Subaru of America, Inc. Reports May Sales

- Total Sales Up Three Percent From Same Period Last Year -

CHERRY HILL, N.J., June 3 -- Subaru of America, Inc., the only car company that offers symmetrical all-wheel drive as standard equipment on every vehicle in its product line, today announced May sales of 16,415 units. The total represents a 3 percent increase from May 2002.

"May was another solid month for Subaru, our fourth consecutive month of sales increases over last year," said Fred Adcock, Subaru Executive Vice President. "We are very pleased with the retail sales result, which demonstrates that consumers continue to recognize the clear advantage Subaru offers in the market with its 100 percent commitment to symmetrical all-wheel drive and the inherent benefits of its horizontally-opposed `boxer' engines. The value of the Subaru brand resonates even in this difficult selling environment, and we are very proud of the performance and dedication of our retailers."

The Legacy model line achieved a sales total of 7,190 units. The Subaru Outback recorded sales of 4,977 units for the month, while Subaru Forester recorded 4,887 units, a 3 percent increase from May 2002. The Impreza line recorded sales of 3,459 units for May, and the Baja model posted 879 units for the month.

For additional information about Subaru of America, Inc. and Subaru vehicles, visit our media website at www.media.subaru.com.

About Subaru of America, Inc.

Subaru of America, Inc. is a wholly-owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered near Philadelphia, the company markets and distributes all-wheel drive Subaru vehicles, parts and accessories through a network of nearly 600 dealers across the United States. Subaru is the only car company that offers symmetrical all-wheel drive as standard equipment on every vehicle in its product line. Subaru has been the best- selling import wagon in America for the past 20 years, based on R.L. Polk & Company new vehicle retail registration statistics calendar year-end 2002.