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Spartan Motors Announces Dividend

                      Spartan Motors Announces Dividend

PR Newswire

CHARLOTTE, Mich., Oct. 30, 2012

CHARLOTTE, Mich., Oct. 30, 2012 /PRNewswire/ --Spartan Motors, Inc. (NASDAQ:
SPAR) today announced that its board of directors has declared a semi-annual
cash dividend of $0.05 per share of common stock.

The Charlotte, Mich.-based manufacturer of custom chassis, emergency response
vehicles, delivery and service vehicles, and specialty vehicles, reported its
semi-annual dividend will be payable December 13, 2012 to shareholders of
record at the close of business on November 8, 2012.

"The approval of this semi-annual dividend reflects the board's confidence in
Spartan's financial health, strategy and outlook for the future," said John
Sztykiel, president and chief executive officer of Spartan Motors. "Spartan
has paid a regular dividend since 1993 and the board is committed to providing
shareholders a consistent return on their investment in the future."

About Spartan Motors
Spartan Motors, Inc. designs, engineers and manufactures specialty chassis,
specialty vehicles, truck bodies and aftermarket parts for the recreational
vehicle (RV), emergency response, government services, defense, and delivery
and service markets. The Company's brand names – Spartan™, Spartan Chassis™,
Spartan ER™, Spartan ERV™ and Utilimaster® - are known for quality,
performance, service and first-to-market innovation. The Company employs
approximately 1,800 associates at facilities in Michigan, Pennsylvania, South
Dakota, Indiana, Florida and Texas. Spartan reported sales of $426 million in
2011 and is focused on becoming a global leader in the design, engineering and
manufacture of specialty vehicles and chassis. Visit Spartan Motors at
www.spartanmotors.com.

This release contains several forward-looking statements that are not
historical facts, including statements concerning our business, strategic
position, financial strength, future plans, objectives, and the performance of
our products. These statements can be identified by words such as "believe,"
"expect," "intend," "potential," "future," "may," "will," "should," and
similar expressions regarding future expectations. These forward-looking
statements involve various known and unknown risks, uncertainties, and
assumptionsthat are difficult to predict with regard to timing, extent, and
likelihood. Therefore, actual performance and results may materially differ
from what may be expressed or forecasted in such forward-looking statements.
Factors that could contribute to these differences include operational and
other complications that may arise affecting the implementation of our plans
and business objectives; continued pressures caused by economic conditions and
the pace and extent of the economic recovery; challenges that may arise in
connection with the integration of new businesses or assets we acquire or the
disposition of assets; issues unique to government contracting, such as
competitive bidding processes, qualification requirements, and delays or
changes in funding; disruptions within our dealer network; changes in our
relationships with major customers, suppliers, or other business partners,
including Isuzu; changes in the demand or supply of products within our
markets or raw materials needed to manufacture those products; and changes in
laws and regulations affecting our business. Other factors that could affect
outcomes are set forth in our Annual Report on Form 10-K and other filings we
make with the Securities and Exchange Commission (SEC), which are available at
www.sec.gov or our website. All forward-looking statements in this release
are qualified by this paragraph. Investors should not place undue reliance on
forward-looking statements as a prediction of actual results. We undertake no
obligation to publicly update or revise any forward-looking statements in this
release, whether as a result of new information, future events, or otherwise.

SOURCE Spartan Motors, Inc.

Website: http://www.spartanmotors.com
Contact: Joseph Nowicki, CFO, Spartan Motors, Inc., +1-517-543-6400; or Greg
Salchow, Director IR & Treasury, Spartan Motors, Inc., +1-517-543-6400
 
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