Team,

Our vision is grounded in our legacy, with an open mind to the future and what we can become as we work together toward a common goal. This direction is reflected in the Purpose, Vision, Principles and Values that are shared in the following pages. These, along with this Code of Conduct, guide Winnebago Industries in moving forward in the right direction.

At the core of our vision to be the trusted leader in premium outdoor recreation is the obligation to always conduct ourselves with the highest degree of integrity, trust and respect as well as with an uncompromising commitment to safety, quality and innovation. As part of our Winnebago Industries family, we must always conduct ourselves in this way, and by doing so, we can each do our part to uphold and maintain this vision.

This Code of Conduct is here to provide us with the foundational standards and shared basis for how we interact with all stakeholders. Our Code is also a reminder of who we are and how we do business. We should each understand it fully and always follow it. If you see a violation of the law or our Code, report it, and remember that we strictly prohibit any retaliation against those who make reports in good faith. If you have any questions about our Code, please contact the legal department.

Thank you for being a part of the Winnebago Industries team, and for all the work that you do for the company and the great brands we represent.

Mike Happe

President and Chief Executive Officer