Harley-Davidson, Inc. Announces Dividend

Milwaukee, Wis., December 5, 2001 -- Harley-Davidson, Inc. (NYSE: HDI) announced today that its Board of Directors approved a quarterly cash dividend of 3 cents per share, payable December 28, 2001 to shareholders of record December 17, 2001. The Company currently has approximately 302.8 million shares of common stock outstanding.

Harley-Davidson, Inc. is the parent company for the group of companies doing business as Harley-Davidson Motor Company, Buell Motorcycle Company and Harley-Davidson Financial Services, Inc. Harley-Davidson Motor Company, the only major U.S.-based motorcycle manufacturer, produces heavyweight motorcycles and offers a complete line of motorcycle parts, accessories, apparel, and general merchandise. Buell Motorcycle Company produces sport and sport-touring motorcycles. Harley-Davidson Financial Services, Inc. provides selected financial services to Harley-Davidson dealers and customers.