Subaru Reports October Sales - Total Sales Year-to-Date Up 5% -

CHERRY HILL, N.J., Nov. 3, 2003 -- Subaru of America, Inc., the only car company that offers symmetrical all-wheel drive as standard equipment on every vehicle in its product line, reported October sales of 14,785 units. This total represents a five percent increase in sales year-to-date.

The Subaru Forester recorded sales of 4,967 units, a slight decline from October 2002. The Legacy model line sales totaled 6,028 units, while the Subaru Outback recorded sales of 4,078 units for the month. The Impreza line recorded 2,941 units, and the Baja posted sales of 849 units for the month.

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 offers symmetrical all-wheel drive as standard equipment on every vehicle in its product line. 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.