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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

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