National R.V. Holdings Inc. Reports on Its Shareholder Meeting and Its Success at the Louisville Trade Show

PERRIS, Calif., Dec. 19, 2005 -- National R.V. Holdings, Inc. , a leading manufacturer of recreational vehicles, today announced results of its December 9th annual shareholder meeting and commented on its results at the industry trade show in Louisville, Kentucky, held earlier in the month.

The Company announced that the two items being voted on by shareholders at the annual meeting, the election of the current chief executive officer as a Class I director until the 2008 annual meeting of stockholders, and the ratification of Swenson Advisors, LLP as the Company's independent registered public accountants, received overwhelming support from stockholders. Both items overwhelmingly passed with greater than 94% of the vote. "We believe such results corroborate our view that our shareholders are supportive of management's plan to return the Company to profitability," commented Brad Albrechtsen, the Company's president and chief executive officer.

The Company also announced that its expectations for attracting dealers at the recent trade show in Louisville were exceeded. Ten new dealers made commitments at the show to carry the Company's products. "We went to the event with the intent to partner with new dealers in open territories, and were excited that so many chose to make that commitment to us," stated Albrechtsen. The Company currently sells its motorhomes through approximately 120 dealer locations in the U.S. and Canada.

In addition, the Company's new products debuting at the show were well received. "We were very happy with the dealers' reception of National RV's entry-level Surfside motorhome," stated John Draheim, the National RV division's senior vice president of sales and product planning. "This product, which retails to customers starting at under $90,000, is a key product in support of our initiative to grow volume at our division. We had four different floorplans available for dealers to see, and are already in production with these units. There was also considerable interest in the division's front engine diesel Sea Breeze prototype," continued Draheim. "We believe our aggressive product roll-outs over the past year position us nicely coming into 2006."

The Company's Country Coach division also enjoyed a number of successes at the show in Louisville. During the event, the division finalized agreements with new dealers in Pennsylvania, Texas, Louisiana, and Minnesota. "We continue to be pleased with the volume of our orders, which have our facilities operating at virtually full capacity," stated Jim Howard, Country Coach's senior vice president of sales and service. "This show's success reflects our continued aggressive pursuit of the high-line diesel market. Thanks to constant dealer feedback, our motorcoaches set the standard at our price points, furthering our success as we add new premium dealerships and increase our saturation at existing dealerships."

National R.V. Holdings also reported that recent market share data from Statistical Surveys showed that for the quarter ending in September, the Company's market share increased to 7.2%, up from 6.2% during the same period last year. Year-to-date, the Company's market share was 6.9%, up from 6.6% for the same period in 2004. Commenting on these market share improvements and the Company's prospects, Albrechtsen stated, "The commitments from new dealers, the new products, and the improvements in National RV Holdings' market share all suggest that the Company's recent efforts are paying off and bode well for the Company's expected return to profitability in 2006.

"Additionally, we have implemented many initiatives designed to address the downturn we experienced during 2005. These initiatives include the programs to add new dealers, the introduction of product at four new price points, the redesign of existing product, the further reduction in inventories, improvements in manufacturing efficiencies, a change in senior management at the NRV division, and fixed overhead cost reductions. Many of these initiatives are being completed in the fourth quarter and some will be ongoing in 2006. As stated previously, the Company will incur a loss in the fourth quarter of 2005 as the full impact of these initiatives will not be reflected in the financial results until 2006."

About National R.V. Holdings, Inc.

National R.V. 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, 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; continuation of losses; seasonality and potential fluctuations in the Company's operating results; any material weaknesses in the Company's internal control over financial reporting or the failure to remediate any of the previously disclosed material weaknesses; any failure to implement required new or improved controls; the Company's ability to maintain its stock exchange listing; 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.