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Winnebago Industries Declares Cash Dividend and Stock Repurchase Program

16 March 2000

Winnebago Industries Declares Cash Dividend and Stock Repurchase Program

    FOREST CITY, Iowa, March 16 The board of directors of
Winnebago Industries, Inc., has declared a cash dividend of
ten cents a share, payable on July 10, 2000 to shareholders of record as of
June 9, 2000.
    In addition, Winnebago Industries' Board also authorized the repurchase of
outstanding shares of the Company's Common Stock for an aggregate purchase
price of up to $15 million.  This is the fourth stock repurchase program to be
announced within the last four years.  Since December 1997, Winnebago
Industries has repurchased 4,494,098 shares, or 17.4 percent, of the Company's
outstanding stock.
    "Winnebago Industries' stock is an excellent value in today's market,"
said Winnebago Industries Chairman, CEO and President Bruce Hertzke.  "These
actions are an indication of the Board's confidence in the Company and
Winnebago Industries' continued strength within the RV industry."
    Winnebago Industries, Inc. is a leading manufacturer of motor homes,
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.  The Company believes its products conform to the most rigorous quality
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