ASV Announces Thomas Foster as Vice President of Operations and Supply Chain

ASV Holdings Inc., (NASDAQ: ASV), a leading provider of rubber-tracked compact track loaders and wheeled skid steer loaders in the compact construction equipment market, today announced the appointment of Thomas Foster to the position of vice president of operations and supply chain.

Thomas joins ASV with over 20 years of progressive experience in the industrial equipment sector and a track record of successful long-term engagements at both the Boeing Company and SAF-Holland, Inc., and most recently, TGW Systems. Foster is a proven operations professional with a focus on workplace safety, manufacturing quality, productivity “lean practice” and supply chain management.

Andrew Rooke, chief executive officer of ASV Holdings, commented, “We are very excited to have Thomas join our leadership team and will rely on his expertise in every aspect of operations management to strengthen our operation and play a significant role in our future growth. We look forward to his contributions and leadership to help drive operational excellence and fulfill our mission to reach the highest level as an industry leader in performance, reliability, quality and customer satisfaction for the ASV product lines.”

Foster holds a Bachelor of Science degree in Industrial Supervision, Engineering, and Manufacturing from Northern Arizona University, and additional certifications and training in Lean Manufacturing, Theory of Constraints, ERP/MRPII applications, and Supply Chain/MRP Integration. He will report directly to Andrew Rooke and will oversee all operating activities from sourcing to production and delivery, and will also have strategic planning and P&L responsibilities.

About ASV
ASV Holdings Inc., a publicly traded company on NASDAQ, designs and manufactures a full line of compact track and skid-steer loaders primarily for the construction, landscaping and forestry markets. Located in Grand Rapids, Minnesota, ASV started in 1983 and was one of the pioneers in the compact track loader industry. ASV builds its compact track loaders using unique and patented Posi-Track undercarriage technology that provides exceptional traction on soft, wet, slippery, rough or hilly terrain. Posi-Track is a registered trademark of ASV Holdings, Inc. For more information: ASV Holdings Inc., 840 Lily Lane, Grand Rapids, MN 55744; call 1-800-

205-9913; fax 218-327-9122; [email protected];

Investor Contacts:

Darrow Associates, Inc. – Peter Seltzberg, 516-419-9915 Managing Director, Investor Relations [email protected]

ASV Holdings, Inc.Andrew Rooke, 218-327-5389 Chief Executive Officer [email protected]

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