Announcement of Personnel Changes

June 14, 2007

Yamaha Motor Co., Ltd. announces the following personnel changes, effective June 15, 2007.

Personnel changes (effective June 15, 2007)

(Name)	(New position)	(Current position)

Masahiro Takizawa	Senior manager of Corporate Planning Division	President of MBK Industrie

Akira Nishiyama	President of MBK Industrie	Senior Manager of Automotive Operations

Ryoichi Sumioka	President of Yamaha Motor Asia Pte. Ltd.	Stationed at Yamaha Motor Finance (Europe) B.V.

* Major business lines of the group companies referenced above:

MBK Industrie:

Manufacture of motorcycles, outboard motors and other products in France

Yamaha Motor Asia Pte. Ltd.:

Manufacture, sales and other motorcycle operations in Singapore

Yamaha Motor Finance (Europe) B.V.:

Financing and related operations in the Netherlands