Rush Enterprises Inc. Announces Investment by Paccar Inc.

14 October 1999

Rush Enterprises Inc. Announces Investment by Paccar Inc.

    SAN ANTONIO--Oct. 14, 1999--Rush Enterprises Inc., , today announced that PACCAR Inc. has purchased 956,175 shares of Common Stock of the Company.
    Following the purchase, PACCAR will hold approximately 14% of the Company's outstanding Common Stock, and Mr. Rush will remain the Company's largest stockholder with approximately 39% of the outstanding Common Stock.
    Rush Enterprises operates the largest network of Peterbilt heavy-duty truck dealerships in North America and John Deere construction equipment dealerships in Texas and Michigan. Its current operations include a network of dealerships located in Texas, California, Oklahoma, Louisiana, Colorado, Arizona, New Mexico and Michigan. These dealerships provide an integrated, one-stop source for the retail sale of new and used heavy-duty trucks and construction equipment; aftermarket parts, service and body shop facilities; and a wide array of financial services, including the financing of truck and equipment sales, insurance products and leasing and rentals. The Company also operates a retail farm and ranch superstore that serves the greater San Antonio, Texas, area.