Harley-Davidson, Inc. Announces Results of Annual Shareholder Meeting, Increases Dividend for 10th Straight Year

MILWAUKEE, May 3 -- Harley-Davidson, Inc. today announced the results of its Annual Shareholder Meeting.

All items to be voted upon by shareholders were approved. Elections for both Class III Directors were approved. They are Jeffrey L. Bleustein, Donald A. James and James A. Norling.

Ernst & Young was ratified as the Company's independent auditor for calendar year 2003.

The Board also approved a quarterly cash dividend of $.04 per share, payable June 20, 2003 to shareholders of record June 10, 2003. This represents a 14.3 percent increase over the last quarterly dividend. The Company currently has approximately 302.3 million shares of common stock outstanding.

Harley-Davidson, Inc. is the parent company for the group of companies doing business as Harley-Davidson Motor Company, Buell Motorcycle Company and Harley-Davidson Financial Services, Inc. Harley-Davidson Motor Company, the only major U.S.-based motorcycle manufacturer, produces heavyweight motorcycles and offers a complete line of motorcycle parts, accessories, apparel, and general merchandise. Buell Motorcycle Company produces sport motorcycles in addition to motorcycle parts, accessories and apparel. Harley-Davidson Financial Services, Inc. provides wholesale and retail financing and insurance programs to Harley-Davidson dealers and customers.