FIM Chief Executive Officer Guy Maitre announced today the appointment of Ignacio Verneda for the position of Sports Director, within the Executive Secretariat. Of Spanish nationality, born in 1953, Ignacio Verneda has an extensive knowledge of the motorcycle world thanks to the posts he has occupied successively in the FIM as well as in the Spanish Federation (RFME) where he has been Technical Director for the last 12 years, a job from which he resigned last December. Ignacio Verneda will assume the responsibility of heading the Sports Coordinators as well as coordinating all activities in relation to the protagonists of our sport, namely the Sporting Commissions, FMNs, riders, teams, promoters, industry and press. Ignacio Verneda said: “I am very proud of this appointment which is a new professional challenge for me, and I hope to be able to match the confidence the FIM is putting in me”. Whilst keeping a residence in Barcelona, Ignacio Verneda will live in Switzerland and will be working at the FIM Headquarters in Mies where he will take up his duties on 1st February. He shall maintain his function as President of the Trial Commission. Guy Maitre said: “I am convinced that Ignacio Verneda’s vast experience as well as his human and professional qualities will be very useful to the FIM. He is particularly qualified to help me and discharge me of various tasks within the Executive Secretariat”. Moreover, in order to replace the Financial Director Jean-Pierre Moser, who is leaving his position after 10 years of good and loyal service in order to take over the post of Director of the World Anti-Doping Agency’s European Office for International Federations, Guy Maitre appointed as of February 1st Mrs Lucile Ackaouy for the position of Finance and Accounting Manager and Mrs Françoise Vialle for the position of Financial Administration Manager. Mrs Ackaouy and Vialle were occupying until now the functions of Chief Accountant and Assistant to the Financial Director respectively. Guy Maitre said: “At the moment when the FIM has decided to open more widely its activities to women, I am particularly satisfied by these two internal promotions in order to match the challenge of taking over the functions left by the resignation of Jean-Pierre Moser.”

Valencia victorious in IRTA ‘Best Grand Prix’ Trophy 2005. Gran Premio De La Comunitat Valeciana, held at the Ricardo Tormo Circuit on the outskirts of the city of Valencia, has won the coveted IRTA Trophy as ‘Best Grand Prix’ 2005. The success is particularly sweet for the event organisers as Valencia regained the Trophy that they won in both 2002 and 2003. Competition for the Trophy is intense and Valencia narrowly edged out Malaysia and the Czech Republic in a very close poll. The same three grands prix topped the poll in 2004 with Valencia finishing second. The IRTA Trophy is awarded based upon a point scoring system that covers every aspect of the running of a grand prix. Rider’s safety, trackside official’s measures and medical facilities are of paramount in motorsport and Valencia excels in all departments. Medical facilities, under the guidance of Enrique Gastaldi, are second to none. Valencia is, without doubt, one of the safest circuits on the 17-round grand prix calendar. The race organisation has an enviable reputation for cooperation with IRTA and is ever ready to find solutions to the problems encountered by the teams and riders. The pit box facilities equal those provided at the latest state of the art circuits and paddock accommodation is more than adequate. Circuit General Director Eduardo Nogues has worked tirelessly to ensure and consolidate the growth and influence of the circuit and the organisational team he has built around him has much to be proud of. Each year the circuit management and associated on-event staff have improved their performance to the extent the grand prix has won three IRTA Trophies in the last four years. Circuit Ricardo Tormo is unique in many ways. Set in a natural bowl amphitheatre that seats 60,000 race fans each one able to see the entire 4.005 km circuit. Featuring nine left and five right hand corners crammed into the 4.005 km lap, with a start – finish straight measuring just 876mts competitors have precious little time to relax. The shape of the circuit, fanatical race fans and close racing combine to generate an almost gladiatorial atmosphere that inspires the competitors. IRTA President Sito Pons was lavish in his praise of Valencia. He said; “I was very happy to learn that Valencia has regained the IRTA Trophy as ‘Best Grand Prix’ of 2005. Not because I am Spanish I wish to add, although that gives me additional pleasure. No, I am happy because it shows the commitment and dedication that the Valencia organisation displayed in their efforts to be the best grand prix. Competition for the IRTA Trophy is intense and grands prix such as Valencia, Malaysia, the Czech Republic and Mugello have set very high standards and I am happy to say these circuits have inspired others to improve the quality of their performances. For Valencia to win the trophy three times in four seasons is an excellent performance and everybody