FTHR Featherlite

Jeffery A. Mason has announced his intention to retire as chief financial officer of Featherlite, Inc. on December 31, 2006. Mason, 64, has been CFO of Featherlite, Inc. (Nasdaq:FTHR) since August 1989 and a director of the Company since June 1993. The announcement was made at the Featherlite board meeting on May 10, 2005. "We greatly appreciate Jeff Mason's 16 years of dedicated service," said Conrad Clement, Featherlite President and CEO. "His financial leadership at Featherlite has been exceptional. We are grateful that Jeff has given us a year-and-a-half to find his successor, which will help assure an optimum transition." In connection with Mr. Mason's upcoming retirement, he intends to exercise substantially all stock options he currently owns, which represent the right to purchase approximately 228,000 shares of common stock, and, subject to a minimum sales price condition, to sell such shares over approximately the next 19 months in accordance with a trading plan he has entered into in accordance with Securities and Exchange Act Rule 10b5-1. Rule 10b5-1 enables corporate officers and directors to adopt pre-arranged stock trading plans at a time when they do not have material, non-public information. Among other alternatives, the rule allows individuals adopting such plans to sell shares over a specified period of time or at a specific price in the future, regardless of any subsequent material non-public information they may receive. Featherlite (www.fthr.com) is a leader in designing, manufacturing and marketing high quality aluminum specialty trailers, transporters and luxury motorcoaches.