Webcast Alert: AMERCO Announces Its Combined Fourth Quarter Fiscal Year End 2003 and First Quarter Fiscal Year 2004 Investor Conference Call on the Web; Live and Archived Conference Call Notification

RENO, Nev., Aug. 26, 2003 -- In conjunction with AMERCO, you are invited to listen to its combined fourth quarter fiscal year end 2003 and first quarter fiscal year 2004 investor conference call that will broadcast over the Internet on Friday, September 5, 2003 at 10:30 a.m. Pacific Time.

   What:     AMERCO
Combined Fourth Quarter Fiscal
             Year End 2003 and First Quarter Fiscal Year 2004 Investor
             Conference Call

   When:     Friday, September 5, 2003

   Where:    http://www.firstcallevents.com/service/ajwz388136441gf12.html

   How:      Over the Internet -- Simply log on to the Web at the address
             above.

   Contact:  Jennifer Flachman, Director of AMERCO Investor Relations
             (800) 528-0361, ext. 6568

AMERCO is the Reno, Nev.-based holding company for U-Haul International Inc., Oxford Life Insurance Company, Republic Western Insurance Company and Amerco Real Estate Company.

The call will be archived at www.amerco.com . The call will also be archived at www.prnewswire.com .

*(Minimum Requirements to listen to broadcast: The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/EN/default.asp , and at least a 28.8Kbps connection to the Internet. If you experience problems listening to the broadcast, send an email to isproducers@prnewswire.com.)

PRNewswire -- Aug. 26