Wabash to sell businesses

Wabash National Corp. has agreed to sell substantially all of the assets of Wabash National's trailer leasing and rental and wholesale aftermarket parts distribution businesses to Aurora Trailer Holdings LLC. Wabash National said it expects total consideration from the sale of these assets and the retained assets to be approximately $65-$70 million of which $55 million will be paid in cash upon closing.

Wabash National Corp. has agreed to sell substantially all of the assets of Wabash National's trailer leasing and rental and wholesale aftermarket parts distribution businesses to Aurora Trailer Holdings LLC.

Wabash National said it expects total consideration from the sale of these assets and the retained assets to be approximately $65-$70 million of which $55 million will be paid in cash upon closing.

In connection with the transaction, Wabash and Aurora have entered into long-term arrangements for the supply of parts by Aurora to Wabash's factory-owned branches and the supply of new and used trailers and maintenance services by Wabash to Aurora.

The transaction is expected to close during the third quarter of 2003 and is subject to lender approval, buyer financing and Federal Trade Commission approval.

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