Shareholder Class Action Filed Against Harley-Davidson, Inc. By The Law Firm Of Schiffrin & Barroway, LLP

RADNOR, Pa., May 27, 2005 -- The following statement was issued today by the law firm of Schiffrin & Barroway, LLP:

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Eastern District of Wisconsin on behalf of all securities purchasers of Harley-Davidson, Inc. ("Harley" or the "Company") between January 21, 2004 and April 12, 2005, inclusive (the "Class Period").

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Darren J. Check, Esq.) toll-free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbclasslaw.com.

The complaint charges Harley, Jeffrey Bleustein, James Ziemer and James M. Brostowitz with violations of the Securities Exchange Act of 1934. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the much-touted gap between the consumer demand for Harley's products and the available supply had disappeared; (2) that the Company, in an effort to mask the decline in demand, shipped excess inventory to dealers; (3) that the profitability of the Company's Financial Services Division was being negatively impacted by interest rate fluctuations; (4) as a result, the Company's financial results were materially inflated at all relevant times; and (5) that the Company's projections regarding future growth lacked in any reasonable basis when made.

On April 13, 2005, Harley announced that they felt it prudent to limit short-term production growth. This action would result in negative change to Harley's previous guidance for both shipments and earnings growth for 2005. News of this shocked the market. Shares of Harley fell $9.84 per share or 16.74 percent, on April 13, 2005, to close at $48.93 per share.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, which prosecutes class actions in both state and federal courts throughout the country. Schiffrin & Barroway is a driving force behind corporate governance reform, and has recovered in excess of a billion dollars on behalf of institutional and high net worth individual investors. For more information about Schiffrin & Barroway, or to sign up to participate in this action online, please visit http://www.sbclasslaw.com/.

If you are a member of the class described above, you may, not later than July 19, 2005, move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Schiffrin & Barroway, or other counsel of your choice, to serve as your counsel in this action.