Groundbreaking Ceremony for New Subaru Dealership in Plano

  What:      Join executives from Subaru of America, Inc. and Subaru of
             Dallas at the groundbreaking ceremony for a new Subaru
             dealership in Plano, Texas.  This store will be the first of a
             number of new "antenna" stores strategically set up by Subaru
             across the country to provide more direct consumer preferences
             and retail experience feedback to its parent company in Tokyo,
             Japan.  The Plano site will be built and owned by Subaru of
             America, Inc. and leased to David Thomas, current managing
             partner of the successful Subaru of Dallas store.  Mr. Thomas
             intends to eventually purchase the Plano dealership.

             The new Subaru of Plano will be the first to feature the
             latest interior and exterior designs of the new Subaru
             Signature Facility Program that Subaru dealers will adopt
             across the country.  The materials are updated and modern and
             provide a consistent brand experience in line with the
             redesigned Subaru product line that is the strongest in the
             brand's history.

             Subaru of America is on track to achieve another all-time
             sales record in 2005, bettering the more than 187,400 vehicles
             sold in the U.S. in 2004.  Sales were bolstered this year by
             the launch of the company's first-ever, mid-size SUV, the
             Subaru B9 Tribeca.  Subaru has gained traction in the Sunbelt
             market with the success of the new B9 Tribeca as well as the
             popularity of its driving performance products such as the
             Subaru Impreza WRX and Legacy 2.5 GT Sedan.

  WHO:       Kunio Ishigami, Chairman, President and CEO, Subaru of America,
              Inc.
             Fred Adcock, Executive Vice President, Subaru of America, Inc.
             David Thomas, Managing Partner, Subaru of Dallas
             Phil Dunnet, General Manager, Subaru of Dallas
             General Contractor: Scott Schwob, President, Schwob Building
              Company, Ltd.
             Architect: James Stephenson, Founder and Architect, Stephenson
              Architects

  When:      Tuesday, December 13
             10 AM

  Where:     Subaru of Plano
             4480 West Plano Parkway
             Plano, Texas

  RSVP:      Lisa Fleming
             856-488-5093
             lfleming@subaru.com

  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 Subaru Symmetrical All-Wheel Drive vehicles, parts and accessories through a network of nearly 600 dealers across the United States. Subaru makes the best-selling All-Wheel Drive car sold in America based on R.L. Polk & Co. new vehicle retail registration statistics calendar year-end 2004. For additional information visit http://www.subaru.com/.