Announcement of Personnel Changes in the Office of Director

Yamaha Motor Co., Ltd. announces the following changes in the office of Director (scheduled in late March 2007), decided at the meeting of the Board of Directors held on December 27, 2006.

Director to resign (scheduled in late March 2007)

(Name)

(New post)

(Current post)

Toru Hasegawa

Scheduled to take office as Advisor

Chairman and Director

Change in the office of Director (scheduled in late March 2007)

(Name)

(New post)

(Current post)

Tsuneji Togami

Scheduled to take office as Chairman and Director

Senior Managing Director and Representative Director