Thor Declares Special Dividend of 25 Cents Per Share. Increases Regular Quarterly Dividend From 3 Cents Per Share to 5 Cents. Extends Stock Buy Back Plan to March 31, 2007.

JACKSON CENTER, Ohio, June 20 -- Thor Industries, Inc. announced today that its board declared a special one time dividend of 25 cents per share to stockholders of record on July 22, 2005 payable on August 5, 2005.

Thor also announced that its board increased its regular quarterly dividend 66%, from 3 cents per quarter to 5 cents per quarter payable on October 4, 2005 to stockholders of record on September 16, 2005. As previously announced, the next quarterly dividend of 3 cents will be payable on July 1, 2005 to stockholders of record on June 15, 2005.

"The special dividend of 25 cents per share recognizes our unsurpassed performance in our two industries, recreation vehicles and buses in this, our 25th year in business," said Wade F. B. Thompson, Thor Chairman. "The increase in our regular quarterly dividend reflects our confidence that Thor will continue its exceptional record of profitable growth," Thompson added.

Thor's common stock buy back plan, consisting of 1,132,800 shares, has been extended to March 31, 2007.

Thor is the largest manufacturer of recreation vehicles and the largest builder of mid-size buses.

This release includes "forward looking statements" that involve uncertainties and risks. There can be no assurance that actual results will not differ from the Company's expectations. Factors which could cause materially different results include, among others, the success of new product introductions, the pace of acquisitions and cost structure improvements, competitive and general economic conditions, and the other risks set forth in the Company's filings with the Securities and Exchange Commission.