New Directors Appointed to the Polaris Board.

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--Oct. 19, 2000

William E. Fruhan, Jr., R.M. (Mark) Schreck, and J. Richard (Dick) Stonesifer were appointed to the Polaris Industries Inc. Board of Directors at today's Board of Director's meeting held at the corporate offices in Medina, Minnesota. In a related action, the Board of Directors expanded the number of directors serving on the Board from nine to twelve.

"We are excited to have added the expertise of Bill, Mark and Dick to our board", commented W. Hall Wendel Jr., Polaris Chairman, "Their experience in management and engineering will fit well with the growth strategies we plan to achieve".

William Fruhan holds the George E. Bates Professorship at the Harvard Business School. He received his BS degree in Chemistry from Yale University and his MBA and DBA degrees from Harvard University. He currently serves as Senior Associate Dean and Director of Faculty Development. Professor Fruhan is the author of Revitalizing Businesses; Financial Strategy; and The Fight for Competitive Advantage. Professor Fruhan was one of the early developers of the concept of value based management, and currently conducts his research in developing business level and corporate strategies aimed at enhancing shareholder values.

Mark Schreck is a registered professional engineer in Electric and Mechanical engineering. He holds six U.S. Patents and has successfully led the development and introduction of many new products and processes. Presently, Mark is President, RMS Engineering and the Director - Materials Center, University of Louisville, Speed School of Engineering. He was employed by General Electric for 25 years, most recently as Vice President and General Manager - Chief Technology Officer for GE Appliances. He retired from GE in 1998. Mark is a graduate of the University of Detroit with a B.S. degree in Electrical Engineering and holds a Masters degree in Electrical Engineering from Marquette University.

J. Richard (Dick) Stonesifer is a graduate of Teterboro School of Aeronautics and the Harvard Business School Advanced Management Program. He began his career with General Electric in 1959, and spent the next 14 years with GE's aircraft engine business in Korea, managing field service engineering in Vietnam during the war, training German fighter maintenance personnel, and managing a number of other engine businesses. He was Chairman and CEO of GE, Philippines, and GE, Portugal. In addition, he served as General Manager of GE's Carboloy System; Chairman and CEO of GE Brazil; Vice President and General Manager, International Construction & Service Division, GE Power Systems; Vice President and General Manager, International Sales & Services Division, GE Industrial and Power Systems; Vice President and General Manager, Marketing and Product Management, GE Industrial and Power Systems. He was appointed Senior Vice President, GE Appliances, in January 1992, and became President and CEO of GE Appliances in August 1992.

Dick retired from GE in July 1996. He owns his own company, is a management consultant, and serves on several boards.

Polaris designs, engineers, manufactures, and markets snowmobiles, all-terrain vehicles, Victory Motorcycles, personal watercraft, and the Polaris RANGER for recreational and utility use. Polaris is the world's largest snowmobile manufacturer and one of the largest U.S. manufacturers of ATVs and personal watercraft. Polaris Industries Inc. trades on the New York Stock Exchange and Pacific Stock Exchange under the symbol "PII," and the company is included in the S&P SmallCap 600 stock price index.