Monaco Coach Sells Assets to Navistar

Monaco Coach Corporation is selling its RV manufacturing assets to a unit of Navistar Inc.
for an estimated $52 million. The closing of the proposed transaction is scheduled to occur
no later than June 1, 2009. Navistar will acquire all brands, intellectual property,
inventories and equipment relating to Monaco’s motorized and towable RV segments. The
Motorhome Resorts segment of Monaco is excluded from this transaction as well as the
Roadmaster Cargo Trailer business and several industrial properties. Monaco will continue
to work with other interested parties regarding the acquisition of its Motorhome Resorts
segment and other assets held for sale.