Announcement of Personnel Changes

November 14, 2007

Yamaha Motor Co., Ltd. announces the following personnel changes, effective November 15, 2007.

Changes in Duties of Senior General Managers and General Managers

(Name)	(New position)	(Current position)

Nobutoshi Saeki	Senior Manager of Marine Operations	President of Izumisano Water Front Co., Ltd.

Tetsuya Inamura	General Manager of Administration & Planning Division, Overseas Market Development Operations	Stationed at Thai Yamaha Motor Co., Ltd.

Shigeharu Matano	President of Izumisano Water Front Co., Ltd.	Manager of Izumisano Water Front Co., Ltd.

* Major business lines of the group companies referenced above:

Izumisano Water Front Co., Ltd.:

Operation and management of marinas and related businesses

Thai Yamaha Motor Co., Ltd.:

Sales and manufacture of motorcycles in Thailand