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Thor Board Authorizes Purchase of Up to 500,000 Shares

16 December 1998

Thor Board Authorizes Purchase of Up to 500,000 Shares; Receives Large Bus & RV Orders
    JACKSON CENTER, Ohio, Dec. 15 -- Thor Industries, Inc.
announced today that its Board of Directors approved the purchase
of up to 500,000 Thor shares.
    Thor also announced that at the national RV show in Louisville it received
55% more orders than last year and 75 new dealers.  Thor Bus also recently
received orders totaling $20 million from the Port Authority of New York and
New Jersey, the State of Michigan, the National Park Service, and others.
    "We have completed the previously announced divestment of Thor West. Our
record high RV and Bus backlogs and our strong financial condition (including
cash on October 31, 1998 of $42.7 million) places us in the strongest position
we have ever been to pursue both internal and external growth opportunities,"
said Wade F.B. Thompson, Thor Chairman.
    Thor Industries, Inc. is the largest builder of mid-size buses and the
second largest manufacturer of recreation vehicles.
    This release includes "forward looking statements" that involve
uncertainties and risks. There can be no assurance that actual results will
not differ from the Company's expectations. Factors which could cause
materially different results include, among others, the success of new product
introductions, the pace of acquisitions and cost structure improvements,
competitive and general economic conditions, and the other risks set forth in
the Company's filings with the Securities and Exchange Commission.