Oshkosh Truck To Present Growth Strategies at Banc of America Securities Annual Investment Conference September 23-26, 2002

    OSHKOSH, Wis.--Sept. 19, 2002--Oshkosh Truck Corporation announced that it will present its growth strategies at the Banc of America Securities Annual Investment Conference September 23-26, 2002. Robert G. Bohn, Oshkosh chairman, president and chief executive officer, and Charlie Szews, executive vice president and chief financial officer, are scheduled to present on Tuesday, September 24, 2002 at 2:15 p.m. Eastern Daylight Time. The Banc of America Securities Annual Investment Conference will be held at the Ritz-Carlton in San Francisco, California.
    "Oshkosh is pleased to participate in the Banc of America Conference. It's an opportunity to explain how well Oshkosh's business strategies have performed during this recession and what they offer when recovery occurs. We'll discuss what we're doing to build upon our reputation as a growth industrial company," said Robert G. Bohn, Oshkosh's chairman, president and chief executive officer.
    A live audio webcast of the presentation will be available through the Company's website www.oshkoshtruck.com. To access the webcast, investors should go to the website 15 minutes prior to the start of the presentation. The webcast will be archived through October 11, 2002.

    Oshkosh Truck Corporation is a leading manufacturer of specialty trucks and truck bodies for the fire and emergency, defense, concrete placement, and refuse hauling markets. Oshkosh Truck is a Fortune 1000 company with products marketed under the Oshkosh, Pierce, McNeilus, Medtec, Geesink and Norba brand names. The company is headquartered in Oshkosh, Wis., and had annual sales of $1.45 billion in fiscal 2001.

    Forward-Looking Statements

    This press release contains, and the referenced presentation will contain, statements that the company believes are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release or in the referenced presentation, words such as the company "expects," "intends," "estimates," "anticipates," "believes" or "should" and similar expressions are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the company's control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the cyclical nature of the company's markets, risks related to reductions in government expenditures, the uncertainty of government contracts, the challenges of identifying, completing and integrating future acquisitions, disruptions in the supply of parts or components, competition, and risks associated with international operations and sales, including foreign currency fluctuations. In addition, the company's expectations for fiscal 2002 and fiscal 2003 are based in part on certain assumptions made by the company, including those relating to a modest economic recovery anticipated in U.S. and European economies, timing of receipt of sales orders and payments and execution and funding of defense contracts, achieving targeted cost reductions, production and margin levels under the MTVR contract, estimated bid and proposal spending on defense truck procurement competitions, concrete placement activity, capital expenditures of large commercial waste haulers, municipalities and airports, market share growth expectations, estimated Geesink Norba Group sales and operating income, anticipated debt levels, interest costs and working capital needs, and assuming no acquisitions in fiscal 2002 or 2003. The inaccuracy of these or other assumptions could have a material adverse effect on the company's ability to achieve the company's expectations. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission.