Lund International Holdings, Inc. Announces $75,000,000 Refinancing

DULUTH, Ga., March 4 -- Effective February 28, 2003, Lund International (OTC Pink Sheets: LUND) entered into a $75 Million Credit Facility to replace its existing senior term and working capital loans. The facility is funded by GE Corporate Finance and BNP Paribas as co-agents. Merrill Lynch Capital and other lenders also participated in the facility.

Dennis Vollmershausen, President and Chief Executive Officer, stated that, "The refinancing of our senior debt facility, secured in a very tough lending market, underscores our company's strength and positions us for continued growth in the automotive accessories aftermarket."

Lund International is a leading designer, manufacturer and marketer of a broad line of accessories for the automotive aftermarket. Its products are sold under the trade names "Lund(R)", "Deflecta-Shield(R)", "Deflecta- Shield(R)" Aluminum, "Autotron(TM)", "Belmor(TM)", "Auto Ventshade(R)" and "Nifty(TM)". The corporate headquarters are at 3700 Crestwood Parkway, N.W., Suite 1000, Duluth, Georgia 30096.

Statements in this press release relating to future or anticipated company operations or results are forward-looking statements made under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties which could cause results of operations to differ materially from those anticipated. Among the factors that could cause results of operations to differ materially are the following: inability to obtain expected efficiencies from acquisitions, or to obtain them in a timely manner; consumer preference changes; increased competition; general economic developments and trends; developments and trends in the light truck and automotive accessory market; sales of heavy trucks, which are cyclical; introduction of competitive new products by the Company and acceptance of those new products; increased cost and risks of expansion into new distribution channels. This is not an exhaustive list and the Company may supplement this list in future filings or releases or in connection with the making of forward-looking statements.

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