Institutional Investor Magazine Honors PACCAR Executive

BELLEVUE, Wash.--Feb. 4, 2005--In its January 2005 edition, Institutional Investor magazine published their survey which rated the best CEOs in America by business sector. PACCAR's chairman and chief executive officer, Mark C. Pigott, was recognized as one of the top three CEOs in the Machinery sector.

In its survey, Institutional Investor asked portfolio managers and equity analysts to select the best-performing executives in the business segments they analyzed throughout the year. "It is a wonderful honor to be associated with executives such as Jim Farrell of Illinois Tool Works and Sandy Cutler of Eaton," noted Pigott. "This recognition is a clear reflection of the dedication of PACCAR's 20,500 talented employees who deliver outstanding products and services to PACCAR dealers and customers every day. The company is celebrating its 100th year in 2005 and is pleased to be recognized for its quality and technology leadership, as well as superior shareholder return."

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition, the Bellevue, Washington-based company manufactures industrial winches under the Braden, Gearmatic and Carco nameplates.

PACCAR shares are traded on the Nasdaq Stock Market, symbol PCAR, and its homepage can be found at www.paccar.com.