PACCAR Announces Extra Cash Dividend

    BELLEVUE, Wash.--Dec. 4, 2001--PACCAR Inc's board of directors today declared an extra cash dividend in the amount of twenty-five cents ($.25) per share, payable on January 7, 2002, to stockholders of record at the close of business on December 19, 2001, according to Mark C. Pigott, PACCAR chairman and chief executive officer.
    "The truck market in North America remains challenging due to economic turbulence. PACCAR is pleased that its Kenworth, Peterbilt, DAF and Foden trucks are enhancing their global quality-leadership position," said Mark Pigott. "PACCAR's remarkable financial performance of profitability for over 60 consecutive years reflects its premium products and balanced business approach throughout industry cycles."
    PACCAR Inc 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 winches under the Braden, Gearmatic and Carco nameplates.
    PACCAR shares are traded on the Nasdaq Stock Market, symbol PCAR, and its homepage can be found at www.paccar.com.