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Announcement of Organizational and Personnel Changes

March 28, 2006

Yamaha Motor Co., Ltd. announces the following organizational and personnel changes, resolved at the 71st Ordinary General Meeting of Shareholders held on March 28, 2006 and the ensuing meeting of the Board of Directors.

(1) Organizational changes (effective April 1, 2006)

In order to review and revise the companywide export-management procedures, Yamaha Motor has established a Security Trade Control Office. Specifically, the Control Office will form a new organization charged with improving and strengthening the Company’s business-partner screening, internal investigation, internal procedures and education of company personnel in the area of ethics.

(2) Changes in directors and official duties (effective April 1, 2006)

(Name)

(New job)

(Current job)

Yukio Suganuma

Director in charge of Security Trade Control, and General Manager of the Security Trade Control Office

Director in charge of Finance and Personnel, and Senior General Manager of Japan Operations

Tetsuo Uchiyama*

Director in charge of Finance, Division Manager of the Corporate Planning Division, and Senior General Manager of Japan Operations

Corporate Officer and Division Manager of the Corporate Planning Division

(3) Changes in corporate officers and official duties (effective April 1, 2006)

(Name)

(New job)

(Current job)

Osamu Hayata

Corporate Officer, Division Manager of the CSR Audit Division, and public relations staff member of the Security Trade Control Office

Corporate Officer and Division Manager of the CSR Audit Division

Tomotaka Ishikawa*

Corporate Officer of the Company and President of Yamaha Motor India Pvt. Ltd.

President of Yamaha Motor India Pvt. Ltd.

Masahito Suzuki*

Corporate Officer and Senior General Manager of Research & Development Operations

Senior General Manager of Research & Development Operations

Tadakazu Ishibashi*

Corporate Officer and Division Manager of the Human Resources Development Division

Division Manager of the Human Resources Development Division

Newly appointed directors and corporate officers indicated with “*” were announced as candidates for the posts on February 7, 2006.

Business line of group companies:

Yamaha Motor India Pvt. Ltd. is a motorcycle manufacturing company in India.


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