Subaru Introduces Baja(TM) Turbo at New York International Auto Show

  What:  Subaru of America, Inc., the only manufacturer to have all-wheel
         drive as standard equipment on every vehicle they make, will
         introduce the Baja(TM) Turbo at the New York International Auto
         Show.  Baja Turbo is the third version of the brand's unique
         crossover vehicle that blends the versatility and ruggedness of a
         compact 4-door pickup truck with the driving dynamics, safety and
         comfort of a passenger car.

  Who:   Bill Cyphers, Vice President of Sales, Subaru of America, Inc. to
         present

  When:  Thursday, April 17, 2003 -- The reveal is scheduled for
         1:25 p.m. ET

  Where: Subaru Booth (level 1), Jacob K. Javits Convention Center, New
         York, N.Y.

  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 manufacturer to have all-wheel drive as standard equipment on every vehicle they make. Subaru has been the best-selling import wagon in America for the past 20 years, based on R.L. Polk & Company new vehicle retail registration statistics calendar year-end 2002.