Polaris Industries Announces Increase in Cash Dividend

MINNEAPOLIS January 22, 2009: Polaris Industries Inc. announced today that its Board of Directors has approved a three percent increase in the regular quarterly cash dividend, which represents the 14th consecutive year of Polaris increasing its dividend, effective with the 2009 first quarter dividend. The first quarter dividend of $0.39 will be payable on February 17, 2009 to shareholders of record at the close of business on February 3, 2009.

Scott Wine, Polaris’ CEO, commented, “We remain proud of our 14 year history of increasing dividend payments as it reflects the strength of our cash flows, the health of our balance sheet, and our confidence in the long-term growth prospects for the company despite the current challenging global economic environment. Dividends are one of the important ways we can continue to deliver value to our shareholders.”