F-1 Honda and BAT New Joint Venture Company Acquires B.A.R

Tokyo, Japan, Jan 11, 2005 - JCN Newswire reported that Honda Motor Co., Ltd. announced today that it has established a new joint venture company, BARH Limited, with British American Tobacco (BAT).

With this development, investment for the Honda 45% capital investment ratio (BAT 55%) announced last year has been completed.

This newly established company has acquired the B.A.R F1 team.