Winnebago Industries Reports Stock Repurchase

29 December 1997
Winnebago Industries Reports Stock Repurchase

    FOREST CITY, Iowa, Dec. 29 -- The Officers and Board of
Directors of Winnebago Industries, Inc. today authorized and
directed the repurchase of outstanding shares of the Company's Common Stock
for an aggregate purchase price of up to $36.5 million.
    Of this purchase price, $19.5 million may be used by Winnebago Industries
to make open-market purchases of the Company's Common Stock from time to time
over the next 18 months in accordance with Rule 10b-18 of the Securities
Exchange Act of 1934.
    In addition, $17 million will be applied to the purchase of Common Stock
from the Estate of John K. Hanson at a per share price equal to three percent
below the average of the high and low New York Stock Exchange prices of
Winnebago Industries' Common Stock on December 29, 1997.
    "Due to the strong financial position of the Company and management's
confidence in our outstanding product line, the Board of Directors feels the
stock is an excellent value in today's market," said Winnebago Industries
President and Chief Operating Officer Bruce Hertke.
    Winnebago Industries, Inc. is a leading manufacturer of motor homes,
self-contained recreation vehicles used primarily in leisure travel and
outdoor recreation activities.  Other products manufactured by the Company
consist principally of a variety of component products for other
manufacturers.  The Company builds quality products with state-of-the-art
computer-aided design and manufacturing systems on automotive-styled assembly
lines.  These products conform to what the Company believes to be the most
rigorous testing in the recreation vehicle industry.  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. Winnebago Industries' press
releases are available through Company News On-Call by fax, 800-758-5804,
ext. 105967, or on-line at http://www.prnewswire.com/  Visit Winnebago
Industries' Web site at http://www.winnebagoind.com/

SOURCE  Winnebago Industries, Inc.