The following analysts follow Spartan Motors, Inc. The outlooks and views presented by the analyst are solely those of the analyst, and not endorsed by the management of Spartan Motors.

Mr. Walter Liptak
Barrington Research Associates
161 North Clark Street
Suite 2950
Chicago, IL 60601-3270
Tel: (312) 634-6371
wliptak@brai.com 

Joe Maxa
Dougherty & Company LLC
90 South Seventh Street
Suite 4300
Minneapolis, MN 55402-4108
Tel: (612) 376-4156
jmaxa@doughertymarkets.com 

Robert Kosowsky
Sidoti & Company, LLC
317 Madison Avenue
New York, NY 10017
Tel: (212) 894-3334
rkosowsky@sidoti.com 

Rhem Wood
BB&T Capital Markets
Transportation Equity Research
901 East Byrd St.
Suite 310
Richmond, VA 23219
Tel: (804) 782-8784
rwood@bbandtcm.com