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Announcement of Personnel Changes

December 14, 2007

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

Changes in Duties of General Managers and Senior Managers

(Name)

(New position)

(Current position)

Masaru Hayashi

General Manager of Tokyo Office

Senior Manager of Tokyo Office

Masaru Suemori

General Manager of Marine Products Development Division, Marine Operations

Manager of Marine Products Development Division, Marine Operations

Yoshihiro Nagami

Senior Manager of Water Vehicle Division, ME Company

General Manager of Marine Products Development Division, Marine Operations

* Abbreviation:

ME: Marine Engine

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