PACCAR Elects Directors, Announces Dividend

    BELLEVUE, Wash.--April 24, 2001--PACCAR stockholders elected David K. Newbigging, Harold A. Wagner and Harry C. Stonecipher to the board of directors at its Annual Stockholder Meeting today.
    PACCAR Inc's board of directors today declared a quarterly cash dividend in the amount of thirty cents ($.30) per share, payable on June 5, 2001 to stockholders of record at the close of business on May 21, 2001, according to Mark C. Pigott, PACCAR chairman and chief executive officer.
    PACCAR is a global technology leader in the design, manufacture and customer support of high quality light-, medium-and heavy-duty trucks under the Kenworth, Peterbilt, DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition the Bellevue, Washington-based company manufactures industrial winches under the Braden, Gearmatic and Carco nameplates.
    PACCAR shares are traded on the NASDAQ Exchange, symbol PCAR, and its homepage can be found at www.paccar.com.