FHI Announces Management Changes

Tokyo, May 8, 2012 - Fuji Heavy Industries Ltd. (FHI), the maker of Subaru automobiles, today announced the following management changes. Appointments of the Board of Directors and Corporate Auditors will be proposed at the Company’s 81st General Meeting of Shareholders, which is scheduled to be held on June 22, 2012.

1. Nominees for Board of Directors (Effective as of June 22, 2012)

・Representative Director, President & CEO
Yasuyuki Yoshinaga (current title: Representative Director, President & COO)

・Representative Director & Deputy President
Jun Kondo (current title: Representative Director & Deputy President)

・Directors
Akira Mabuchi (current title: Director & Corporate Executive Vice President
Naoto Muto (current title: Director & Corporate Executive Vice President)
Tomohiko Ikeda (current title: Director & Corporate Executive Vice President)
Mitsuru Takahashi^*1 (current title: Corporate Executive Vice President)

・Outside Director
Toshio Arima (current title: Outside Director)

*1: Newly-appointed Director

2. Nominees for Corporate Auditors (Effective as of June 22, 2012)

Nobushige Imai (current title: Standing Corporate Auditor)
Takatoshi Yamamoto (Former Managing Director, CASIO COMPUTER CO., LTD.)

3. Retiring Director (Effective as of June 22, 2012)

Ikuo Mori^*2 (current title: Representative Director, Chairman & CEO)

*2: to be appointed as Senior Corporate Advisor of FHI, effective as of June 22, 2012