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Subaru Reports January 2004 Sales

Total Sales Up; Forester Records Best Ever January

CHERRY HILL, N.J., Feb. 3 -- Subaru of America, Inc., the only car company that features Symmetrical All-Wheel Drive as standard equipment on every vehicle in its product line, today reported January sales of 12,984 units. This total represents a one percent increase from January 2003. Forester also recorded its best ever January with sales up 11 percent from last year.

Subaru Baja recorded sales of 629 units for the month. The Legacy model line posted a slight increase with 5,761 units, while the Subaru Outback recorded sales of 4,363 units for the month. The Impreza line recorded 2,283 units, while Forester posted sales of 4,311 units, up 11 percent over last year.

For a complete sales chart and 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 features symmetrical all-wheel drive as standard equipment on every vehicle in its product line. For additional information please visit www.media.subaru.com.