Coachmen Industries, Inc. Declares Regular Quarterly Dividend; Appoints New Board Member

    ELKHART, Ind., Feb. 5 -- Coachmen Industries, Inc.
today announced that its Board of Directors has declared a $0.06
per share regular quarterly dividend. The dividend will be distributed on
March 13, 2003 to shareholders of record as of February 20, 2003. Coachmen
Industries has approximately 16.0 million shares of common stock outstanding.
The Company also announced that it has appointed Rex Martin, Chairman,
President and Chief Executive Officer, of NIBCO, Inc., to Coachmen's Board of
Directors.
    Claire C. Skinner, Chairman, Chief Executive Officer and President,
remarked, "We are very pleased to declare our 82nd consecutive quarterly
dividend.  In August, we increased the dividend by 20 percent as we continue
to focus on increasing shareholder value.  Additionally, we are delighted that
Mr. Martin has agreed to serve on our Board of Directors.  He is an extremely
accomplished businessman and his expertise will be beneficial to Coachmen and
its shareholders."
    Mr. Martin currently serves as Chairman of the Board of Directors and
President and Chief Executive Officer of Elkhart, Indiana-based NIBCO, Inc.
NIBCO is a worldwide manufacturer of flow-control systems solutions for the
residential and commercial construction markets for almost 100 years.  He was
appointed Chairman of the Board in 1995.  Mr. Martin has held the positions of
President and Chief Executive Officer since 1992 and was first named President
of NIBCO in 1986.  He joined the Company in 1975 and served in a variety of
marketing, plant management and executive positions until his appointment as
President.  Mr. Martin holds a bachelor's degree from Indiana University and a
master's degree in management from the Massachusetts Institute of Technology.
He is a member of the Board of Directors of First Source Bank and chairs their
Audit Committee.  Mr. Martin also sits on the Advisory Council for the School
of Engineering at the University of Notre Dame and is actively involved on the
Boards of numerous charitable organizations.
    Founded in 1964, Coachmen Industries, Inc. is one of the nation's leading
manufacturers of recreational vehicles with well-known brand names including
Coachmen(R), Georgie Boy(R), Shasta(R) and Viking(R).  Coachmen Industries is
also the largest modular home producer in the nation with its All American
Homes(R) and Mod-U-Kraf(R) subsidiaries. Modular commercial and
telecommunications structures are manufactured by the Company's Miller
Building Systems subsidiary.  Prodesign, a custom thermoformer of composite
and plastic parts, supplies components to numerous industries.  Coachmen is a
publicly held company with stock listed on the New York Stock Exchange (NYSE)
under the COA ticker symbol.
    This release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Investors are cautioned not
to place undue reliance on forward-looking statements, which are inherently
uncertain. Actual results may differ materially from that projected or
suggested due to certain risks and uncertainties including, but not limited to
the potential fluctuations in the Company's operating results, the condition
of the telecommunications industry which purchases modular structures, the
availability and the price of gasoline, the Company's dependence on chassis
suppliers, interest rates, competition, government regulations, legislation
governing the relationships of the Company with its recreational vehicle
dealers, the impact of consumer confidence and economic uncertainty on high-
cost discretionary product purchases and other risks identified in the
Company's SEC filings.