POLARIS INDUSTRIES ANNOUNCES ORGANIZATIONAL CHANGES
Three-pronged initiative to improve competitiveness

Minneapolis, MN (11/9/06) - Polaris Industries Inc. today announced targeted organizational changes as part of an overall plan to improve Polaris business over the next 12 to 15 months. These changes, designed to strengthen performance in the increasingly competitive all-terrain vehicle (ATV) category, allow Polaris to realign resources across the organization in order to lower the cost structure and pursue additional growth initiatives, making the company more competitive.

"This was not an easy decision; however, we're facing a tougher external environment in the ATV, international and snowmobile markets and need to realign resources throughout the organization," said Tom Tiller, CEO, Polaris Industries. "This is part of a three-pronged initiative designed to make Polaris more competitive over the next 12 to 15 months and we are confident that these changes will allow us to better invest resources into the competitive ATV business, adjacent markets and new product opportunities."

The staff reductions include 53 salaried positions and 24 temporary, intern and contractor positions worldwide. This represents two percent of the total Polaris workforce of 3,500.

About Polaris:
With annual 2005 sales of $1.9 billion, Polaris designs, engineers, manufactures and markets snowmobiles, all-terrain vehicles (ATVs), Victory motorcycles and the Polaris RANGER for recreational and utility use.

Polaris is a recognized leader in the snowmobile industry; and one of the largest manufacturers of ATVs in the world. Victory motorcycles, established in 1998 and representing the first all-new American-made motorcycle from a major company in nearly 60 years, are rapidly making impressive in-roads into the motorcycle cruiser marketplace. Polaris also enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships.

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 Small-Cap 600 stock price index.

Information about the complete line of Polaris products, apparel and vehicle accessories is available from authorized Polaris dealers or anytime from the Polaris homepage at www.polarisindustries.com.

www.polarisindustries.com
2100 Highway 55
Medina, MN 55340
(763) 417-8650

Discuss this in ATVriders.com Forum