AMERCO Appoints Michael L. Gallagher to its Board of Directors

April 10, 2007 Download

Reno, Nev, April 10, 2007 -- AMERCO (Nasdaq: UHAL) today announced that Michael Gallagher co-founding partner of Gallagher & Kennedy, P.A., a Phoenix-based business law firm, has joined its Board of Directors. Gallagher replaces William “Hap” Carty, who retired from the Board.

"Mr. Gallagher brings an incredible wealth of experience to the Board," stated E.J. “Joe” Shoen, chairman of AMERCO. “We believe that Mike’s insights and experience will be valuable in helping guide AMERCO in the years ahead.”

Mr. Gallagher most recently served as an AMERCO Board advisory member. He is an active civic leader who has been honored by the Governor of Arizona and the Mayor of Phoenix for heading up efforts to successfully attract both a National Football League franchise and a Major League Baseball Team to Arizona. He serves as a Trustee of the Peter Kiewit Foundation and is a Director of Pinnacle West Capital Corporation, Arizona Public Service Company and the Omaha World-Herald Newspaper. Mr. Gallagher is a fellow in the International Academy of Trial Lawyers.

“I am proud to be associated with U-Haul. The Company is a household name because for over 60 years it has provided terrific services at a fair price. I look forward to being a part of that tradition,” stated Gallagher.

AMERCO is the parent company of U-Haul International, Inc., North America’s largest do-it-yourself moving and storage operator, AMERCO Real Estate Company, Republic Western Insurance Company and Oxford Life Insurance Company. With a network of over 15,400 locations in all 50 United States and 10 Canadian provinces, the Company has the largest consumer truck-rental fleet in the world, with over 93,000 trucks, 80,675 trailers and 33,500 towing devices. U-Haul has also been a leader in the storage industry since 1974, with more than 380,000 rooms and more than 33.5 million square feet of storage space at more than 1,050 owned and managed facilities throughout North America.

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Certain of the statements made in this press release regarding our business constitute forward-looking statements as contemplated under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated as a result of various risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except as required by law. For a brief discussion of the risks and uncertainties that may affect AMERCO’s business and future operating results, please refer to Form 10-Q for the quarter ended December 31, 2006, which has been filed with the SEC.