THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Bassett Furniture Industries, Incorporated (BSET)

1/30/2006 Proxy Information

The Company purchases glass used in the manufacture of furniture from Glasscraft, a division of Vitro, S.A. de C.V. (“Vitro”). William Rhodes, a brother-in-law of William C. Warden, Jr., a Director of the Company, is an independent sales representative for Glasscraft and receives commissions on Vitro’s sales to the Company. In fiscal year 2005, the Company made payments of $333,000 to Vitro resulting in commissions of $8,325 to Mr. Rhodes.

Mr. Fulton served as Chief Executive Officer of Bassett Furniture Industries, Inc. from 1997 until 2000.

1/28/2005 Proxy Information

The Company purchases glass used in the manufacture of furniture from Glasscraft, a division of Vitro, S.A. de C.V. (“Vitro”). William Rhodes, a brother-in-law of William C. Warden, Jr., a Director of the Company, is an independent sales representative for Glasscraft and receives commissions on Vitro’s sales to the Company. In fiscal year 2004, the Company made payments of $376,000 to Vitro resulting in commissions of $9,400 to Mr. Rhodes.

1/30/2004 Proxy Information

Paul Fulton has been Chairman of Bassett Furniture Industries, Incorporated since 2000. He served as Chief Executive Officer from 1997 until 2000.