The Company’s Class A common stock trades in the Nasdaq National Market under the symbol STEI. On January 16, 2001, the closing sale price as reported by the Nasdaq National Market was $2.44. The following table sets forth, for the periods indicated, the range of high and low sales prices, as reported by the Nasdaq National Market. As of January 8, 2001, there were 1,501 record holders of the Company’s Class A common stock. Record holders included persons holding Class A common stock on behalf of one or more beneficial owners who are not holders of record.

The Company declared quarterly dividends of $.02 per share on its Class A and Class B common stock during each quarter of fiscal year 1999 and the first three quarters of fiscal year 2000. On October 5, 2000, the Company’s Board of Directors suspended the payment of quarterly dividends on its Class A and Class B common stock. The declaration and payment of dividends in the future is at the discretion of the Company’s Board of Directors and will depend on the Company’s results of operations, financial condition, cash requirements, future prospects and other factors deemed relevant by the Board. The most restrictive of the Company’s debt agreements limits the declaration and payment of dividends within any period of four consecutive quarters to 50 percent of the Company’s consolidated net earnings for those four fiscal quarters. The same agreement limits purchase, redemption or retirement of any shares of the Company’s capital stock to 5 percent of its consolidated net worth on the payment date.

TRANSFER AGENT & REGISTRAR
Shareholders requesting a change of address, records or information about lost certificates should contact:

Mellon Investor Services LLC
85 Challenger Road
Overpeck Centre
Ridgefield Park, NJ 07660-2104
Toll Free (800) 635-9270
www.mellon-investor.com

INDEPENDENT AUDITORS
PricewaterhouseCoopers LLP

SEC FORM 10-K
A copy of the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission is available to shareholders upon request. To receive a copy of the Form 10-K without charge, contact:

Martin de Lauréal
Investor Relations Department
Stewart Enterprises, Inc.
P.O. Box 19925
New Orleans, LA 70179 USA
(504) 837-5880 Fax (504) 849-2307
mdelaure@stei.com

CORPORATE OFFICE ADDRESS
              Stewart Enterprises, Inc.
              110 Veterans Blvd.
              Metairie, Louisiana 70005 USA
              (504) 837-5880
              www.stewartenterprises.com