporation from New Jersey to Maryland. The reincorporation was approved by the Company's shareholders at the Company's annual meeting on August 14, 2003, and was effectuated on September 29, 2003.

The reincorporation was accomplished by the merger of the Company with and into its wholly owned subsidiary, United Mobile Homes, Inc., a Maryland corporation, which was the surviving corporation in the merger.

As a result of the merger, each outstanding share of the Company's common stock, $.10 par value per share, was converted into one share of common stock, $.10 par value per share of United Mobile Homes, Inc., a Maryland corporation common stock.

The conversion of the New Jersey Common Stock into Maryland Common Stock occurred without an exchange of certificates. Accordingly, certificates formerly representing shares of New Jersey Common Stock are now deemed to represent the same number of shares of Maryland Common Stock, and stockholders do not need to take any action.

United Mobile Homes, Inc., a Maryland corporation, has the same business, properties, directors, management, status as a real estate investment trust under the Internal Revenue Code of 1986, as amended, and principal executive offices as United Mobile Homes, Inc., a New Jersey corporation.

Shares of United Mobile Homes, Inc., a Maryland corporation, are listed for trading on the American Stock Exchange and trade under the symbol "UMH".

United Mobile Homes, Inc., a publicly owned real estate investment trust, owns and operates twenty-six manufactured home communities located in New York, New Jersey, Pennsylvania, Ohio and Tennessee. In addition, the Company owns a portfolio of REIT securities.

SOURCE  United Mobile Homes, Inc.
    -0-                             10/02/2003
    /CONTACT:  Rosemarie Faccone or Susan Jordan of United Mobile Homes,
+1-732-577-9997/
    (UMH)

CO:  United Mobile Homes, Inc.
ST:  New Jersey, Maryland
IN:  RLT FIN
SU:



DP 
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6340 10/02/200312:04 EDThttp://www.prnewswire.com

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