Polaris Introduces ‘T.R.A.I.L.S.’ Grant Program
Grants Available to U.S. National, State & Local ATV Organizations

MINNEAPOLIS, January 19, 2006 – Polaris Industries is proud to announce the launch of the ‘T.R.A.I.L.S.’ grant program for ATV clubs, associations and grassroots groups. The program makes funds available to national, state and local organizations in the United States to ensure the future of ATV riding.

T.R.A.I.L.S. stands for:

T = Trail Development
R = Responsible Riding
A = Access
I = Initiatives
L = Lobbying
S = Safety

The grant program encompasses two main objectives – promoting safe and responsible riding, and preserving access. Funds can be used by organizations for trail development and maintenance projects, safety and education initiatives, lobbying and other projects to increase or maintain land access.

“Polaris is committed to promoting safe and responsible recreational riding,” said Bennett Morgan, president and chief operating officer of Polaris. “We see the issue of trails and land access as the lifeblood of our ATV business and the ‘T.R.A.I.L.S.’ grant program is one measure to ensure people always will have a place to ride.”

Grant applications will be reviewed three times per year -- in April, August and November, with corresponding submission deadlines of March 1, July 1 and October 1. Organizations may apply for two grants per year and all organizations must be 501c3 non-profit organizations. Funding for any project from other sources is an important criteria in order to be considered for a T.R.A.I.L.S. grant.

For more information on the ‘T.R.A.I.L.S.’ grant program and an application form, visit the Polaris Web site at www.polarisindustries.com and click on “Our Company” and “News”.

About Polaris
With annual 2004 sales of $1.8 billion, Polaris designs, engineers, manufactures and markets snowmobiles, all-terrain vehicles (ATVs), Victory motorcycles and the Polaris RANGER for recreational and utility use.

Polaris is a leader in the snowmobile industry; and one of the largest manufacturers of ATVs in the world. Victory motorcycles, established in 1998 and representing the first all-new American-made motorcycle from a major company in nearly 60 years, are rapidly making impressive in-roads into the motorcycle cruiser marketplace. 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 and Pacific 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 is available from authorized Polaris dealers or anytime from the Polaris homepage at www.polarisindustries.com.