Indian Motorcycle Promotes Fran O'Hagan to Executive Vice President

    GILROY, Calif.--July 9, 2003--Following record sales during the first half of 2003, Indian Motorcycle Corporation (IMC) today announced the promotion of Fran O'Hagan, 38, to Executive Vice President. "Fran played an integral role in the return of Indian Motorcycle as an "OEM" brand," said Lou Terhar, President and CEO of IMC. "Now that we have a capable sales and service operation in place to support our dealers and customers, Fran will be able to devote much of his energy to the development of future products."
    O'Hagan joined IMC in 2001, and was most recently Senior Vice President of Sales, Service, Marketing and Product Management. "Indian Motorcycle history is defined by innovation, performance and beautiful machinery," said Fran O'Hagan. "Our product development efforts are focused on translating these well-defined characteristics into motorcycles for today and tomorrow."
    Prior to joining IMC, O'Hagan was Vice President of Retail Operations for Jaguar Cars. Before that, he oversaw regional sales and marketing for BMW and managed the launch of the M-Class sport-utility for Mercedes-Benz. He has been an avid motorcycle enthusiast for more than 20 years and has owned more than 30 motorcycles.
    June 2003 year-to-date retail sales grew 8% at IMC over the comparable 2002 period, while total motorcycle industry sales grew 4%. Indian motorcycle sales are attracting a greater share of the market in 2003, and Indian Motorcycle dealers eagerly anticipate the fall introduction of 2004 models.

    About Indian Motorcycle Corporation

    Indian Motorcycle Corporation, based in Gilroy, California, was formed in 1998 to re-launch an American icon. The original Indian Motorcycle Company built the first American-made motorcycle in 1901. The Indian brand is well known to motorcycle enthusiasts because of its reputation for innovation and distinctive styling.
    Indian currently designs, manufactures and markets a full line of premium heavyweight motorcycles and a broad range of related products, parts, accessories, riding gear and lifestyle apparel. There are more than 200 Indian motorcycle dealers in the United States and Canada. For more information on Indian motorcycles, please visit www.indianmotorcycle.com.
    Indian, Chief, Scout, Indian Spirit, Powerplus, script Indian, Indian Motorcycle, Indian Riders Group, the skirted fender and war bonnet lamp designs and the logos are trademarks and registered trademarks of IMCOA Licensing America, Inc. in the U.S. and Foreign countries.