at IRTA joins me in thanking all those involved with the event for the friendly, cooperative, and above all professional manner in which they operate.” “The race is the final event of a very arduous 17-race season and everybody is tired when they arrive at Valencia following a series of fly-away races. But Valencia is a very special grand prix. Superb organisation apart the circuit layout virtually guarantees close racing and the incredible atmosphere generated by the spectators is unique in grand prix racing. Once again I congratulate all concerned with the race.” Concluded the IRTA President. In regaining the prestigious ‘Best Grand Prix’ trophy General Director Eduardo Nogues and his team have shown they are not about to rest on their laurels and the IRTA teams and riders have every confidence they will give their all and continue to improve. Malaysia, The Czech Republic and the Italian GP at Mugello will do the utmost to regain the coveted trophy in 2006 ensuring a safe racing environment for the riders. With several new circuits making their grand prix debuts over the last few seasons’ circuit standards worldwide have improved beyond expectations of ten years ago. Valencia, together Malaysia and The Czech Republic, have shown their dedication to ongoing improvement and IRTA are proud to acknowledge their magnificent achievements. IRTA Trophy Roll of Honour 1984 Silverstone / GB 1985 Hockenheim / Germany 1986 Nurburgring / Germany 1987 Assen / Netherlands 1988 Suzuka / Japan 1989 Donington Park / GB 1990 Jerez / Spain 1991 Donington Park / GB 1992 Catalunya / Spain 1993 Eastern Creek / Australia 1994 Eastern Creek / Australia 1995 Mugello / Italy 1996 Mugello / Italy 1997 Mugello / Italy 1998 Phillip Island / Australia 1999 Brno / Czech Republic 2000 Mugello / Italy 2001 Catalunya / Spain 2002 Valencia / Spain 2003 Valencia / Spain 2004 Brno / Czech Republic 2005 Valencia / Spain

SOUTH FLORIDA KICKS OFF 2006 RIDE FOR KIDS® SEASON Hundreds of generous motorcyclists turned in more than $66,000 in donations at the second annual South Florida Ride for Kids® yesterday, bringing hope to childhood brain tumor patients everywhere. The event kicked off the 23rd year of the national Ride for Kids® program, which benefits the medical research and family support programs of the Pediatric Brain Tumor Foundation (PBTF). Led by several young brain tumor survivors in sidecars, the long column of motorcycles left Sawgrass Mills in Sunrise on a breezy, humid day with light rain. The police-escorted ride toured the Broward County countryside on its way to Vista View Park in Davie, which features beautiful lakes and views of the Everglades. A unique feature of the Ride for Kids® program is the Celebration of Life at the conclusion of each ride. As motorcyclists, fundraisers, patient families and volunteers enjoy a light lunch at the endpoint, they hear directly from local pediatric brain tumor survivors. These young “stars” tell their stories and offer thanks to all those who bring donations. At the South Florida event, five survivors shared the stage: Kate, 2; Travis, 11; Nathan, 15; Kaley, 17, and Nicole, 16. Kaley’s dad, Maurice, thanked the crowd of 700 for being there. “God doesn’t always give you the big miracle when you ask for it,” he said. “What he does is bring people into your life to help. You are those people!” The total raised at the South Florida event was $66,676. Top individual fundraiser honors went to Rick and Rita Case, who brought $5,300. The top club, HRCA Florida Sports Red Riders of Stuart, Fla., contributed $16,187, while the customers of Florida Sports Cycles of Stuart made it the top dealership with $16,567 in donations. The grand prize, a brand-new Honda motorcycle, went to Barney Salzberg of Okeechobee, Fla. Special thanks went to South Florida’s hardworking volunteer task force and event volunteers, led by Rhonda and David Friedenberg, Linda Kralik and Monica Tobon. It was an amazing effort from a community that has been literally torn apart by hurricanes in recent months. Since 1984, the national Ride for Kids® program and PBTF have promoted childhood brain tumor research and provided family support through free literature about brain tumors, educational newsletters, online conferences and college scholarships. With the help of America’s motorcyclists and motorcycle dealers, PBTF has become the world’s largest nongovernmental source of funding for pediatric brain tumor research. The next Ride for Kids® events are Sunday, April 23 in Albuquerque, N.M. (a new ride for 2006) and Sunday, April 30 in Houston. For more information about the Ride for Kids® and the PBTF, go to rideforkids.org or call (800) 253-6530.

FIRST PERSON/OPINION: Via e-mail: My 2005 Suzuki GSX-R 600 was stolen from Charleston, South Carolina some time early Thursday (January 19) morning. It is black and silver with a North Carolina license plate. Vin # is JS1GN7CA852106537. Any one with information is asked to contact Tony LaRocca at 843-597-2957 or [email protected]. This was to be my ride to compete in the Daytona 200 in March, and I am now left to scramble for a ride. Any help would be appreciated!! Thank you.

