National RV Holdings Obtains Increase in Line of Credit and Extension of Term

PERRIS, Calif., April 26 -- National RV Holdings, Inc. , today announced that it has signed a Loan Modification Agreement, amending the terms of its existing asset-based revolving credit facility with UPS Capital Corporation.

The maximum availability under the line has been increased from $15 million to $20 million, providing additional liquidity for the Company. The agreement also modified the initial term of the line of credit, which was originally set to expire in August of 2005. It has been extended to January 31, 2006.

Joseph Hansen, National RV Holding's chief financial officer commented, "We are very pleased to close this transaction with UPS Capital so quickly and at such favorable terms. The extension of this credit facility will provide us with additional time to assess our needs and identify appropriate financing to meet our capital requirements going forward."

National RV Holdings, Inc., through its two wholly owned subsidiaries, National RV, Inc. (NRV) and Country Coach, Inc. (CCI), is one of the nation's leading producers of motorized recreation vehicles. NRV is located in Perris, California where it produces Class A gas and diesel motor homes under model names Dolphin, Islander, Sea Breeze, Tradewinds and Tropi-Cal. CCI is located in Junction City, Oregon where it produces high-end Class A diesel motor homes under the model names Affinity, Allure, Inspire, Intrigue, Lexa and Magna, and bus conversions under the Country Coach Prevost brand.

This release and other statements by the Company contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, the cyclical nature of the recreational vehicle industry; seasonality and potential fluctuations in the Company's operating results; any material weaknesses in the Company's internal control over financial reporting or any failure to implement required new or improved controls; the Company's dependence on chassis suppliers; potential liabilities under dealer/lender repurchase agreements; competition; government regulation; warranty claims; product liability; and dependence on certain dealers and concentration of dealers in certain regions. Certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested are set forth in the Company's filings with the Securities and Exchange Commission (SEC) and the Company's public announcements, copies of which are available from the SEC or from the Company upon request.