Thor to Purchase Up to 1 Million Shares of Its Common Stock

JACKSON CENTER, Ohio, March 11 -- Thor Industries, Inc. announced today that its Board of Directors has approved the purchase of up to 1 million shares of its common stock from time to time at the discretion of management.

"This authorization to purchase our stock demonstrates our continuing commitment to enhance shareholder value and we believe that current market conditions present an attractive investment opportunity," said Wade F. B. Thompson, Thor Chairman.

Thor is the largest unit manufacturer of recreation vehicles and the largest builder of mid-size buses. It recently announced that its net income and E.P.S. in the quarter ended January 31, 2003 were double last year.

This release includes "forward looking statements" that involve uncertainties and risks. There can be no assurance that actual results will not differ from the Company's expectations. Factors which could cause materially different results include, among others, the success of new product introductions, the pace of acquisitions and cost structure improvements, competitive and general economic conditions, and the other risks set forth in the Company's filings with the Securities and Exchange Commission.