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Polaris Acquires Aixam Mega

  Polaris Acquires Aixam Mega

     Expertise in On-Road Quadricycles and Light Duty Commercial Vehicles

               Complements Polaris’ Existing Product Portfolio

Business Wire

MINNEAPOLIS -- April 11, 2013

Polaris Industries Inc. (NYSE: PII) today announced the acquisition of A.M.
Holding S.A.S., which operates under the name Aixam Mega S.A.S., a privately
owned company based in Aix-les-Bains, France which manufactures and sells
enclosed on-road quadricycles and light duty commercial vehicles in Europe.
The acquisition of Aixam Mega significantly strengthens Polaris’ existing
small vehicle portfolio, which includes GEM and Goupil vehicles, and enhances
the profitability and growth potential of Polaris in the EMEA region.

Though it may appear to be an automobile, this Aixam City S, like all Aixam
vehicles, is a four-whee ...

Though it may appear to be an automobile, this Aixam City S, like all Aixam
vehicles, is a four-wheeled, enclosed quadricycle, characterized by its light
weight, low speed and ability to be operated without a full automobile
driver's license in many European countries, where the vehicles are sold.
Medina, Minn.-based Polaris Industries Inc. acquired Aixam Mega S.A.S., makers
of both Aixam and Mega vehicles, earlier this week. The move strengthens
Polaris' existing small vehicle portfolio, which includes Global Electric
Motorcars and Goupil. (Photo Credit: Aixam Mega S.A.S.)

“Aixam Mega is an excellent fit with Polaris and offers a unique opportunity
for us to expand our small vehicle platform and accelerate international
growth,” said Scott Wine, Polaris Chairman and CEO. “We are committed to
positioning Polaris as a global leader in the growing small vehicle market and
this investment reaffirms Polaris’ commitment to building a global business
capable of delivering long-term, profitable growth. Consistent with our
recently announced plan to build a new manufacturing facility in Opole,
Poland, the Aixam Mega business acquisition is indicative of our confidence in
EMEA to be a contributor to Polaris’ pursuit of productivity, innovation and
growth. ”

Aixam Mega designs, manufactures and sells both passenger and light duty
commercial quadricycles under the Aixam and Mega brands. Aixam Mega’s
quadricycles are four-wheeled, on-road enclosed vehicles characterized by
their light weight, low speed and ability, in many countries, to be operated
without a full automobile driver’s license. Founded in 1983, the company has a
history of strong financial performance and profitable growth, achieving
approximately $110 (US) million in sales in 2012 through a distribution
network of more than 400 European dealers. The Aixam brand offers a range of
diesel-fueled and electric passenger quadricycles including sedan, SUV and
sport styles. The Mega brand offers electric and diesel-fueled light duty
commercial vehicles.

“We’re excited about today’s announcement and the opportunity to work with a
leading global company like Polaris,” said Philippe Colançon, Aixam Mega
business unit President. “Joining Polaris provides us with technology,
expertise and resources to make continued investments in our business, while
accelerating profitable growth through new customer opportunities. We look
forward not only to what we can learn from Polaris, but what we can contribute
to Polaris through our expertise and experience.”

Terms of the transaction were not disclosed; however, the transaction will be
funded through the use of Polaris’ cash on hand. The transaction is expected
to be slightly accretive to Polaris’ earnings per share in 2013 after
acquisition costs.

About Polaris

Polaris is a recognized leader in the powersports industry with annual 2012
sales of $3.2 billion. Polaris designs, engineers, manufactures and markets
innovative, high quality off-road vehicles, including all-terrain vehicles
(ATVs) and the Polaris RANGER^® and RZR^® side-by-side vehicles, snowmobiles,
motorcycles and on-road electric/hybrid powered vehicles.

Polaris is among the global sales leaders for both snowmobiles and off-road
vehicles and has established a presence in the heavyweight cruiser and touring
motorcycle market with the Victory and Indian motorcycle brands. Additionally,
Polaris continues to invest in the global on-road small electric/hybrid
powered vehicle industry with Global Electric Motorcars (GEM), Goupil
Industrie SA, and internally developed vehicles. Polaris enhances the riding
experience with a complete line of Polaris and KLIM branded apparel and
Polaris accessories and parts.

Polaris Industries Inc. trades on the New York Stock Exchange under the symbol
“PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.

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

About Aixam

Aixam Mega is a leading manufacturer of European enclosed quadricycles.
Founded in 1983, Aixam Mega manufactures and sells passenger quadricyles under
the Aixam brand and light duty commercial vehicles under the Mega brand. Aixam
Mega has an outstanding distribution network throughout Europe that includes
more than 400 dealer partners. Aixam Mega operates two facilities in France,
located in Aix-les-Bains and Chanas.

More information about Aixam Mega can be found at http://www.aixam.com.

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Contact:

Polaris Industries Inc.
Media Contact:
Marlys Knutson, 763-542-0533
marlys.knutson@polaris.com
Investor Contact:
Richard Edwards, 763-513-3477
richard.edwards@polaris.com