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Announcement of Organizational and Personnel Changes

August 10, 2007

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

Organizational changes

The Company has established a Quality Assurance Division within the RV Company. The new division will serve to further improve product quality by controlling the quality of all RV Company operations.
The Company has also established a Planning & Administration Division within the RV Company and assigned it the responsibility of supervising all RV Company operations. The new division will strengthen CSR, primarily by promoting activities related to reducing operational costs and improving risk management.

Changes in Duties of Senior General Managers and General Managers

(Name)

(New position)

(Current position)

Kazumasa Atsumi

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

President of Hamakita Industries, Ltd.

Yoshihiro Ono

General Manager of Quality Assurance Division, RV Company

General Manager of RV Engineering Division, RV Company

Mutsuhito Kojima

General Manager of Planning & Administration Division, RV Company

General Manager of RV Sales & Marketing Division, RV Company

Yukio Mizutani

General Manager of RV Sales & Marketing Division, RV Company

Senior Manager of Area Marketing Group, Sales Division 2, Sales Operations, Motorcycle Headquarters

Shinya Shimada

General Manager of RV Engineering Division, RV Company

Senior Manager of ATV Chassis Design Group, RV Engineering Division, RV Company

Hiroyoshi Kurisaki

President of Hamakita Industries, Ltd.

Manager of Administration Department, 3rd SyS Division, SyS Operations, Motorcycle Headquarters

Yoshiaki Takeda

President of Yamaha Motor Philippines, Inc.

Senior Manager of Philippines PJ Group, Sales Division 1, Sales Operations, Motorcycle Headquarters

* Abbreviations:

RV: Recreational Vehicle
SyS: System Supplier
ATV: All-Terrain Vehicles

* Major business lines of the group companies referenced above:

Hamakita Industries, Ltd.:
 Manufacture of cast iron parts for motorcycles, outboard motors and multi-purpose machines.

Yamaha Motor Philippines, Inc.:
 Manufacture and sales of motorcycles in Philippines

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