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Harley-Davidson, Inc. Declares Dividend

MILWAUKEE, Dec. 11, 2002; Harley-Davidson, Inc. announced today that its Board of Directors approved a quarterly cash dividend of 3.5 cents per share, payable December 31, 2002 to shareholders of record as of December 20, 2002. The Company currently has approximately 302.6 million shares of common stock outstanding.

Harley-Davidson, Inc. is the parent company for the group of companies doing business as Harley-Davidson Motor Company, Buell Motorcycle Company and Harley-Davidson Financial Services, Inc. Harley-Davidson Motor Company, the only major U.S.-based motorcycle manufacturer, produces heavyweight motorcycles and offers a complete line of motorcycle parts, accessories, apparel, and general merchandise. Buell Motorcycle Company produces sport and sport-touring motorcycles. Harley-Davidson Financial Services, Inc. provides selected financial services to Harley-Davidson dealers and customers.