Subaru Recognized for Cleaner Vehicles at EPA Tier 2 Event

   What:     Subaru will be recognized among other automakers by the
             Environmental Protection Agency for producing cleaner vehicles
             in 2004.  The cleaner vehicles meet the new EPA Tier 2
             standard.

             The Tier 2 emissions standards are the first EPA standards to
             apply equally to both cars and light trucks. The federal Tier 2
             standards are also equivalent to the more stringent California
             LEV II emissions standards which are also being phased in
             starting with the 2004 models.  Additionally, the Tier 2
             vehicle emissions standards are the first EPA vehicle standards
             that include parallel standards for cleaner, low-sulfur
             gasoline.

             All Subaru 2.5-liter naturally aspirated products manufactured
             at Subaru Indiana Automotive (Subaru Baja, Legacy, and Outback)
             are Tier 2, Bin 5.

             Subaru Legacy and Outback models with 2.5-liter engines
             distributed for sale in California (and in Northeast states
             which have adopted California Specification Emission Control
             Systems and are registered for use in those states) are
             specially equipped to meet the California Partial Zero Emission
             Vehicle (PZEV credited SULEV2) requirements.

             Subaru executives will be available for interviews.

   Who:      Don Bearden, Director, Government Relations, Subaru of America,
              Inc.
             Jim Murphy, Manager Government Affairs, Subaru Research &
              Development, Inc.

   When:     Monday, January 26, 2004 - 10:00 AM ET

   Where:    Ronald Reagan building, Atrium Hall, 1300 Pennsylvania Ave.,
             NW, Washington, DC

  About Subaru of America, Inc.

PRNewswire -- Jan. 23