Winnebago Industries Receives National Annual Report Award

FOREST CITY, Iowa--Oct. 2, 20030, 2003--Winnebago Industries, Inc. has been chosen as a national recipient of the 2003 Nicholson Awards competition conducted by National Association of Investors Corporation (NAIC) for the Company's 2002 annual report. Winnebago Industries' annual report was chosen as one of five national award recipients for this prestigious award. The other national recipients include: Anheuser-Busch Companies, Inc., Leggett & Platt Incorporated, McCormick & Company, Incorporated and PPG Industries, Inc.

The Nicholson Awards judges rate the annual reports using four criteria: financial highlights of the past two years, financial summary, written content and design. Award winners were grouped in 84 divisions with five national awards, three international awards and 123 companies receiving industry division awards.

"This award means a great deal to us, particularly since it is coming from a shareholder-based organization," said Sheila Davis, Winnebago Industries' Public Relations/Investor Relations Manager. "We strive each year to create an annual report that is easy for our shareholders to read and understand while making the design visually attractive. It is our goal to provide as much detail as possible in an orderly fashion in order to provide our shareholders and potential investors with a broad spectrum of information on Winnebago Industries so they can intelligently evaluate the Company as an investment."

NAIC is a non-profit organization that is made up of investment clubs and individual investors. With over 326,800 members, NAIC's information programs are designed to help members become successful, long-term, lifetime investors.

Winnebago Industries, Inc. is the leading manufacturer of motor homes, self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. The Company builds quality motor homes under the Winnebago, Itasca, Rialta and Ultimate brand names with state-of-the-art computer-aided design and manufacturing systems on automotive-styled assembly lines. The Company's common stock is listed on the New York, Chicago and Pacific Stock Exchanges and traded under the symbol WGO. Options for the Company's common stock are traded on the Chicago Board Options Exchange. For access to Winnebago Industries investor relations material, to add your name to an automatic email list for Company news releases or for information on a dollar-based stock investment service for the Company's stock, visit, www.winnebagoind.com/investor_relations.htm.