Chase and Subaru Renew Captive Lender Agreement

FYI: Subaru Buyer's Guide

GARDEN CITY, NY - September 8, 2011: Chase Auto Finance and Subaru of America, Inc. today announced the renewal of their relationship, Subaru Motors Finance (SMF), extending Chase as the captive auto finance provider for Subaru in the U.S. for an additional five years.

"Subaru of America, Inc. is pleased to announce the extension of our joint financing relationship named Subaru Motors Finance, which services the wholesale, retail and lease financing needs of our dealers and customers," said Thomas J. Doll, Executive Vice President and Chief Operating Officer of Subaru of America, Inc. "This is the third extension of our contract, which speaks to the strong relationship we have with Chase."

Chase Auto Finance has been the captive lender for Subaru for more than ten years through the SMF brand, financing more than 1.1 million Subaru customers. An exclusive team at SMF manages the full spectrum of retail, lease and floorplan finance needs with a variety of customized product offerings for more than 600 Subaru dealers nationwide.

"We are proud to have served Subaru and its retail organization for more than a decade and look forward to continuing our strong relationship over the next five years," said Marc Sheinbaum, Chief Executive Officer for Chase Auto Finance. "Subaru dealers nationwide will continue to benefit from our products, services and the expertise of our dedicated SMF team."

As a full-service provider, Chase Auto Finance offers prime to sub-prime financing, dealer floorplan, commercial banking, and treasury services.

About Chase

Chase Auto Finance, together with its affiliates, is one of the leading bank providers of auto financing in the country. Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. , a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. Chase serves consumers and small businesses through 5,200 bank branches, 16,200 ATMs, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships and schools and universities. Chase also has issued more than 90 million credit cards.

About Subaru of America, Inc.

Subaru of America, Inc. is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered in Cherry Hill, N.J., the company markets and distributes Subaru Symmetrical All-Wheel Drive vehicles, parts and accessories through a network of more than 600 dealers across the United States. Subaru boasts the most fuel efficient line-up of all-wheel drive products sold in the market today based on Environmental Protection Agency (EPA) fuel economy standards. All Subaru products are manufactured in zero- landfill production plants and Subaru of Indiana Automotive Inc. is the only U.S. automobile production plant to be designated a backyard wildlife habitat by the National Wildlife Federation.