Polaris Declares Regular Cash Dividend; Appoints CEO Scott Wine to Board of Directors

MINNEAPOLIS--(Business Wire)--
Polaris Industries Inc. (NYSE: PII) today announced the
declaration of a regular quarterly $0.38 per share cash dividend
payable on November 17, 2008 to shareholders of record at the close of
business on November 3, 2008.

Scott Wine, Polaris' Chief Executive Officer commented, "We are
pleased to announce the declaration of our regular quarterly dividend
of $0.38 per share, which we believe continues to underscore the
strength of our business. Polaris' cash flow generation remains strong
and our balance sheet is healthy. Although we realize the current
macro-economic environment is challenging, we continue to make
progress on our growth initiatives and as a result, raised our full
year 2008 earnings per share guidance last week as announced in our
third quarter earnings press release. Given the flexibility our strong
financial position provides, we are able to adapt quickly to changes
in the marketplace and remain dedicated to driving operational
excellence and product innovation to maintain industry leading
performance."

Additionally, today Polaris appointed Scott W. Wine, the Company's
recently appointed Chief Executive Officer, to the Company's Board of
Directors. With the appointment of Mr. Wine, the Polaris Board of
Directors now has a total of ten members.

About Polaris

With annual 2007 sales of $1.8 billion, Polaris designs,
engineers, manufactures and markets all-terrain vehicles, including
the Polaris RANGER(TM) side-by-side vehicles (ATVs), snowmobiles and
Victory motorcycles for recreational and utility use.

Polaris is a recognized leader in the snowmobile industry, one of
the largest manufacturers of all-terrain recreational, utility and
side-by-side vehicles in the world, and rapidly making impressive
in-roads into the motorcycle cruiser and touring marketplace under the
Victory(R) brand. The Victory motorcycle division was established in
1998 representing the first all-new American-made motorcycle from a
major company in nearly 60 years. 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
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 are available from authorized Polaris dealers
or anytime from the Polaris homepage at www.polarisindustries.com.

Polaris Industries Inc.
Richard Edwards, 763-542-0500

Copyright Business Wire 2008