HARLEY-DAVIDSON ANNOUNCES 20th RECORD YEAR Revenue, Earnings and Retail Motorcycle Sales reach all time highs Select financial data reported in the text of this press release is presented on the basis described in the Stock Option Accounting section below. Milwaukee, Wis., Harley-Davidson, Inc. (NYSE: HDI) today announced record revenue and earnings for its fourth quarter and year ended December 31, 2005. Revenue for the quarter was $1.34 billion compared with $1.22 billion in the year-ago quarter, a 9.9 percent increase. Net income for the quarter was $230.0 million compared to $209.0 million, an increase of 10.1 percent over 2004. Fourth quarter diluted earnings per share (EPS) were 84 cents, an 18.3 percent increase compared with last year’s 71 cents. Revenue for the full year was $5.34 billion, compared with $5.02 billion in 2004, a 6.5 percent increase. Net income for the year was $959.6 million, a 7.8 percent increase versus last year’s $889.8 million, while diluted EPS for the full year were $3.41, a 13.7 percent increase compared with $3.00 in 2004. “Today Harley-Davidson is celebrating an exciting milestone of twenty consecutive years of record revenue, earnings and retail motorcycle sales,” said Jim Ziemer, Chief Executive Officer. “As we reflect on our performance in 2005, we had many accomplishments. We shipped 329,000 motorcycles, which is a 3.7 percent increase over the previous year. Worldwide retail sales of Harley-Davidson® motorcycles increased 6.2 percent during 2005. Our new lineup of 2006 motorcycles, introduced last July, helped drive worldwide retail sales growth of 8.3 percent in the second half of the year. During 2005, our international motorcycle sales grew significantly and motorcycle sales to women continued to increase, demonstrating that our strategies in these areas are beginning to take hold,” said Ziemer. “We believe the prospects for retail growth remain strong and support a wholesale unit growth rate in the range of 5 to 9 percent annually and an annual EPS growth rate of 11 to 17 percent,” said Ziemer. “Our Harley-Davidson motorcycle shipment target for 2006 remains in the range of 348,000 to 352,000 units, with planned wholesale shipments of 79,000 motorcycles during the first quarter,” he said. Motorcycles and Related Products Segment Fourth Quarter Results Revenue from Harley-DavidsonÃ’ motorcycles was $1.09 billion, an increase of $95.7 million, or 9.6 percent over the same period last year. Shipments of Harley-Davidson motorcycles totaled 87,588 units, an increase of 7,001 units, or 8.7 percent over last year’s fourth quarter. Revenue from Parts and Accessories (P&A), which consists of Genuine Motor Parts and Genuine Motor Accessories, totaled $169.9 million, an increase of $12.0 million, or 7.6 percent over the year-ago quarter. Revenue from General Merchandise, which consists of MotorClothesä apparel and collectibles, totaled $60.5 million, an increase of $5.6 million, or 10.2 percent. Growth rates for P & A and General Merchandise fluctuate from quarter to quarter. However, for the long term, the Company expects the growth rate for P & A revenue to be slightly higher than Harley-Davidson’s motorcycle unit growth rate, and the General Merchandise growth rate is expected to be lower than the motorcycle unit growth rate. Gross margin for the fourth quarter of 2005 was 38.3 percent of revenue, up from 37.8 percent for the same period in 2004. Consistent with the higher gross margin, operating margin increased from 23.0 percent in 2004 to 23.4 percent in 2005. Motorcycle Retail Sales Data Worldwide retail sales of Harley-Davidson motorcycles increased 3.0 percent for the fourth quarter of 2005 compared to the same period in 2004. For the full year, worldwide retail sales increased 6.2 percent compared to 2004. U. S. retail sales of Harley-Davidson motorcycles increased 0.7 percent in the fourth quarter and 4.2 percent for the full year. For the second six months of the year, U.S. retail sales grew 7.3 percent compared to 1.9 percent for the first six months of 2005. “We are pleased with retail sales growth in the U.S. market during the second half of the year. The extensive enhancements made to existing models, along with several brand new motorcycles for the 2006 model year, are certainly generating excitement,” said Ziemer. Internationally, retail sales of Harley-Davidson motorcycles grew 13.0 percent in the fourth quarter and 15.0 percent for the full year compared with 2004. Total retail sales for 2005 increased in all of the Company’s major international markets. Data is listed in the accompanying tables. Financial Services Segment Harley-Davidson Financial Services (HDFS) reported fourth quarter operating income of $39.5 million, up 0.7 percent compared to the year-ago quarter. A fourth quarter securitization of $325 million in motorcycle retail loans resulted in a gain of $4.2 million. The 1.3 percent gain on the securitization as a percentage of loans sold is consistent with management’s prior guidance of 1.0 to 1.4 percent. Gains in the first quarter of 2006 are also expected to continue in that range. Given the relatively small percentage of HDI operating income that is generated by securitization gains, the Company is not providing guidance for periods beyond the first quarter of 2006. Income related to securitizations will continue to be reported in the