Monaco Coach Corporation Announces Appointment Of Ben Lytle and Chip Hanafee to Its Board of Directors

COBURG, Ore., Jan. 10 /PRNewswire-FirstCall/ -- Monaco Coach Corporation today announced the appointment of Ben Lytle and Chip Hanafee to its board of directors.

Mr. Lytle is currently Chairman of the Board of Anthem, Inc., one of the largest healthcare management companies in the United States. Before joining Anthem's predecessor company in 1976, he held positions with LTV Aerospace, Associates Corp. of North America and American Fletcher National Bank. Mr. Lytle serves on the boards of IPALCO Enterprises, Inc., an energy company; Central Newspapers, Inc., a media company; CID Equity Partners, a venture capital firm; and Duke Realty Investments, Inc., a real estate investments firm. As a member of Monaco Coach Corporation's board of directors, Mr. Lytle will serve on the company's compensation committee.

Mr. Hanafee held various positions at Gillette from 1970 until retirement in 2001, including Vice President of Sales and Marketing of the Paper Mate Division; Senior Vice President of the North Atlantic Group; and President of the Stationary Products Group. As a member of Monaco Coach Corporation's board, Mr. Hanafee will serve on the company's audit committee.

``We are extremely pleased to welcome Ben and Chip to our board. These two successful business people bring a wealth of management experience in companies with tremendous growth records,'' said Kay L. Toolson, Monaco Coach Corporation Chairman and Chief Executive Officer.

As members of Monaco Coach Corporation's board of directors, Mr. Lytle and Mr. Hanafee join Michael Kluger of Liberty Partners (financial services), Carl Ring of Liberty Partners (financial services), Roger Vandenburg of Cariad Capital, Inc. (financial services), and Richard Rouse (private investor). Kay L. Toolson will continue as Board Chairman.

Monaco Coach Corporation is one of the nation's leading manufacturers of recreational vehicles. Headquartered in Coburg, Oregon, the company operates additional facilities in Oregon and northern Indiana. The company offers customers luxury recreational vehicle models under the Monaco, Holiday Rambler, Safari, Beaver, McKenzie and Royale Coach brand names.

For further information, please contact Mike Duncan, Investor Relations of Monaco Coach Corporation, +1-541-686-8011; or Bevo Beaven, Sr. Account Executive, or Greg Powell, Sr. Vice President, both of Carl Thompson Associates, +1-800-959-9677, for Monaco Coach Corporation.