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Lund International Holdings Names President and CEO

14 September 1998

Lund International Holdings Names Director Dennis Vollmershausen President and CEO

New Appointee Has 30 Years of Manufacturing and Automotive Industry Experience

    ANOKA, Minn., Sept. 14 -- Lund International Holdings, Inc.
announced today that outside director Dennis W. Vollmershausen,
an accomplished executive with more than 30 years of management experience in
the manufacturing and automotive industries, has been named President and
Chief Executive Officer, effective October 1, 1998.  He replaces
William J. McMahon, who has resigned.
    "Dennis Vollmershausen is a dynamic leader with extensive industry
experience and a strong track record.  He is the ideal choice to lead Lund in
the next stage of its development as it becomes the leading industry
consolidator in this dynamic and growing sector," said Ira Kleinman, Chairman
of Lund's Board of Directors.  "His more than 30 years of manufacturing and
automotive industry experience, in-depth knowledge of the marketplace and
marketing skills make Dennis uniquely suited to build on the foundation that
was put in place through the combination of Lund and Deflecta-Shield earlier
this year."
    In March 1998, Lund, the leading manufacturer of appearance accessories
for light trucks, completed the acquisition of Deflecta-Shield Corporation, a
leading manufacturer of both light truck and heavy truck accessories.  With
this new acquisition, Lund has grown from a company with $45 million in
revenues and two facilities to one with revenues of approximately $115 million
and six facilities nationwide.
    Kleinman continued, "The Board would like to thank Bill McMahon for the
many contributions he has made to Lund's success to date, and we wish him well
with his next endeavor.  At the same time, we believe Dennis Vollmershausen is
the right person to take Lund to the next level.  He has the leadership
qualities needed to leverage Lund's industry position and drive shareholder
value in the years ahead."
    "With its leading market position, broad product line, expanding customer
base and talented employees, Lund is an extremely well-positioned company in a
rapidly consolidating industry," said Vollmershausen.  "I am excited to join a
company with such exceptional potential and look forward to working closely
with the Board and management to build on Lund's leadership position for the
long-term benefit of our shareholders, customers and employees."
    Vollmershausen, 55, comes to Lund from Champion Road Machinery Limited, a
Canadian manufacturer of road construction and maintenance equipment, where he
was President and CEO.  Under Vollmershausen's leadership, Champion realized
record financial results, with sales of $240 million in 1997.
    Prior to joining Champion in 1996, Vollmershausen spent five years as an
investor/consultant for private and public companies, for many of which he
served as a board member, in such industries as road construction machinery,
automotive parts suppliers, vinyl door/window parts, water distribution
equipment, industrial conveyor belts, tube bending/forming equipment and
automotive accessory manufacturers.
    Earlier, he spent 26 years at Timberjack Corporation, most recently as
President and CEO, where he spearheaded a successful turnaround plan which
established Timberjack as the world's leading manufacturer of specialized
forestry equipment with sales of $280 million.  During his five-year tenure as
CEO, Vollmershausen was responsible for growing revenues 180% through
strategic joint ventures, acquisitions and internal growth.

    Based in Anoka, Minnesota, Lund International Holdings is a leading
designer, manufacturer and marketer of a broad line of accessories for new and
used light trucks, including pick-up trucks, sport utility vehicles, mini-vans
and other vans.