February 28, 2007
Fuji Heavy Industries Ltd.

New regime of executives

The following organizational changes and executive appointments were made informally.
*SIA---Subaru of Indiana Automotive, Inc.

SOA---Subaru of America, Inc.

1. Organizational Changes (as of April 1, 2007)
1) Subaru Global Marketing Division (New)
From the standpoint of the sales based on the customer first philosophy, Subaru Global
Marketing Division is established as the core organization to carry on communication
strategy as well as Subaru brand strategy.

It also reflects market needs to products, sets upand promotes the mid-and-long term marketing strategy.
2) Subaru Overseas Sales & Marketing Division I, II (New)To enhance response capabilities to a market trend in overseas sales, the current Subaru
Overseas Sales & Marketing Division is divided and 2 divisions are newly established;
Division I in charge of U.S. & Canada including enhancement of a function of the corporate
governance over local subsidiaries and Division II in charge of Europe, Asia, Oceania andother areas aiming at reinforcement of the sales in emerging markets
2. Retirement of Corporate Vice President (as of March 31, 2007)
Kunio Ishigami
Current title: Corporate Senior Vice President, Chairman & President of SOA
To be appointed as Advisor of FHI effective April 1, 2007
Shizuhiro Okazaki
Current title: Corporate Senior Vice President, Chief General Manager of Subaru
Japan Sales & Marketing Division
To be appointed as Advisor of FHI effective April 1, 2007
Ichiro Kudo
Current title: Corporate Senior Vice President, Senior General Manager of Subaru
Engineering Division & Chief General Manager of Subaru Technical ResearchCenter
To be appointed as Advisor of FHI effective April 1, 2007

3. Change of Directors’ Areas of Responsibility (as of April 1, 2007)
Name
Representative Director of the Board
Corporate Executive Vice President
Shunsuke Takagi

New
Strategy Development Div., Secretarial OfficeFinance & Accounting Dept.,
Corporate Communications Dept.
General Administration Dept., Legal Dept.
Internal Audit Dept.
Subaru Overseas Sales & Marketing Div. II(Europe, Asia, Oceania & Others)

Director of the Board
Corporate Executive Vice President
Hiroyuki Oikawa

Subaru Overseas Sales & Marketing Div. I(U.S. & Canada)
SIA, SOA
Chairman of SIA

Director of the Board
Corporate Executive Vice President
Kazushige Okuhara

Human Resources Dept.
Business Process & Information System
Management Dept.
Subaru Global Marketing Div.
Subaru Japan Sales & Marketing Div.
Subaru Parts & Accessories Div.
Subaru Customer Center

4. Change of Corporate Vice President’ Areas of Responsibility (as of April 1, 2007)
Name
Corporate Executive Vice President
Masatsugu Nagato

New
Chief General Manager of Subaru Overseas
Sales & Marketing Div. II(Europe, Asia, Oceania & Others)

Corporate Senior Vice President
Jun Kondo

Chief General Manager of Strategy
Development Div.
Chief General Manager of Subaru Cost
Planning & Management Div.

Corporate Senior Vice PresidentTakashi Ishihara

Chief General Manager of Subaru Purchasing
Div.

Corporate Vice President
Yoshio Hasunuma

Chief General Manager of Subaru Global
Marketing Div.

Corporate Vice President
Yasuyuki Yoshinaga

Chief General Manager of Subaru Japan
Sales & Marketing Div.

Corporate Vice President
Tomohiko Ikeda

Chief General Manager of Subaru Overseas
Sales & Marketing Div. I (U.S. & Canada)
Chairman & President of SOA

Corporate Vice President
Mitsuru Takahashi

Finance & Accounting Dept.
General Administration Dept.
Legal Dept., Internal Audit Dept.