National R.V. Holdings' Board Rejects Offer

PERRIS, Calif., Nov. 28, 2005; National R.V. Holdings, Inc., a leading manufacturer of recreational vehicles, today said its Board of Directors voted to reject a November 21 proposal from CC Acquisition Group, Inc. to acquire the Company. The Board of Directors, after consulting with its advisors, concluded that the proposal was inadequate.

"The Board carefully reviewed and considered the proposal and found it to severely undervalue the Company and its growth prospects and thus to not be in the best interests of our stockholders," said Chairman Doy B. Henley. "The Company is implementing a concrete business strategy with the goals of returning to profitability and positioning its business for the long term. We strongly believe this plan, which is demonstrating signs of genuine progress, offers the best alternative for stockholders to maximize value in the Company."

In addition, the Board will continue working with its financial advisor, The Spartan Group LLC, on its ongoing strategic planning process. In connection with that process, the Board voted to amend its stockholder rights plan to eliminate provisions relating to "Continuing Directors," and to make several amendments to the bylaws of the Company as described in a Form 8-K being filed today with the Securities and Exchange Commission. The amendments are intended to increase the chances that the Company's strategic plan to maximize value for stockholders can be successfully implemented in the near term.