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Announcement of Organizational and Personnel Changes

April 13, 2007

Yamaha Motor Co., Ltd. (the "Company") announces the following organizational and personnel changes, effective April 15, 2007.

Organizational changes (effective April 15, 2007)

In order to maximize the features of each product category offered by IM Company and strengthen market competitiveness, the Company is reorganizing divisions by product category.

Specifically, the previous divisions -- the Engineering Division, Sales and Marketing Division and Business Projects Divisions -- will be regrouped into six divisions. The new division names are: the SMT Engineering Division, SMT Sales and Marketing Division, Robot Business Division, JW Wheelchairs Division, Quality Assurance Division, and Business Project Division.

Personnel changes (effective April 15, 2007)

(Name)

(New position)

(Current position)

Hiroaki Fujita

General Manager of SMT Engineering Division, IM Company, and Senior Vice President of IM Company

Manager of SMT Engineering Group, Engineering Division, IM Company, and Vice President of IM Company

Yoshihisa Iwatsuka

General Manager of SMT Sales and Marketing Division, IM Company, and Vice President of IM Company

General Manager of Sales and Marketing Division, IM Company, and Vice President of IM Company

Shigeyuki Kurata

General Manager of Robot Business Division, IM Company, Vice President of IM Company, and Manager of Robot Sales Group, Robot Business Division, IM Company

Manager of Sales and Marketing Division, IM Company, and Vice President of IM Company

Satoshi Tanigaki

General Manager of JW Wheelchairs Division, IM Company, and Manager of JW Engineering Group, JW Wheelchairs Division, IM Company

Manager of JW Group, Business Projects Division, IM Company

Atsuo Furutani

General Manager of Quality Assurance Division, IM Company, Manager of Quality Assurance Group, Quality Assurance Division, IM Company, and Senior Manager of SMT Engineering Division, IM Company

General Manager of Engineering Division, IM Company, and Manager of Quality Assurance Group, Engineering Division, IM Company

Kazumasa Atsumi

President of Hamakita Industries, Ltd.

Senior Manager of Hamakita Industries, Ltd.

Yukimine Tsuji

Senior Manager of Overseas Production Division, SyS Operations, Motorcycle Headquarters

President of Hamakita Industries, Ltd.

Toshihito Kawai

President of i Pulse Co., Ltd.

Senior Manager of i Pulse Co., Ltd.

Noriaki Nakamura

President of Yamaha Motor Assist Co., Ltd.

Senior Manager of Human Resources Development Group, Human Resources Development Division

Daisaku Karaki

President of Yamaha Motor Management Service Co., Ltd.

Senior Manager of Yamaha Motor Management Service Co., Ltd.

Eisuke Ito

President of Sichuan Huachuan Yamaha Motor Parts Manufacturing Co., Ltd.

Stationed at Sichuan Huachuan Yamaha Motor Parts Manufacturing Co., Ltd.

* Abbreviations:

IM:Intelligent Machinery

JW:JW is a product series name of the Company's electric wheelchairs.

SyS:System Supplier

* Major business lines of the group companies referenced above:

Hamakita Industries, Ltd.:

Manufacture of ordinary cast iron parts and special cast alloy parts for motorcycles, four-wheelers, outboard motors and other products.

i Pulse Co., Ltd.:

Manufacture and sales of printed circuit boards, production equipment for electronic components, and related equipment.

Yamaha Motor Assist Co., Ltd.:

Personnel placement business and outsourcing business

Yamaha Motor Management Service Co., Ltd.:

Accounting and personnel management on a contract basis, financial services

Sichuan Huachuan Yamaha Motor Parts Manufacturing Co., Ltd.:

Manufacture and assembly of parts for products including motors, multi-purpose internal combustion engines, and land transportation vehicles in China

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