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Announcement of Organizational and Personnel Changes

March 27, 2007

Yamaha Motor Co., Ltd. announces the following organizational and personnel changes, decided at the meeting of the Board of Directors after the 72nd Ordinary General Meeting of Shareholders held on March 27, 2007.

1)

Changes in Duties of Director (effective March 27, 2007)

(Name)

(New position)

(Current position)

Toru Watabiki

Director and Senior Executive Officer, Senior General Manager of Security Trade Control Operations, Senior General Manager of Planning Operations, Motorcycle Headquarters, and General Manager of Licensing Division, Security Trade Control Operations

Executive Officer, Senior General Manager of Planning Operations, Motorcycle Headquarters

2)

Changes in Duties of Senior General Managers and General Managers
(effective March 27, 2007)

(Name)

(New position)

(Current position)

Toshizumi Kato

President of IM Company

President of Yamaha Motor Australia Pty. Ltd.

Tatsumi Ohkawa

President of Yamaha Motor Australia Pty. Ltd.

Stationed at Yamaha Motor Australia Pty. Ltd.

3)

Organizational changes (effective April 1, 2007)

To enhance companywide quality control, a Product Assurance Operations unit will be established, and corporate quality assurance functions, as well as the Customer Relations Group, will be transferred from the General Affairs Division to Product Assurance Operations.

4)

Changes in Duties of Director (effective April 1, 2007)

(Name)

(New position)

(Current position)

Wataru Suzuki

Director and Senior Executive Officer, in charge of corporate quality assurance, and Senior General Manager of Product Assurance Operations

Director in charge of corporate quality assurance

5)

Changes in Duties of Senior General Managers and General Managers
(effective April 1, 2007)

(Name)

(New position)

(Current position)

Yutaka Kume

Senior Manager of Finance & Accounting Division

General Manager of Finance & Accounting Division

Kozo Shinozaki

General Manager of Finance & Accounting Division

Manager of IR & Corporate Finance Group, Finance & Accounting Division

Akihisa Sugiyama

General Manager of Corporate Quality Assurance Division, Product Assurance Operations

Manager of Customer Relation and Quality Coordination Group, General Affairs Division

* Abbreviations:

IM: Intelligent Machinery

IR: Investor Relations

* Major business lines of the group company referenced above:

Yamaha Motor Australia Pty. Ltd.: Import and sales of Yamaha products in Australia

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