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Announcement of Organizational and Personnel Changes

May 14, 2007

Yamaha Motor Co., Ltd. announces the following organizational and personnel changes, effective May 15, 2007.

Changes in Duties of Director (effective May 15, 2007)

(Name)

(New position)

(Current position)

Akira Sano

Senior Executive Officer and Director, Senior General Manager of the American Headquarters

Senior Executive Officer and Director, Senior General Manager of the American Headquarters, and President of Yamaha Motor Corporation U.S.A.

Organizational changes (effective May 15, 2007)

To further promote internal, external and market communication, further differentiate public relations and advertising, and enhance both, the Public Relations Division has been reorganized into the Public Relations Division and the Advertising Division.

Personnel changes (effective May 15, 2007)

(Name)

(New position)

(Current position)

Tetsuo Oosumi

General Manager of Public Relations Division

Manager of Corporate Communication Group, Public Relations Division

Toshiharu Seko

General Manager of Advertising Division

General Manager of Public Relations Division

Akira Nishiyama

Senior Manager of Automotive Operations

General Manager of Business Planning & Control Division, Automotive Operations

Takeo Mochizuki

General Manager of Business Planning & Control Division, Automotive Operations

Manager of Business Planning & Control Division, Automotive Operations

Masato Adachi

President of Yamaha Motor Corporation,U.S.A.

President of Yamaha Motor do Brasil Ltda. and President of Yamaha Motor da Amazonia Ltda.

Yutaka Kume

President of Yamaha Motor do Brasil Ltda. and President of Yamaha Motor da Amazonia Ltda.

Senior Manager of Finance & Accounting Division

* Major business lines of the group companies referenced above:

Yamaha Motor Corporation,U.S.A.:

Import and sales of Yamaha products in the U.S.

Yamaha Motor do Brasil Ltda.:

Manufacture and sales of motorcycle parts, and import and sales of motorcycles, outboard motors and other products in Brazil

Yamaha Motor da Amazonia Ltda.:

Manufacture and sales of motorcycles and outboard motors in Brazil

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