---

Winnebago Industries Announces Stock Repurchase Program

21 June 1999

Winnebago Industries Announces Stock Repurchase Program

    FOREST CITY, Iowa, June 18 -- The Board of Directors of
Winnebago Industries, Inc. today authorized the repurchase of
outstanding shares of the Company's Common Stock for an aggregate purchase
price of up to $15 million.
    Winnebago Industries' Chairman, CEO and President said, "This is the third
stock repurchase program announced by the Company within a period of two
years.  This commitment to repurchase stock shows the confidence the Board of
Directors has in the Company's ability to meet its financial objectives and
their confidence in the growth of our outstanding product lines." Winnebago
Industries previously completed a $36.5 million common stock repurchase
program in September, 1998.  In addition, an Oddlot Repurchase Program was
completed in February, 1999 for an additional $834,000 of stock.  Together,
these repurchase programs resulted in the reduction of the number of
outstanding shares of Winnebago Industries' stock from 25,486,827 to
22,135,615, or by 13.1 percent.
    Winnebago Industries, Inc. is a leading manufacturer of motor homes that
are 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, conforming to what the Company believes to be the most rigorous testing
in the RV 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.  Visit Winnebago Industries' Web site at http://www.winnebagoind.com