Winnebago Industries Announces $50 Million Stock Repurchase Program

FOREST CITY, Iowa--April 12, 2006--Winnebago Industries, Inc., , the leading United States (U.S.) motor home manufacturer, today announced a new $50 million stock repurchase authorization, following the completion of its current stock repurchase authorization.

Winnebago Industries has completed the stock repurchase authorization announced on June 15, 2005, with the repurchase of 1,006,546 shares for an aggregate price of approximately $30 million.

Winnebago Industries' Board of Directors today authorized a new stock repurchase program, authorizing the purchase of outstanding shares of Winnebago Industries' common stock for an aggregate price of up to $50 million.

Winnebago Industries' Chairman and CEO Bruce Hertzke said, "We continue to believe that the repurchase of Winnebago Industries' stock is a good means to enhance shareholder value." Since December 1997, Winnebago Industries has repurchased approximately 22.8 million shares for an aggregate price of approximately $308.5 million.

About Winnebago Industries

Winnebago Industries, Inc. is the leading U.S. manufacturer of motor homes, self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. The Company builds quality motor homes under the Winnebago and Itasca brand names with state-of-the-art computer-aided design and manufacturing systems on automotive-styled assembly lines. The Company's common stock is listed on the New York, Chicago and Pacific Stock Exchanges and traded under the symbol WGO. Options for the Company's common stock are traded on the Chicago Board Options Exchange. For access to Winnebago Industries' investor relations material, to add your name to an automatic email list for Company news releases or for information on a dollar-based stock investment service for the Company's stock, visit,

http://www.winnebagoind.com/html/company/investorRelations.html

This press release may 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. A number of factors could cause actual results to differ materially from these statements, including, but not limited to reactions to actual or threatened terrorist attacks, declines in consumer confidence, the availability and price of fuel, a significant increase in interest rates, a slowdown in the economy, availability of chassis and other key component parts, sales order cancellations, slower than anticipated sales of new or existing products, new products introduced by competitors and other factors. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or from the Company upon request.