PORSCHE ANNOUNCES SECOND PORSCHE RENNSPORT REUNION;
DAYTONA INTERNATIONAL SPEEDWAY CHOSEN FOR ITS RICH PORSCHE HISTORY

ATLANTA, GA – Aug. 12, 2003 — Keeping a promise to America's Porsche owners and racing fans made in 2001, Porsche Cars North America, in conjunction with Brian Redman and his Intercontinental Events, Inc., today announced Porsche Rennsport Reunion II, to be held April 23-25, 2004, at historic Daytona International Speedway in Florida.

After sports car and motorsports enthusiasts packed Lime Rock Park in Connecticut to see more than 50 years of history-making Porsche racecars and drivers in 2001, Porsche promised to hold a second event in three years time. The Company will fulfill that promise and chose "The World Center of Racing" because of Porsche's rich history at that track.

Porsche's first win in the Rolex 24 at Daytona in 1968 was not only an important part of Porsche's U.S. racing heritage, but was significant for auto racing worldwide as it marked the first Porsche overall victory in an international 24 hour sports car endurance race. Porsche-powered cars have gone on to score a record 20 total overall victories in the Daytona 24 Hour race including this year's win by the Racers Group Porsche 911 GT3 RS.

"Porsche and Daytona International Speedway enjoy reputations steeped in tradition," said Jim France, Chief Executive Officer of International Speedway Corporation, the parent company of Daytona International Speedway and 11 other major motorsports facilities. "With that, it's only natural that the two would come together for such an exciting event as the Porsche Rennsport Reunion II. We're thrilled to have Porsche and its many owners and fans visit "The World Center of Racing."

Porsche Rennsport Reunion II will be open to the public and will bring together an unprecedented gathering of significant Porsche vintage racecars owned by private collectors, Porsche Club racers, former Porsche factory drivers and a selection of historic cars from the Porsche Museum in Stuttgart, Germany. It will feature a three-day program of on-track competition plus a concours d'elegance, which will be open to the event's participants by invitation. In addition, special activities are planned commemorating the 50th Anniversary of the Porsche 356 and Porsche 550 Spyder, and the 40th Anniversary of the Porsche 911.

Additional details of the Porsche Rennsport Reunion will be published on Porsche's web site (www.porsche.com), Brian Redman's Intercontinental Events web site (www.gorace.com), and Daytona International Speedway's web site (http://www.daytonainternationalspeedway.com/), as they become available. Ticket information is available by contacting Daytona International Speedway at (386) 253-RACE.