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H-D Declares Dividend

Harley-Davidson, Inc. Declares dividend; Elects Green to Board.
December 14, 2004

Milwaukee, WI - Harley-Davidson, Inc. announced the election of Director Judson C. Green to the Company’s Nominating and Corporate Governance Committee and to the Audit Committee, effective today. Green is President and Chief Executive Officer of NAVTEQ Corporation (NYSE:NVT).

The Company also announced today that the Board of Directors approved a quarterly dividend of 12.5 cents per share, payable December 29, 2004 to shareholders of record as of December 17, 2004. This represents a 25 percent increase over the prior dividend paid Sept. 29, 2004.

“For the second time in 2004 Harley-Davidson has increased the quarterly dividend 25 percent, reflecting our confidence in the Company’s future,” said Jeffrey L. Bleustein, chairman and chief executive officer of Harley-Davidson, Inc.

Harley-Davidson currently has approximately 294 million shares of common stock outstanding.



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