Subaru Press Conference at 2004 SEMA Show

  What:    Subaru of America, Inc. will provide an update on the company's
           driving performance strategy as it relates to the entire product
           line, performance parts and accessories business, and new
           expanded relationship with Easy Street Motorsports.  The winner
           of the Easy Street Motorsports Maximum Velocity Female Driver
           Search will also be announced.

  Who:     Robert LaBossiere, Vice President, Parts, Subaru of America,
           Inc.
           Ali Afshar, President, Easy Street Motorsports

  When:    Tuesday, November 2, 2004 - 1:50 p.m. PT

  Where:   Las Vegas Convention Center, Las Vegas, Nevada
           Subaru Booth #43909, Lower South Hall

  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 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 features Symmetrical All-Wheel drive as standard equipment on every vehicle in its product line. For additional information visit http://www.subaru.com/.

PRNewswire -- Oct. 28