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Lund International Holdings, Inc., Duluth, Georgia

24 October 2000

Lund International Holdings, Inc., Duluth, Georgia

    DULUTH, Ga., Oct. 24 Lund International Holdings, Inc. announced today that it
was being delisted from the Nasdaq National Market. Effective today the
Company will begin trading on the Nasdaq bulletin board. The Company has an
application pending to be listed on The American Stock Exchange (Amex). The
American Stock Exchange is currently reviewing the Company's application for
listing, but at the time of this press release The American Stock Exchange had
not notified the Company of its determination.
    In its 1999 Annual Report and Report on Form 10-K, the Company disclosed
that on March 21, 2000, it received a letter from Nasdaq notifying the Company
that it was not in compliance with Market Maintenance Standard 2, because the
Company's stock had not maintained a minimum bid price of $5.00 over thirty
consecutive trading days. Nasdaq allowed the Company to attempt compliance
under an alternative Maintenance Standard or to meet the requirements for
Nasdaq Small Cap Market, but the Company was unsuccessful in these attempts.
    In an unrelated matter, on Friday, October 20, 2000, the Company announced
that it was relocating its Anoka, Minn. Distribution Center to Lawrenceville,
Ga. as part of its continuing plan to restructure and consolidate its
operations in order to increase efficiencies and reduce operating costs. That
press release should be reviewed for additional detailed information regarding
that announcement.
    Lund International is a leading designer, manufacturer and marketer of a
broad line of accessories for the automotive aftermarket.  Its products are
sold under the trade names "Lund(R)," "Deflecta-Shield(R),"
"Deflecta-Shield(R)" Aluminum, "Autotron(TM),"  "Belmor(R)," "Trail
Master(R)," "Auto Ventshade(R)," and "Smittybilt(R)." The corporate
headquarters is located at 3700 Crestwood Parkway, NW, Suite 1000, Duluth,
Georgia 30096.
    Statements in this press release relating to future or anticipated company
operations or results are forward-looking statements made under the Private
Securities Litigation Reform Act of 1995. These statements involve risks and
uncertainties which could cause results of operations to differ materially
from those anticipated. Among the factors that could cause results of
operations to differ materially are the following: inability to obtain
expected efficiencies from acquisitions, or to obtain them in a timely manner;
consumer preference changes; increased competition; general economic
developments and trends; developments and trends in the light truck and
automotive accessory market; sales of heavy trucks, which are cyclical;
introduction of competitive new products by the Company and acceptance of
those new products; increased cost and risks of expansion into new
distribution channels. This is not an exhaustive list and the Company may
supplement this list in future filings or releases or in connection with the
making of forward-looking statements.