Expands Work & Transportation Business with Leading Manufacturer of Industrial Vehicles

MINNEAPOLIS (March 7, 2016) — Polaris Industries Inc. (NYSE: PII) today announced the acquisition of Taylor-Dunn, a leading provider of industrial vehicles, serving a broad range of commercial, manufacturing, warehouse and ground-support customers. Taylor-Dunn, a privately owned company based in Anaheim, Calif., will join GEM®, Goupil®, Mega™, and Aixam™, as well as Polaris Commercial Off road Vehicle (ORV) Sales, in Polaris' Work & Transportation division, part of Polaris' Global Adjacent Markets business.

"While Polaris is best known for our leadership in powersports, adjacent markets are an important aspect of our growth strategy, and industrial vehicles are a natural extension for us," said Dan Chumbler, General Manager, Work and Transportation, Polaris. "Taylor-Dunn has a deep understanding of industrial customers, and they've earned a stellar reputation over the last 60+ years of providing application-specific solutions that are reliable, efficient, and economical. With Taylor-Dunn joining our portfolio, we look forward to offering an expanded product portfolio and enhanced commercial sales and service to a larger customer base."

Taylor-Dunn will become a wholly owned subsidiary of Polaris. It will continue to be a distinct brand and operate from its current headquarters and manufacturing facilities in Anaheim.

"I am proud to have had the opportunity to lead Taylor-Dunn for twenty-five years," said Jim Goodwin, Chairman, Taylor-Dunn. "I believe that Polaris is the right company at the right time to drive continued success at Taylor-Dunn. Polaris brings strong capabilities in innovation and continuous improvement, as well as access to larger-volume resources. I am confident this combination will bring new opportunities not only for Taylor-Dunn, but also for the company's dealer network and its community of end users."

About Taylor-Dunn
Founded in 1949, Taylor-Dunn is a leading manufacturer of commercial and industrial vehicles. For over sixty years, Taylor-Dunn's burden carriers, personnel carriers, stockchasers, electric carts, and tow tractors have been the dominant solution for customers in a broad range of industrial, commercial, and ground-support markets. Taylor-Dunn's guiding principle is to provide application-specific solutions that are tough, rugged, and dependable. www.taylor-dunn.com

About Polaris
Polaris is a recognized leader in the powersports industry with annual 2014 sales of $4.5 billion.

Polaris designs, engineers, manufactures and markets innovative, high quality off-road consumer and military 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® and Slingshot® brands. Additionally, Polaris continues to invest in the global Work and Transportation vehicle industry with Global Electric Motorcars (GEM), Goupil Industrie SA, Aixam Mega S.A.S., and internally developed vehicles. Polaris enhances the riding experience with a complete line of Polaris Engineered Parts, Accessories and Apparel, Klim branded apparel and ORV accessories under the Kolpin®, Cycle Country® and Pro Armor® brands.

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 authorised Polaris dealers or anytime at www.polarisindustries.com.au and www.polaris.co.nz