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SMC Corporation Announces Share Repurchase

15 December 1998

SMC Corporation Announces Share Repurchase

    HARRISBURG, Ore., Dec. 14 -- SMC Corporation
today announced that the Board of Directors has authorized the repurchase from
time to time of up to 300,000 shares of common stock.  Shares may be
repurchased at prevailing market prices from time to time, either in open
market transactions or in privately negotiated purchases.  The Board of
Directors will periodically evaluate the program to determine whether it
should be continued or terminated.  SMC also announced that, pursuant to
earlier authorization from its Board of Directors, it had completed the
repurchase of approximately 500,000 shares thus far this year.  As of this
date, there are approximately 5.8 million shares of SMC Corporation common
stock outstanding.
    SMC Corporation is one of the largest high line motor coach manufacturers
in the United States.  Headquartered in Harrisburg, Oregon, the Company has
six locations in Oregon.  Information about SMC Corporation and its products
can be found on the World Wide Web at http://www.smccorporation.com.
    Forward Looking Statements:  The statements in this report contain
forward-looking statements.  A number of factors could cause actual results to
differ materially from these statements, including delays in full operation of
the production facility, a general slowdown in the economy or the RV market
specifically, or new products from competitors.  Please also refer to the
Company's SEC reports, including, but not limited to its Form 10Q Quarterly
Report for the quarter ended September 30, 1998 and its Form 10K Annual Report
for the year ended December 31, 1997.