Company’s annual report and SEC filings. For the long term, HDFS expects operating income to be slightly higher than the Company’s wholesale unit shipment growth rate. Harley-Davidson, Inc. Twelve Month Results For the fiscal year ended 2005, total Harley-Davidson motorcycle shipments were 329,017 units compared with 317,289 units in 2004, a 3.7 percent increase. Harley-Davidson motorcycle revenue was $4.18 billion, an increase of $255.3 million, or 6.5 percent. P&A revenue totaled $815.7 million, a $34.1 million, or a 4.4 percent increase, while General Merchandise revenue totaled $247.9 million, a $24.1 million or a 10.8 percent increase, compared with 2004. Full year operating income for HDFS was $191.6 million, an increase of $3.0 million or 1.6 percent compared to 2004. Cash Flow Twelve Month Results As of December 31, 2005, cash and marketable securities were $1.05 billion, down from $1.61 billion at December 31, 2004. During the year the Company invested $198.4 million in capital expenditures, repurchased 21.4 million shares of Company stock for $1.05 billion, paid $173.8 million in dividends and contributed $296.8 million to its retirement plans. Stock Option Accounting On January 1, 2005, the Company began recognizing expense related to its employee stock option awards before the required implementation date of the Financial Accounting Standards Board (FASB) Statement of Financial Accounting Standards (SFAS) No. 123 as revised in 2004. The Company accounted for these stock options as equity instruments. However, SFAS No. 123 (revised 2004) requires that stock options that may be settled for cash instead of stock at the election of the holder upon the occurrence of a change in control event be accounted for as a liability regardless of the probability of the change in control event occurring. The Company recently became aware of the applicability of the contingent cash settlement feature of SFAS No. 123 (revised 2004) to its employee stock compensation plans. Had the Company used the liability method to account for stock option awards during 2005, operating income would have increased by $37.8 million. Accordingly, income before accounting changes net of tax would have been $983.0 million for the year, an increase of $23.4 million compared to the Company’s reported amount of $959.6 million. In addition, on the January 1, 2005 adoption date of this accounting method, the Company would have recorded a cumulative charge to income of $120.9 million or $74.8 million net of tax for its adoption of the liability method. On January 11, 2006, FASB voted to seek public comment on a proposed FASB Staff Position (FSP) to require companies to classify employee stock options with contingent cash settlement features as equity awards provided the contingent event, such as a change in control event, is not considered probable of occurring. This classification would be consistent with the amounts reported with respect to outstanding stock options in connection with the Company’s original adoption of SFAS No. 123 (revised 2004) on January 1, 2005, and in subsequent interim periods. The Company believes that the proposed FSP is a strong indication that classification of its stock option awards as equity instruments will be appropriate upon finalization of the FSP. As a result, all financial data reported in this press release is presented on a U.S. GAAP basis adjusted for the anticipated ratification of the proposed FSP. In the event the FSP is not finalized as expected, the Company will reflect such effects on the year and the quarters in its annual report and 10-K filing for the year ended December 31, 2005. Company Background 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. 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 motorcycles. Harley-Davidson Financial Services provides wholesale and retail financing and insurance programs to Harley-Davidson dealers and their retail customers. Forward-Looking Statements The Company intends that certain matters discussed in this release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company “believes,” “anticipates,” “expects,” “plans,” or “estimates” or words of similar meaning. Similarly, statements that describe future plans, objectives, outlooks, targets, guidance or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated as of the date of this release. Certain of such risks and uncertainties are described below. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this release are only made as of the date of this release, and the Company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. The Company’s ability to meet the targets and expectations noted depends upon, among other factors, the Company’s ability to (i) continue to realize production efficiencies at its production facilities and effectively manage operating costs including materials, labor and overhead, (ii) successfully manage production capacity and production changes, (iii) avoid unexpected supply chain issues, (iv) provide products, services and experiences that are successful in the marketplace, (v) develop and implement sales and marketing plans that retain existing customers and attract new customers in an increasingly competitive marketplace, (vi) sell all of its motorcycles and related products and services to its independent dealers and distributors, (vii) continue to develop the