Matt Slap Subaru Hosts Subaru Road Racing Team

    -- Team Members On-Hand to Meet Enthusiasts and Sign Autographs --

  WHAT:      Matt Slap Subaru will host a meet and greet autograph session
             with members of the Subaru Road Racing Team.  The "#06" Subaru
             Club Racing Car, based on the 2006 Subaru Impreza WRX STI, will
             be on display at the dealership.  Also on display will be the
             "#11" Subaru Legacy 2.5 GT Wagon that competes in the Grand
             American Road Racing Grand-Am Cup series.  The event is free
             and open to the public.

             Customers can stop by and test drive high-performance vehicles
             such as the Subaru Impreza WRX STI and Legacy 2.5 GT.
             Refreshments will be provided and drawings will be held for STI
             merchandise all afternoon.  One $500 gift certificate will also
             be awarded for any STI accessory available through the
             Matt Slap Subaru Parts Department.

             Subaru, long-respected for its success in the World Rally
             Championship, won its first-ever road racing title with a 2005
             Subaru Impreza WRX STI at the 42nd annual SCCA National
             Championship Runoffs held in September 2005.  Formed as a
             partnership between racers Dave Rosenblum and Joe Aquilante,
             ICY Racing/Phoenix Performance operates and manages the Subaru
             Road Racing Team and represents the company's most recent foray
             into road racing in the U.S. positioned to compete in the
             Touring 2 class within the SCCA Club Racing National race
             series and the Grand America Road Racing Grand-Am Cup series.

  WHO:       Dave Rosenblum, Driver, Subaru Road Racing Team
             Klevis Prifti, Crew Chief, Subaru Road Racing Team
             Eve Slap, Founder & Owner, Matt Slap Subaru

  WHEN:      Saturday, July 15th from 12-4 PM

  WHERE:     255 E. Cleveland Ave., Newark, DE 19711
             Phone: 800-387-8521

  About ICY Racing/Phoenix Performance, Inc.

With over 22 years of road racing experience, ICY (Inner City Youth) Racing has fielded race-winning teams in the IMSA Firehawk and SCCA World Challenge series, among others. ICY Racing actively works to recruit high school-level automotive students to participate as team members and offers these students a unique opportunity to develop skills and cultivate experiences through a professional race team. Phoenix Performance, Inc. specializes in modifying and preparing street performance cars for on-track and racing applications. Located in Phoenixville, PA, the company has prepared various cars that have earned over 20 National, Divisional and Endurance Series Championships.

About Matt Slap Subaru

Matt Slap Subaru is the largest Subaru dealership in Delaware. Matt Slap Subaru has been satisfying the automotive needs of customers throughout Delaware, Eastern Maryland, and the Philadelphia Metro area for 25 years. For more information visit http://www.mattslap.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 2005. For additional information visit http://www.subaru.com/.