Honda Very Low Emissions 4-stroke personal watercraft certified by CARB

FOR IMMEDIATE RELEASE

November 2, 2001


Torrance, CA $B!>(B American Honda is pleased to announce that the 2002 AquaTrax
F-12 and F-12X personal watercraft with 4-stroke engines have received emissions
certification to the California Air Resources Board (CARB) 2004 Two-Star Very
Low Emission standard. The two CARB Executive Orders were issued on October 29.


Since September 2000, Honda has taken the leadership role in the introduction of
low emissions 4-stroke powered personal watercraft.

   Honda was the first company to announce 4-stroke powered personal watercraft
   in September 2000.

   Honda is the only company that has two 4-stroke powered watercraft meeting
   both the CARB 2004 and the U.S. Environmental Protection Agency's (EPA) 2006
   emissions standards.


   Honda is the only manufacturer whose model line consists solely of 4-stroke
   powered, CARB 2004 and EPA 2006 certified machines.


   Honda is the first manufacturer to offer a turbocharged 4-stroke watercraft,
   the 165 horsepower AquaTrax F-12X.


The AquaTrax F-12 has a manufacturer's suggested retail price (MSRP) of $8,999
and the AquaTrax F-12X has an MSRP of $9,999. The AquaTrax models will go on
sale in early 2002.


Today, efficient 4-stroke engines power all Honda motorcycles, scooters,
all-terrain vehicles (ATVs) and personal watercraft for use on public roads,
lands and waterways in the U.S.


Honda $B!>(B Low-emissions technology and innovation


Honda has a long history of introducing low-emissions products, often meeting
engine emission standards years ahead of schedule.

   Since 1973, Honda has only manufactured 4-stroke marine engines, which are 90
   percent cleaner, and up to 50 percent more fuel-efficient than traditional
   two-stroke outboard engines.

   The 1975 Honda Civic CVCC was the first and only engine to comply with the
   original (1970) Clean Air Act standards, without the use of a catalytic
   converter while running on leaded gasoline.


   In 1989, Honda introduced the VTEC (Variable Valve Timing and Lift Electronic
   Control) automobile engine, the foundation engine technology for the
   simultaneous achievement of high performance, low emissions and exceptional
   fuel efficiency. The VTEC engine, now used in more than 60 percent of all
   Honda and Acura vehicles, powers Honda$B!G(Bs leadership in corporate average
   fuel economy. Honda automobiles and light trucks have consistently topped
   EPA$B!G(Bs Top Ten list of most fuel-efficient vehicles since first created in
   1977.


   Among major automobile manufacturers, Honda's corporate average fuel economy
   (CAF