capacity of its distributor and dealer network, (viii) avoid unexpected changes and prepare for known requirements in legislative and regulatory environments for its products and operations, (ix) successfully adjust to fluctuations in foreign currency exchange rates, interest rates and commodity prices, (x) adjust to worldwide economic and political conditions, including changes in fuel prices and interest rates, (xi) successfully manage the credit quality and recovery rates of HDFS’s loan portfolio, (xii) retain and attract talented employees and (xiii) detect any defects in our motorcycles to minimize delays in new model launches, recall campaigns, increased warranty costs or litigation. In addition, the Company could experience delays in the operation of manufacturing facilities as a result of work stoppages, natural causes, terrorism or other factors. The Company’s ability to sell all of its motorcycles and related products and services also depends on the ability of the Company’s independent dealer network to sell them to retail customers. The Company depends on the capability of its independent dealers and distributors to develop and implement effective retail sales plans to create demand for the motorcycles and related products and services they purchase from the Company. In addition, the Company’s independent dealers and distributors may experience difficulties in selling Harley-Davidson motorcycles and related products and services as a result of weather, economic conditions or other factors. Risk factors are also disclosed in documents previously filed by the Company with the Securities and Exchange Commission.

Last minute 2006 season Sidi rider signings. The 2006 season as already upon us and Sidi has found itself in a great position to make some last minute rider agreements. Recently the following riders have signed agreements to wear Sidi boots in 2006 and beyond: * Factory Suzuki Moto GP rider, Chris Vermeulen, has finally ended up where he has wanted to be for a while now, in the Sidi Vertigo Corsa boot! * Factory KTM Supermoto rider, Ben Carlson, has resigned with Sidi and will wear the new Crossfire boot while he chases down the 2006 AMA Unlimited class championship. * Yamaha off-road support rider Nate Kanney just today agreed to wear the new Sidi Crossfire boot in his quest for GNCC glory. * All that plus a few more high profile signings are still possible…stay tuned!

In response to our street racing intervention efforts, Team Sheriff Racing has received an overwhelming number of inquiries from teens and young adults expressing their desire to become more involved in the program. Most of these individuals are former street racers who have changed their ways and made a commitment to race in a safe and legal manner, by taking their machines to the track. These reformed street racers have expressed a deep desire to share with others their experiences and help educate them about the dangers of illegal street racing. As a result, Team Sheriff Racing is very pleased to announce the creation of the Team Sheriff Racing Posse. Until now, Team Sheriff Racing members have all been Los Angeles Deputy Sheriffs. But now, following the time honored traditions of the “Sheriff and his posse”, the Team Sheriff Racing Posse will be comprised of volunteers; those reformed street racers who have changed their ways, made the commitment to race the safe and legal way, and have the desire to assist us in our mission of street racing intervention by helping to educate others. “Over the years, we’ve had many inquiries by racers and individuals who have wanted to help. With the creation of the Motorcycle Division and our increased street racing intervention efforts, we’ve had the number of these inquiries increase. Until now, Team Sheriff Racing has been solely comprised of Los Angeles Deputy Sheriffs.”, said Team Captain Deputy Bill Chaffin. “But after we did a lot of brainstorming, Mike came up with the idea of the Posse.” “Throughout history, the Sheriff has always had a Posse that was made up of civilian members of the community that assisted the Sheriff at his will, so it naturally seemed like a good fit to follow suit.” Said Deputy Mike Churney, Director of the team’s Motorcycle Division, “This will allow those individuals that want to get involved to help us, give them a positive direction in which to focus their energies, while also giving them the recognition they deserve for doing the right thing.” Because Team Sheriff Racing (TSR) Posse members will serve as ambassadors of the team, as well as role models for others, Posse members will be required to commit themselves to obeying all laws, team regulations and rules of conduct, and conduct themselves in a manner which upholds the finest traditions of the team in order to maintain their membership in good standing. All posse members will be required to hold and maintain a valid racing license with a sanctioned racing body. Additionally, those members 18 years old and younger will be required to have parental consent and maintain a minimum scholastic GPA of 3.0. The TSR Posse is open to anyone, with a minimum age of 16. Applicants will undergo an application and screening process. For more information on becoming a member of the TSR Posse, or to become a sponsor of the Posse, log on to www.sheriffsracing.com or email Deputy Mike Churney at [email protected].