Personnel Changes (General Managers)

November 12, 2004

Yamaha Motor Co., Ltd. Announces the following personal changes, effective November 15, 2004

Changes in Duties of General Managers (effective November 15)

(Name)	(New job)	(Current job)
Kazuo Oza	Senior Manager of Overseas Market Development Operations	General Manager of Overseas Division, Overseas Market Development Operations
Toshiharu Yamada	General Manager of Overseas Division, Overseas Market Development Operations	Senior Manager of Overseas Division, Overseas Market Development Operations