Honda to Break Ground for $30 Million Expansion in North Carolina

   WHAT:     Honda officials will join with Governor Mike Easley and local
             officials to break ground for the $30 million expansion at
             Honda Power Equipment Mfg. (HPE) in Swepsonsville that will
             expand production capacity by 50% to 1.5 million engines per
             year in 2004.  HPE began operations in North Carolina in 1984.

   WHEN:     Friday, February 14, 2003
             10:30 a.m. EST

   WHO:      -- The Honorable Mike Easley, Governor of North Carolina
             -- Koichi Amemiya, Executive Vice President of Honda Motor Co.,
                Ltd., and President and CEO of American Honda Motor Co.,
                Inc.
             -- Yoshihiko Toyozumi, President of Honda Power Equipment Mfg.
             -- Wade Terry, Vice President of American Honda Power Equipment
                Division

   WHERE:    Honda Power Equipment Mfg.
             Swepsonville, NC
             Directions:
             Take I-40 to exit 153
             At the stop light, turn left onto NC Hwy 119
             HPE is approximately 3 miles ahead on the right hand side of
             the road

   CONTACT:  Mike Burda: 336-516-4015
             Jeffrey Smith: 310-489-3102
             Sage Marie: 404-433-3265

PRNewswire -- Feb. 12

Source: American Honda Motor Co., Inc.