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Dear DRIP Investors,

We have been helping people enroll in DRIPs since 1986. Many of our subscribers have written to express their thanks and describe the outcome of their DRIP investments. It has been a source of pride and our great pleasure to have assisted in your efforts to secure financial security.

However, after 35 years we have decided to stop fulfilling orders for enrollments after the March cycle. Moneypaper, via the directinvesting.com website, will continue to provide information about DRIPs and the enrollment process.

As always, good luck,

Vita Nelson

Spartan Motors Inc. (SPAR)

Available from the Temper Enrollment Service: No

Industry:

Custom Vehicles

Minimum Investment:	$25.00
Maximum Investment:	$10,000/investment
Shares to qualify:	1

Recent Price:	13.51
Investing Fee:	$2.50+10¢/sh.
Fee for Dividends:	2%(to $2.50)+10¢/sh.

Additional Information: Fees Plan Prospectus Transfer Agent Company

! = Company pays fees

Information is based on an annual survey and updated when company changes become available.

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The Moneypaper Publications LLC P.O. BOX 451, Rye, NY 10580

Phone: (800) 388-9993, (914) 925-0022 Fax: (914) 921-9318 9:00 a.m - 5:00 p.m EST

Spartan Motors Inc. (SPAR)

Available from the Temper Enrollment Service: No

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