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Cabelas Incorporated
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Sidney, Nebraska--Cabela's Incorporated (NYSE: CAB), the World's Foremost Outfitter® of hunting, fishing and outdoor gear, announced today that Lynn P. Ferguson has resigned his position as Senior Vice President of Retail Strategy and Real Estate Development for family and personal reasons. Dennis Highby, Cabela's President and Chief Executive Officer, will assume responsibility for retail strategy and real estate development until a replacement for Ferguson is named.

'Lynn decided he needed to stay closer to California for family reasons,' Highby said. 'On behalf of the Company, I would like to wish him well in his future endeavors.'

About Cabela's Incorporated

Cabela's Incorporated, headquartered in Sidney, Nebraska, is the world's largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise. Since the Company's founding in 1961, Cabela's® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World's Foremost Outfitter®. Through Cabela's well-established direct business and its growing number of destination retail stores, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela's also issues the Cabela's CLUB® Visa credit card, which serves as its primary customer loyalty rewards program.

Media Contact:

Chris Gay (308) 255-2905 (Investors)<br />
Joe Arterburn (308) 255-1204 MEDIA

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