---

Thor Announces Exclusive License with MAN

8 October 1999

Thor Announces Exclusive License with MAN, Builder of Europe's 1999 Bus of the Year, to Manufacture Light Weight, Low Floor Buses

    JACKSON CENTER, Ohio, Oct. 7 -- Thor Industries, Inc.
announced today an exclusive agreement with MAN, one of Germany's
largest corporations, to build a new series of lighter weight low floor buses.
MAN's NL263 bus was named Europe's 1999 Bus of the Year.  Thor will build 40'
and 30' versions of the bus using MAN's design and engineering principles
under an exclusive North American license agreement.
    MAN, which has been building buses since 1904, beat out Daimler-Benz,
Iveco, and Scania for the 1999 Bus of the Year Award.  MAN is a pioneer in low
floor technology and sells buses throughout the world.
    "This new alliance with MAN, which had sales of $14 billion last year,
represents Thor's entry into full-size transit buses.  It is a natural
extension of our mid-size bus business where we hold a dominant 34% share,"
said Wade F. B. Thompson, Thor Chairman.  "With this product line expansion,
Thor will offer its customers the widest product range in the commercial bus
industry."

    This release includes "forward-looking statements" that involve
uncertainties and risks.  There can be no assurance that actual results will
not differ from the Company's expectations.  Factors which could cause
materially different results include, among others, the success of new product
introductions, the pace of acquisitions and cost structure improvements,
competitive and general economic conditions, and the other risks set forth in
the Company's filings with the Securities and Exchange Commission.