Honda Motor Company's Motorcycle Division Announces 6.9 million Racing Contingencies

February 21, 2003

For Immediate Release


American Honda Motor Company's Motorcycle Division announces 6.9 million in
                           racing contingencies


Torrance, CA ? American Honda Motor Co., announces its racing contingency
program for 2003. The 2003 contingency program will post more than 6.9
million dollars at over 600 events across the country and will include Road
Racing, Supercross, Motocross and Dirt Track series.

With the addition of the new CBR600RR to the line, this year's program is
expanded to cover Road Racing events in 12 series nation wide. The
Motocross and Supercross program have grown to include Dirt Track.

"It's the most aggressive program we've ever had " said Ray Blank, Vice
President of American Honda, "with pay outs at over 600 events nationwide,
it makes more sense than ever to race a Honda."

Payouts will be credited to the Red Rider Rewards card ? the industry's
only contingency debit card. Racers can use the Red Rider Rewards card
anywhere Visa is accepted.

For complete details on events included, eligibility and payout schedules
please go to www.hondaredriders.com.


About Honda

American Honda Motor Co., Inc. is the sole distributor of Honda
motorcycles, scooters, ATVs and personal watercraft in the U.S. American
Honda's Motorcycle Division conducts the sales, marketing, and operational
activities for these products through Honda authorized dealers. For further
information about Honda products, racing teams, programs, and dealer
locations, visit the Honda web site at: www.honda.com.