Subaru Announces Pricing on 2004MY Legacy and Outback Models; Company Marks Historical Milestone With 35th Anniversary Edition Models

CHERRY HILL, N.J., July 22 -- Subaru of America, Inc., the only car company that offers symmetrical all-wheel drive as standard equipment on every vehicle in its product line, today announces the Manufacturer's Suggested Retail Price (MSRP) for 2004 model year Legacy and Outback models. In addition, Subaru of America marks a historical milestone with the introduction of the 2004 model year Legacy and Outback 35th Anniversary Edition models.

35th Anniversary Edition

The 2004 model year Legacy L 35th Anniversary Edition models replace the 2003 model year L Special Edition models. The 35th Anniversary Edition Package increases in value with the addition of a six-way power driver's seat and carpeted floor mats. The MSRP on Legacy L 35th Anniversary Edition Sedan with manual transmission is $20,695, and the Wagon is $21,795. MSRP for the four- speed electronic automatic transmission Legacy L 35th Anniversary Edition Sedan is $21,495 and $22,595 for the Wagon.

The base Outback H6-3.0 wagon becomes the Outback H6-3.0 35th Anniversary Edition Wagon with a new alloy wheel design and a 35th Anniversary Edition fender-mounted badge with a MSRP of $27,095.

Other Legacy and Outback

Some 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) will be specially equipped to meet the California Partial Zero Emission Vehicle (PZEV credited SULEV2) requirements, and therefore will receive a $200 increase in base MSRP. All other Legacy and Outback models will increase $100.

About Subaru of America, Inc.

Subaru of America, Inc. is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered near Philadelphia, 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 of America, Inc. is the only car company that offers symmetrical all-wheel drive as standard equipment on every vehicle in its product line. Subaru has been the best-selling import wagon in America for the past 20 years, based on R.L. Polk & Company new vehicle retail registration statistics calendar year-end 2002.

                  Manufacturer's Suggested Retail Prices

  Model Description                   2004 MY MSRP*
  LEGACY SEDANS
  L 35th Anniversary Edition AWD - MT5   $20,695
  L 35th Anniversary Edition AWD - 4EAT  $21,495
  2.5 GT AWD - MT5                       $25,095
  2.5 GT AWD - 4EAT                      $26,095
  L AWD - MT5                            $19,895
  L AWD - 4EAT                           $20,695
  OUTBACK SEDANS
  Outback Limited Sedan AWD - 4EAT       $26,595
  Outback H6-3.0 Sedan AWD - 4EAT        $28,795
  Outback H6-3.0 VDC Sedan AWD - 4EAT    $30,995
  LEGACY WAGONS
  L 35th Anniversary Edition AWD - MT5   $21,795
  L 35th Anniversary Edition AWD - 4EAT  $22,595
  2.5 GT AWD - MT5                       $25,995
  2.5 GT AWD - 4EAT                      $26,995
  L AWD - MT5                            $20,595
  L AWD - 4EAT                           $21,395
  OUTBACK WAGONS
  Outback AWD - MT5                      $23,345
  Outback AWD - 4EAT                     $24,145
  Outback Limited AWD - MT5              $26,895
  Outback Limited AWD - 4EAT             $27,695
  Outback H6-3.0 35th Anniversary AWD
   - 4EAT                                $27,095
  Outback H6-3.0 L.L.Bean Edition AWD
   - 4EAT                                $30,295
  Outback H6-3.0 VDC AWD - 4EAT          $32,495

*The destination and delivery fee is $550 on all models except in Alaska ($685). Prices shown do not include destination and delivery charges, licenses and state or local taxes. Independent distributor's destination and delivery rates may vary; prices are subject to change without notice. Some 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) will be specially equipped to meet the California Partial Zero Emission Vehicle (PZEV credited SULEV2) requirements, and therefore will receive a $200 increase in base MSRP.